A share price of World Kinect Corp [WKC] is currently trading at $28.02, up 0.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The WKC shares have gain 0.61% over the last week, with a monthly amount drifted -10.68%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
World Kinect Corp [NYSE: WKC] stock has seen the most recent analyst activity on October 25, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $32 from $33. Previously, Morgan Stanley downgraded its rating to Underweight on September 16, 2024, and kept the price target unchanged to $28. On February 21, 2024, JP Morgan initiated with a Neutral rating and assigned a price target of $25 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $24 on November 06, 2023. Raymond James initiated its recommendation with a Outperform and recommended $30 as its price target on July 06, 2023. BofA Securities downgraded its rating to Underperform for this stock on June 26, 2023, and downed its price target to $22. In a note dated May 18, 2022, Stifel upgraded an Buy rating on this stock but restated the target price of $35.
World Kinect Corp experienced fluctuations in its stock price throughout the past year between $20.00 and $31.70. Currently, Wall Street analysts expect the stock to reach $29.33 within the next 12 months. World Kinect Corp [NYSE: WKC] shares were valued at $28.02 at the most recent close of the market. An investor can expect a potential return of 4.68% based on the average WKC price forecast.
Analyzing the WKC fundamentals
Trailing Twelve Months sales for World Kinect Corp [NYSE:WKC] were 44.44B which represents -14.25% decline. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.77 points at the first support level, and at 27.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.15, and for the 2nd resistance point, it is at 28.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for World Kinect Corp [NYSE:WKC] is 1.16. On the other hand, the Quick Ratio is 0.99, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.04, the price to book ratio is 0.80 and price to earnings (TTM) ratio is 12.46.
Transactions by insiders
Recent insider trading involved Tejada Jose-Miguel, SVP, Chief Accounting Officer, that happened on Nov 18 ’24 when 2500.0 shares were sold. Officer, Tejada Jose-Miguel completed a deal on Nov 18 ’24 to buy 2500.0 shares. Meanwhile, Director KASSAR RICHARD A sold 20000.0 shares on Oct 30 ’24.
