KNOT Offshore Partners LP [KNOP] stock is trading at $6.28, up 1.13%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KNOP shares have gain 15.23% over the last week, with a monthly amount glided 10.18%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
KNOT Offshore Partners LP [NYSE: KNOP] stock has seen the most recent analyst activity on May 30, 2023, when Alliance Global Partners upgraded its rating to a Buy but kept the price target unchanged to $8 for it. Previously, Alliance Global Partners upgraded its rating to Neutral on February 01, 2023. On January 12, 2023, downgrade downgraded it’s rating to Sell but maintained its price target of $6 on the stock. Alliance Global Partners started tracking the stock assigning a Buy rating and suggested a price target of $16 on December 13, 2022. Barclays downgraded its rating to a Underweight and raised its price target to $17 on January 20, 2021. B. Riley Securities started tracking with a Buy rating for this stock on January 07, 2021, and assigned it a price target of $20. In a note dated October 21, 2019, BTIG Research initiated an Buy rating and provided a target price of $24 on this stock.
KNOT Offshore Partners LP [KNOP] stock has fluctuated between $4.94 and $9.11 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. KNOT Offshore Partners LP [NYSE: KNOP] shares were valued at $6.28 at the most recent close of the market. An investor can expect a potential return of 154.78% based on the average KNOP price forecast.
Analyzing the KNOP fundamentals
KNOT Offshore Partners LP [NYSE:KNOP] reported sales of 300.37M for the trailing twelve months, which represents a growth of 4.97%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.04.
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 6.15 points at the first support level, and at 6.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.37, and for the 2nd resistance point, it is at 6.47.
Ratios To Look Out For
For context, KNOT Offshore Partners LP’s Current Ratio is 0.44. In addition, the Quick Ratio stands at 0.42 and the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 0.42.
