At the time of writing, Kimball Electronics Inc [KE] stock is trading at $25.82, up 4.49%. An important factor to consider is whether the stock is rising or falling in short-term value. The KE shares have gain 29.62% over the last week, with a monthly amount glided 33.37%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Kimball Electronics Inc [NASDAQ: KE] stock has seen the most recent analyst activity on August 15, 2024, when Sidoti downgraded its rating to a Neutral. Previously, B. Riley Securities started tracking the stock with Buy rating on October 09, 2023, and set its price target to $39. On June 15, 2023, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $3.40 on the stock. Lake Street started tracking the stock assigning a Buy rating and suggested a price target of $27 on May 11, 2022. Sidoti upgraded its rating to a Buy but $26 remained the price target by the analyst firm on May 07, 2021. Sidoti downgraded its rating to Neutral for this stock on March 09, 2021, but kept the price target unchanged to $26. In a note dated February 04, 2021, Sidoti upgraded an Buy rating on this stock and boosted its target price from $20 to $26.
For the past year, the stock price of Kimball Electronics Inc fluctuated between $12.41 and $24.80. Currently, Wall Street analysts expect the stock to reach $23.75 within the next 12 months. Kimball Electronics Inc [NASDAQ: KE] shares were valued at $25.82 at the most recent close of the market. An investor can expect a potential drop of -8.02% based on the average KE price forecast.
Analyzing the KE fundamentals
According to Kimball Electronics Inc [NASDAQ:KE], the company’s sales were 1.49B for trailing twelve months, which represents an -11.55% plunge. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
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 24.99 points at the first support level, and at 24.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.32, and for the 2nd resistance point, it is at 26.83.
Ratios To Look Out For
It is important to note that Kimball Electronics Inc [NASDAQ:KE] has a current ratio of 2.17. On the other hand, the Quick Ratio is 1.32, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 38.22.
