4.95% percent quarterly performance for Keycorp (KEY) is not indicative of the underlying story

A new trading day began on Friday, with Keycorp (NYSE: KEY) stock price up 1.74% from the previous day of trading, before settling in for the closing price of $14.38. KEY’s price has ranged from $8.53 to $15.86 over the past 52 weeks.

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Financial Sector giant saw their annual sales surged by 7.70% over the last five years. Meanwhile, its annual earnings per share averaged 0.88%. With a float of $929.84 million, this company’s outstanding shares have now reached $936.56 million.

Keycorp (KEY) Insider Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Keycorp is 0.43%, while institutional ownership is 80.74%. The most recent insider transaction that took place on Mar 08 ’24, was worth 113,250. In this transaction Director of this company sold 7,500 shares at a rate of $15.10, taking the stock ownership to the 53,577 shares. Before that another transaction happened on Feb 16 ’24, when Company’s Head of Commercial Bank sold 2,376 for $14.03, making the entire transaction worth $33,335. This insider now owns 98,120 shares in total.

Keycorp (KEY) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 0.88% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -5.80% during the next five years compared to -12.34% drop over the previous five years of trading.

Keycorp (NYSE: KEY) Trading Performance Indicators

Here are Keycorp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.29. Likewise, its price to free cash flow for the trailing twelve months is 5.16.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.78, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.64 in one year’s time.

Technical Analysis of Keycorp (KEY)

Analysing the last 5-days average volume posted by the [Keycorp, KEY], we can find that recorded value of 18.9 million was better than the volume posted last year of 16.27 million. As of the previous 9 days, the stock’s Stochastic %D was 28.28%. Additionally, its Average True Range was 0.47.

During the past 100 days, Keycorp’s (KEY) raw stochastic average was set at 70.85%, which indicates a significant increase from 36.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.25% in the past 14 days, which was lower than the 35.07% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $14.65, while its 200-day Moving Average is $12.66. Now, the first resistance to watch is $14.85. This is followed by the second major resistance level at $15.06. The third major resistance level sits at $15.33. If the price goes on to break the first support level at $14.37, it is likely to go to the next support level at $14.10. Should the price break the second support level, the third support level stands at $13.89.

Keycorp (NYSE: KEY) Key Stats

With a market capitalization of 13.66 billion, the company has a total of 927,472K Shares Outstanding. Currently, annual sales are 10,397 M while annual income is 967,000 K. The company’s previous quarter sales were 2,660 M while its latest quarter income was 65,000 K.