A new trading day began on Friday, with WK Kellogg Co (NYSE: KLG) stock price down -1.08% from the previous day of trading, before settling in for the closing price of $18.57. KLG’s price has ranged from $9.65 to $24.63 over the past 52 weeks.
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During the last 5-year period, the sales drop of Consumer Defensive Sector giant was -0.71%. Meanwhile, its annual earnings per share averaged -31.48%. With a float of $65.11 million, this company’s outstanding shares have now reached $85.81 million.
Let’s determine the extent of company efficiency that accounts for 3150 employees. In terms of profitability, gross margin is 28.62%, operating margin of 5.62%, and the pretax margin is 5.99%.
WK Kellogg Co (KLG) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Packaged Foods Industry. The insider ownership of WK Kellogg Co is 24.20%, while institutional ownership is 70.68%. The most recent insider transaction that took place on Feb 28 ’24, was worth 14,640. In this transaction Director of this company bought 1,000 shares at a rate of $14.64, taking the stock ownership to the 10,860 shares. Before that another transaction happened on Nov 22 ’23, when Company’s Chief Supply Chain Officer bought 3,150 for $11.75, making the entire transaction worth $37,019. This insider now owns 9,335 shares in total.
WK Kellogg Co (KLG) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -31.48% per share during the next fiscal year.
WK Kellogg Co (NYSE: KLG) Trading Performance Indicators
Here are WK Kellogg Co’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.58. Likewise, its price to free cash flow for the trailing twelve months is 8.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.40, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.51 in one year’s time.
Technical Analysis of WK Kellogg Co (KLG)
Looking closely at WK Kellogg Co (NYSE: KLG), its last 5-days average volume was 0.84 million, which is a drop from its year-to-date volume of 1.1 million. As of the previous 9 days, the stock’s Stochastic %D was 82.86%. Additionally, its Average True Range was 0.69.
During the past 100 days, WK Kellogg Co’s (KLG) raw stochastic average was set at 32.91%, which indicates a significant decrease from 76.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.10% in the past 14 days, which was higher than the 41.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.05, while its 200-day Moving Average is $16.75. However, in the short run, WK Kellogg Co’s stock first resistance to watch stands at $18.78. Second resistance stands at $19.20. The third major resistance level sits at $19.45. If the price goes on to break the first support level at $18.11, it is likely to go to the next support level at $17.86. Should the price break the second support level, the third support level stands at $17.44.
WK Kellogg Co (NYSE: KLG) Key Stats
With a market capitalization of 1.58 billion, the company has a total of 85,878K Shares Outstanding. Currently, annual sales are 2,763 M while annual income is 110,000 K. The company’s previous quarter sales were 672,000 K while its latest quarter income was 31,000 K.
