Let’s look at the key reasons that are pushing WK Kellogg Co (KLG) to new highs

On Tuesday, WK Kellogg Co (NYSE: KLG) was 1.11% up from the session before settling in for the closing price of $20.68. A 52-week range for KLG has been $11.88 – $24.63.

Over the past five-year period, the drop rate of yearbook sales for the company of the Consumer Defensive sector was -0.71%. When this article was written, the company’s average yearly earnings per share was at -32.01%. With a float of $65.03 million, this company’s outstanding shares have now reached $85.98 million.

Considering the fact that the conglomerate employs 3150 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 28.58%, operating margin of 4.78%, and the pretax margin is 3.42%.

WK Kellogg Co (KLG) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward WK Kellogg Co stocks. The insider ownership of WK Kellogg Co is 24.49%, while institutional ownership is 71.60%. The most recent insider transaction that took place on Nov 15 ’24, was worth 946,082. In this transaction Director of this company bought 55,000 shares at a rate of $17.20, taking the stock ownership to the 250,000 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Director bought 65,000 for $17.94, making the entire transaction worth $1,165,801. This insider now owns 65,000 shares in total.

WK Kellogg Co (KLG) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.47 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -32.01% per share during the next fiscal year.

WK Kellogg Co (NYSE: KLG) Trading Performance Indicators

You can see what WK Kellogg Co (KLG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.66. Likewise, its price to free cash flow for the trailing twelve months is 9.84.

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 1.49 in one year’s time.

Technical Analysis of WK Kellogg Co (KLG)

Compared to the last year’s volume of 1.05 million, its volume of 0.81 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 52.26%. Additionally, its Average True Range was 0.82.

During the past 100 days, WK Kellogg Co’s (KLG) raw stochastic average was set at 87.54%, which indicates a significant increase from 84.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.43% in the past 14 days, which was lower than the 47.68% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $18.13, while its 200-day Moving Average is $18.29. Nevertheless, the first resistance level for the watch stands at $21.15 in the near term. At $21.38, the stock is likely to face the second major resistance level. The third major resistance level sits at $21.86. If the price goes on to break the first support level at $20.44, it is likely to go to the next support level at $19.96. Now, if the price goes above the second support level, the third support stands at $19.73.

WK Kellogg Co (NYSE: KLG) Key Stats

There are 86,125K outstanding shares of the company, which has a market capitalization of 1.80 billion. As of now, sales total 2,763 M while income totals 110,000 K. Its latest quarter income was 689,000 K while its last quarter net income were -11,000 K.