Knowles Corporation (NYSE: KN) is -0.49% lower on its value in year-to-date trading and has touched a low of $11.57 and a high of $20.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KN stock was last observed hovering at around $16.68 in the last trading session, with the day’s loss setting it -0.34% off its average median price target of $20.50 for the next 12 months. It is also 31.92% off the consensus price target high of $24.00 offered by 4 analysts, but current levels are 3.88% higher than the price target low of $17.00 for the same period.
Currently trading at $16.34, the stock is 0.65% and -0.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -2.04% at the moment leaves the stock 3.51% off its SMA200. KN registered -13.45% loss for a year compared to 6-month gain of 10.85%. The firm has a 50-day simple moving average (SMA 50) of $2.20 and a 200-day simple moving average (SMA200) of -$4.02.
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The stock witnessed a 4.41% loss in the last 1 month and extending the period to 3 months gives it a -3.83%, and is -0.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.04% over the week and 2.98% over the month.
Knowles Corporation (KN) has around 7000 employees, a market worth around $1.50B and $707.60M in sales. Fwd P/E is 12.35. Profit margin for the company is -64.10%. Distance from 52-week low is 41.23% and -19.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-41.00%).
Knowles Corporation (KN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Knowles Corporation (KN) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Knowles Corporation is expected to release its quarterly report on 07/26/2023.The EPS is expected to shrink by -395.70% this year
Knowles Corporation (KN) Top Institutional Holders
The shares outstanding are 91.40M, and float is at 89.50M with Short Float at 3.10%.
Knowles Corporation (KN) Insider Activity
A total of 48 insider transactions have happened at Knowles Corporation (KN) in the last six months, with sales accounting for 25 and purchases happening 23 times. The most recent transaction is an insider sale by SHAVERS CHERYL L, the company’s Director. SEC filings show that SHAVERS CHERYL L sold 12,205 shares of the company’s common stock on May 18 at a price of $16.61 per share for a total of $0.2 million. Following the sale, the insider now owns 50772.0 shares.
Knowles Corporation disclosed in a document filed with the SEC on May 03 that Cabrera Raymond D. (SVP, HR & Chief Admin. Officer) sold a total of 8,490 shares of the company’s common stock. The trade occurred on May 03 and was made at $16.36 per share for $0.14 million. Following the transaction, the insider now directly holds 89202.0 shares of the KN stock.
Still, SEC filings show that on Nov 02, Crowley Daniel J (Director) acquired 2,000 shares at an average price of $13.97 for $27940.0. The insider now directly holds 19,815 shares of Knowles Corporation (KN).
Knowles Corporation (KN): Who are the competitors?
The company’s main competitors (and peers) include The LGL Group Inc. (LGL) that is trading -5.78% down over the past 12 months and Frequency Electronics Inc. (FEIM) that is 4.62% higher over the same period. CTS Corporation (CTS) is 17.03% up on the 1-year trading charts.