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Why Eastman Kodak Co. (KODK) Stock Could See Much Higher Prices Ahead

Eastman Kodak Co. (NYSE: KODK) is 51.79% higher on its value in year-to-date trading and has touched a low of $3.33 and a high of $6.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KODK stock was last observed hovering at around $5.67 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $5.92, the stock is 14.88% and 20.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 4.41% at the moment leaves the stock 40.42% off its SMA200. KODK registered 12.98% gain for a year compared to 6-month gain of 58.29%.

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The stock witnessed a 25.16% loss in the last 1 month and extending the period to 3 months gives it a 13.19%, and is 10.04% up 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 4.56% over the week and 4.85% over the month.

Eastman Kodak Co. (KODK) has around 4000 employees, a market worth around $474.19M and $1.09B in sales. Current P/E ratio is 9.52. Profit margin for the company is 5.06%. Distance from 52-week low is 77.78% and -6.65% from its 52-week high. The company has generated returns on investments over the last 12 months (3.36%).

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Eastman Kodak Co. (KODK) Top Institutional Holders

The shares outstanding are 79.60M, and float is at 62.40M with Short Float at 9.03%.

Eastman Kodak Co. (KODK) Insider Activity

The most recent transaction is an insider purchase by Katz Philippe D,the company’sDirector. SEC filings show that Katz Philippe D bought 6,000 shares of the company’s common stock on Nov 16 ’23 at a price of $3.70 per share for a total of $22200.0. Following the purchase, the insider now owns 0.16 million shares.

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