Kennametal Inc. (NYSE: KMT) is -5.39% lower on its value in year-to-date trading and has touched a low of $22.08 and a high of $30.60 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 KMT stock was last observed hovering at around $24.66 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $24.40, the stock is 2.70% and -0.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.53 million and changing -1.05% at the moment leaves the stock 0.07% off its SMA200. KMT registered -16.81% loss for a year compared to 6-month loss of -0.29%.
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The stock witnessed a 2.65% gain in the last 1 month and extending the period to 3 months gives it a 0.21%, and is -3.56% 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 2.80% over the week and 2.18% over the month.
Kennametal Inc. (KMT) has around 8739 employees, a market worth around $1.92B and $2.05B in sales. Current P/E ratio is 18.10 and Fwd P/E is 15.65. Profit margin for the company is 5.29%. Distance from 52-week low is 10.53% and -20.26% from its 52-week high. The company has generated returns on investments over the last 12 months (5.73%).
The EPS is expected to shrink by -5.04% this year
The shares outstanding are 79.83M, and float is at 75.20M with Short Float at 7.45%.
Kennametal Inc. (KMT) Insider Activity
The most recent transaction is an insider sale by Witt John Wayne, the company’s Vice President. SEC filings show that Witt John Wayne sold 579 shares of the company’s common stock on Jun 13 ’24 at a price of $24.37 per share for a total of $14111.0. Following the sale, the insider now owns 764.0 shares.
Kennametal Inc. disclosed in a document filed with the SEC on Jun 10 ’24 that Chowbey Sanjay (President and CEO) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Jun 10 ’24 and was made at $24.28 per share for $0.12 million. Following the transaction, the insider now directly holds 49270.0 shares of the KMT stock.
Still, SEC filings show that on May 10 ’24, Chowbey Sanjay (Vice President) acquired 10,000 shares at an average price of $26.00 for $0.26 million. The insider now directly holds 44,270 shares of Kennametal Inc. (KMT).
