World Kinect Corp (NYSE: WKC) is 35.25% higher on its value in year-to-date trading and has touched a low of $17.69 and a high of $31.70 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 WKC stock was last observed hovering at around $30.50 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $30.81, the stock is 5.30% and 9.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 1.02% at the moment leaves the stock 21.71% off its SMA200. WKC registered 34.31% gain for a year compared to 6-month gain of 16.48%. The firm has a 50-day simple moving average (SMA 50) of $28.0974 and a 200-day simple moving average (SMA200) of $25.3671.
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The stock witnessed a 8.45% loss in the last 1 month and extending the period to 3 months gives it a 19.42%, and is -1.88% 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 2.31% over the week and 2.33% over the month.
World Kinect Corp (WKC) has around 5289 employees, a market worth around $1.82B and $46.18B in sales. Current P/E ratio is 13.63 and Fwd P/E is 12.46. Profit margin for the company is 0.29%. Distance from 52-week low is 74.17% and -2.82% from its 52-week high. The company has generated returns on investments over the last 12 months (4.80%).
with sales reaching $11.77B over the same period.The EPS is expected to grow by 10.06% this year, but quarterly earnings will post -5.70% year-over-year.
World Kinect Corp (WKC) Top Institutional Holders
337.0 institutions hold shares in World Kinect Corp (WKC), with institutional investors hold 111.48% of the company’s shares. The shares outstanding are 59.80M, and float is at 57.13M with Short Float at 10.04%. Institutions hold 107.84% of the Float.
World Kinect Corp (WKC) Insider Activity
The most recent transaction is an insider sale by KASBAR MICHAEL J, the company’s Chairman, CEO and President. SEC filings show that KASBAR MICHAEL J sold 58,948 shares of the company’s common stock on Aug 19 ’24 at a price of $27.92 per share for a total of $1.65 million. Following the sale, the insider now owns 1.02 million shares.
Still, SEC filings show that on Aug 01 ’24, STEBBINS PAUL H (Director) disposed off 34,264 shares at an average price of $27.46 for $0.94 million. The insider now directly holds 0 shares of World Kinect Corp (WKC).
