Kinetik Holdings Inc (NYSE: KNTK) is 68.92% higher on its value in year-to-date trading and has touched a low of $31.73 and a high of $53.41 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 KNTK stock was last observed hovering at around $52.48 in the last trading session, with the day’s gains setting it 3.94%.
Currently trading at $56.42, the stock is 12.58% and 18.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 7.51% at the moment leaves the stock 37.26% off its SMA200. KNTK registered 58.08% gain for a year compared to 6-month gain of 44.82%. The firm has a 50-day simple moving average (SMA 50) of $47.2286 and a 200-day simple moving average (SMA200) of $40.98575.
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The stock witnessed a 15.66% loss in the last 1 month and extending the period to 3 months gives it a 38.79%, and is 15.92% 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 3.66% over the week and 2.36% over the month.
Kinetik Holdings Inc (KNTK) has around 330 employees, a market worth around $8.89B and $1.50B in sales. Current P/E ratio is 20.81 and Fwd P/E is 23.26. Profit margin for the company is 10.70%. Distance from 52-week low is 77.81% and 5.64% from its 52-week high. The company has generated returns on investments over the last 12 months (7.76%).
The EPS is expected to shrink by -25.08% this year
287.0 institutions hold shares in Kinetik Holdings Inc (KNTK), with institutional investors hold 105.56% of the company’s shares. The shares outstanding are 57.10M, and float is at 33.57M with Short Float at 7.31%. Institutions hold 87.62% of the Float.
Kinetik Holdings Inc (KNTK) Insider Activity
The most recent transaction is an insider sale by Wall Matthew, the company’s. SEC filings show that Wall Matthew sold 5,750 shares of the company’s common stock on Mar 28 ’24 at a price of $39.82 per share for a total of $0.23 million. Following the sale, the insider now owns 0.53 million shares.
Kinetik Holdings Inc disclosed in a document filed with the SEC on Mar 28 ’24 that Carpenter Todd () sold a total of 2,500 shares of the company’s common stock. The trade occurred on Mar 28 ’24 and was made at $39.82 per share for $99550.0. Following the transaction, the insider now directly holds 0.27 million shares of the KNTK stock.
Still, SEC filings show that on Mar 22 ’24, Howard Trevor () disposed off 7,000 shares at an average price of $37.62 for $0.26 million. The insider now directly holds 198,411 shares of Kinetik Holdings Inc (KNTK).
