WK Kellogg Co (NYSE: KLG) is 49.54% higher on its value in year-to-date trading and has touched a low of $10.11 and a high of $24.63 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 KLG stock was last observed hovering at around $16.84 in the last trading session, with the day’s gains setting it 2.81%.
Currently trading at $19.65, the stock is 13.26% and 12.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing 16.69% at the moment leaves the stock 11.17% off its SMA200. KLG registered 87.86% gain for a year compared to 6-month loss of -11.49%. The firm has a 50-day simple moving average (SMA 50) of $17.4568 and a 200-day simple moving average (SMA200) of $17.64395.
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The stock witnessed a 13.78% gain in the last 1 month and extending the period to 3 months gives it a 15.18%, and is 18.16% 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 5.18% over the week and 3.53% over the month.
WK Kellogg Co (KLG) has around 3150 employees, a market worth around $1.69B and $2.72B in sales. Current P/E ratio is 14.07 and Fwd P/E is 12.94. Profit margin for the company is 4.45%. Distance from 52-week low is 94.36% and -20.22% from its 52-week high. The company has generated returns on investments over the last 12 months (13.91%).
WK Kellogg Co quarterly earnings per share for the current quarter are estimated at 0.26 with sales reaching $674.04M over the same period.The EPS is expected to shrink by -30.38% this year, but quarterly earnings will post -2.00% year-over-year. Quarterly sales are estimated to shrink -2.60% in year-over-year returns.
523.0 institutions hold shares in WK Kellogg Co (KLG), with institutional investors hold 93.80% of the company’s shares. The shares outstanding are 85.81M, and float is at 65.11M with Short Float at 14.95%. Institutions hold 87.45% of the Float.
WK Kellogg Co (KLG) Insider Activity
The most recent transaction is an insider purchase by MURGUIA RAMON, the company’s Director. SEC filings show that MURGUIA RAMON bought 1,000 shares of the company’s common stock on Feb 28 ’24 at a price of $14.64 per share for a total of $14640.0. Following the purchase, the insider now owns 10860.0 shares.
WK Kellogg Co disclosed in a document filed with the SEC on Nov 22 ’23 that Brice Sherry (Chief Supply Chain Officer) bought a total of 3,150 shares of the company’s common stock. The trade occurred on Nov 22 ’23 and was made at $11.75 per share for $37019.0. Following the transaction, the insider now directly holds 9335.0 shares of the KLG stock.
Still, SEC filings show that on Nov 13 ’23, VanDeVelde Doug (Chief Growth Officer) acquired 18,700 shares at an average price of $10.69 for $0.2 million. The insider now directly holds 23,284 shares of WK Kellogg Co (KLG).
