Why KT Corporation ADR (KT) Stock Could See Much Higher Prices Ahead

KT Corporation ADR (NYSE: KT) is 22.62% higher on its value in year-to-date trading and has touched a low of $12.10 and a high of $18.45 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 KT stock was last observed hovering at around $16.24 in the last trading session, with the day’s gains setting it 0.24%.

Currently trading at $16.48, the stock is -1.10% and 3.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing 1.48% at the moment leaves the stock 14.34% off its SMA200. KT registered 17.30% gain for a year compared to 6-month gain of 23.82%. The firm has a 50-day simple moving average (SMA 50) of $15.9282 and a 200-day simple moving average (SMA200) of $14.40325.

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The stock witnessed a 8.07% loss in the last 1 month and extending the period to 3 months gives it a 6.05%, and is 3.45% 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 1.62% over the week and 2.30% over the month.

KT Corporation ADR (KT) has around 19737 employees, a market worth around $8.10B and $19.75B in sales. Current P/E ratio is 9.30 and Fwd P/E is 7.36. Profit margin for the company is 4.42%. Distance from 52-week low is 36.20% and -10.68% from its 52-week high. The company has generated returns on investments over the last 12 months (4.87%).

with sales reaching $6.7T over the same period.The EPS is expected to shrink by -33.59% this year, but quarterly earnings will post 44.88% year-over-year. Quarterly sales are estimated to grow 0.05% in year-over-year returns.

KT Corporation ADR (KT) Top Institutional Holders

The shares outstanding are 491.65M, and float is at 491.61M with Short Float at 0.68%.

The top institutional shareholder in the company is ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC with over 10.21 million shares valued at $139.57 million. The investor’s holdings represent 2.0776% of the KT Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 10.07 million shares valued at $137.69 million to account for 2.0495 of the shares outstanding. The other top investors are KOPERNIK GLOBAL INVESTORS, LLC which holds 9.32 million shares representing 1.8964% and valued at over $127.4 million, while MORGAN STANLEY holds 1.8882 of the shares totaling 9.28 million with a market value of $126.84 million.