Kaiser Aluminum Corp (NASDAQ: KALU) is -23.35% lower on its value in year-to-date trading and has touched a low of $46.81 and a high of $102.42 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 KALU stock was last observed hovering at around $54.45 in the last trading session, with the day’s loss setting it -0.59%.
Currently trading at $53.86, the stock is -7.01% and -17.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.14 million and changing -1.08% at the moment leaves the stock -26.29% off its SMA200. KALU registered -40.47% loss for a year compared to 6-month loss of -24.75%. The firm has a 50-day simple moving average (SMA 50) of $65.3282 and a 200-day simple moving average (SMA200) of $73.07325.
The stock witnessed a -23.52% gain in the last 1 month and extending the period to 3 months gives it a -27.58%, and is 3.04% 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 4.50% over the week and 5.53% over the month.
Kaiser Aluminum Corp (KALU) has around 4000 employees, a market worth around $867.17M and $3.02B in sales. Current P/E ratio is 18.75 and Fwd P/E is 8.75. Profit margin for the company is 1.55%. Distance from 52-week low is 15.07% and -47.41% from its 52-week high. The company has generated returns on investments over the last 12 months (2.68%).
with sales reaching $796M over the same period.The EPS is expected to grow by 41.07% this year, but quarterly earnings will post 8.55% year-over-year. Quarterly sales are estimated to grow 7.93% in year-over-year returns.
286.0 institutions hold shares in Kaiser Aluminum Corp (KALU), with institutional investors hold 99.78% of the company’s shares. The shares outstanding are 16.10M, and float is at 15.61M with Short Float at 3.43%. Institutions hold 97.75% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.0 million shares valued at $263.64 million. The investor’s holdings represent 18.6615 of the KALU Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.09 million shares valued at $184.06 million to account for 13.0653 of the shares outstanding. The other top investors are VICTORY CAPITAL MANAGEMENT INC which holds 0.94 million shares representing 5.8594 and valued at over $82.55 million, while STATE STREET CORP holds 5.8472 of the shares totaling 0.94 million with a market value of $82.61 million.
Kaiser Aluminum Corp (KALU) Insider Activity
The most recent transaction is an insider purchase by Harvey Keith, the company’s President & CEO. SEC filings show that Harvey Keith bought 2,588 shares of the company’s common stock on Jul 29 ’24 at a price of $77.23 per share for a total of $0.2 million. Following the purchase, the insider now owns 0.1 million shares.
Kaiser Aluminum Corp disclosed in a document filed with the SEC on May 15 ’24 that Parkinson Ray (SVP – AE & Innovation) sold a total of 3,254 shares of the company’s common stock. The trade occurred on May 15 ’24 and was made at $100.53 per share for $0.33 million. Following the transaction, the insider now directly holds 3178.0 shares of the KALU stock.
