Knife River Corp (NYSE: KNF) is 19.17% higher on its value in year-to-date trading and has touched a low of $67.22 and a high of $108.83 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 KNF stock was last observed hovering at around $84.77 in the last trading session, with the day’s gains setting it 458.28%.
Currently trading at $543.05K, the stock is -7.12% and -11.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 1256263% at the moment leaves the stock -14.40% off its SMA200. KNF registered -20.19% loss for a year compared to 6-month loss of -18.90%. The firm has a 50-day simple moving average (SMA 50) of $91.9314 and a 200-day simple moving average (SMA200) of $94.7663.
The stock witnessed a -15.60% gain in the last 1 month and extending the period to 3 months gives it a -16.43%, and is 0.83% 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 4.52% over the week and 3.08% over the month.
Knife River Corp (KNF) has around 4761 employees, a market worth around $4.60B and $2.92B in sales. Current P/E ratio is 25.57 and Fwd P/E is 17.63. Profit margin for the company is 6.18%. Distance from 52-week low is 20.68% and -25.46% from its 52-week high. The company has generated returns on investments over the last 12 months (6.94%).
The EPS is expected to grow by 11.07% this year
576.0 institutions hold shares in Knife River Corp (KNF), with institutional investors hold 93.96% of the company’s shares. The shares outstanding are 56.65M, and float is at 56.34M with Short Float at 4.89%. Institutions hold 93.65% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.86 million shares valued at $481.33 million. The investor’s holdings represent 12.122 of the KNF Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.97 million shares valued at $418.9 million to account for 10.5499 of the shares outstanding. The other top investors are BARROW HANLEY MEWHINNEY & STRAUSS LLC which holds 2.06 million shares representing 3.6463 and valued at over $144.78 million, while STATE STREET CORP holds 3.4771 of the shares totaling 1.97 million with a market value of $138.07 million.
