The Week Ahead: Are Investors Really Too Optimistic About Kroger Co. (NYSE: KR)

Kroger Co. (NYSE:KR) currently has a daily average trading volume of 5.27M but it saw 3886312 shares traded in last market. With a market cap of 37.80B USD, the company’s current market price of $51.95 came rising about 0.52 while comparing to the previous closing price of $51.68. In past 52 weeks, the stock remained buoying in the range of price level as high as $58.34 and as low as $42.10.

Taking a look at 20-day trading activity of Kroger Co. (KR) gives us an average price of $53.41, while its current price level is -10.95% below from 52-week high level whereas it is 23.41% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $54.96 while that of 200 days or SMA-200 reads an average of $48.61. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.06% during that period while stretching the period over a month that increases to 1.36%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 34.64 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wells Fargo which upgraded the stock as “Overweight” in its note to investors issued on April 16, 2024, recommending a price target of between $58 and $65 for it. Exane BNP Paribas downgraded its recommendation for the stock as a “Underperform” from “Neutral” on April 08, 2024 while assigning a price target of $48. Telsey Advisory Group issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $60 and $62.

Over the week, KR’s stock price is moving -0.06% down while it is -6.07% when we observe its performance for the past one month. Year-to-date it is 13.65% up and over the past year, the stock is showing an upside performance of 12.76%.

Currently, Kroger Co.’s total number of outstanding shares is 727.60M. Company’s return on investment (ROI) stands at 7.15% and return on equity (ROE) at 19.82%. It has a price to earnings ratio (P/E ratio) of 17.55 while having a 11.44 of forward P/E ratio. Stock’s beta reads 0.45. Stock has a price to book (P/B) ratio of 3.22 while price to sale or P/S ratio amounts to 0.25. Its return on asset (ROA) is 4.18% on average.