Kellanova Co (NYSE:K) currently has a daily average trading volume of 2.58M but it saw 45718528 shares traded in last market. With a market cap of 27.48B USD, the company’s current market price of $80.28 came rising about 7.76 while comparing to the previous closing price of $74.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $75.48 and as low as $47.62. In the recent trading on the day, stock has struck highest price mark of $79.86 while lowest mark touched by it was $80.46.
Taking a look at 20-day trading activity of Kellanova Co (K) gives us an average price of $64.92, while its current price level is 6.36% below from 52-week high level whereas it is 68.57% 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 $60.70 while that of 200 days or SMA-200 reads an average of $56.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.05% during that period while stretching the period over a month that increases to 2.58%. 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 87.82 which implies that the stock is in overbought 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 Goldman which initiated the stock as “Neutral” in its note to investors issued on August 12, 2024, recommending a price target of $75 for it. RBC Capital Mkts upgraded its recommendation for the stock as a “Outperform” from “Sector Perform” on August 05, 2024 while assigning a price target range of $62-$76. Exane BNP Paribas issued its recommendations for the stock as it upgraded the price target for the stock is $74.
Over the week, K’s stock price is moving 10.03% up while it is 40.72% when we observe its performance for the past one month. Year-to-date it is 43.59% up and over the past year, the stock is showing an upside performance of 33.85%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.16 beat the consensus estimate of 0.14 for the same. Moreover, analysts are in estimates of $1.62B for current-quarter revenue.
Currently, Kellanova Co’s total number of outstanding shares is 340.59M with 0.94% of that held by the insiders while 87.72% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 10.28% and return on equity (ROE) at 25.72%. It has a price to earnings ratio (P/E ratio) of 30.51 while having a 20.58 of forward P/E ratio. Stock’s beta reads 0.31. Stock has a price to book (P/B) ratio of 8.30 while price to sale or P/S ratio amounts to 2.03. Its return on asset (ROA) is 5.60% on average.
