It’s Not A Fantasy To Think That Kimco Realty Corporation (KIM) Has Big Future Potential

Kimco Realty Corporation (NYSE:KIM) currently has a daily average trading volume of 4.12M but it saw 2548230 shares traded in last market. With a market cap of 15.41B USD, the company’s current market price of $22.86 came falling about -1.42 while comparing to the previous closing price of $23.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.25 and as low as $16.27. In the recent trading on the day, stock has struck highest price mark of $22.715 while lowest mark touched by it was $23.21.

Taking a look at 20-day trading activity of Kimco Realty Corporation (KIM) gives us an average price of $23.25, while its current price level is -5.73% below from 52-week high level whereas it is 40.52% 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 $22.87 while that of 200 days or SMA-200 reads an average of $20.38. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.80% during that period while stretching the period over a month that increases to 1.81%. 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 46.26 which implies that the stock is in neutral territory.

Raymond James upgraded its recommendation for the stock as a “Strong Buy” from “Mkt Perform” on August 16, 2024 while assigning a price target of $25. BofA Securities also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $24 and $20.

Over the week, KIM’s stock price is moving -0.04% down while it is -2.68% when we observe its performance for the past one month. Year-to-date it is 7.27% up and over the past year, the stock is showing an upside performance of 34.75%.

Currently, Kimco Realty Corporation’s total number of outstanding shares is 674.11M. Company’s return on investment (ROI) stands at 1.82% and return on equity (ROE) at 3.60%. It has a price to earnings ratio (P/E ratio) of 43.07 while having a 32.75 of forward P/E ratio. Stock’s beta reads 1.49. Stock has a price to book (P/B) ratio of 1.46 while price to sale or P/S ratio amounts to 8.04. Its return on asset (ROA) is 1.94% on average.