Volatility Is Your Friend: Eastman Kodak Co (KODK) Is Hot Again

Eastman Kodak Co (NYSE:KODK) does about 886.51K shares in volume on a normal day but saw 2773158 shares change hands in the recent trading day. The company now has a market cap of 589.43M USD. Its current market price is $7.22, marking a decrease of -0.41% compared to the previous close of $7.25. The 52 week high reached by this stock is $7.74 whilst the lowest price level in 52 weeks is $3.33.

Eastman Kodak Co (KODK) has a 20-day trading average at $5.55 and the current price is -6.72% off the 52-week high compared with 116.82% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.08 and its 200-day simple moving average is $5.05. If we look at the stock’s price movements over the week, volatility stands at 13.33%, which decreases to 8.83% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.96 to suggest the stock is overbought.

The current price level is 30.07%, 42.05%, and 43.05% away from its SMA20, SMA50, and SMA200 respectively, with the KODK price moving below the 50-day SMA on current market day. Eastman Kodak Co (KODK) stock is up 37.00% over the week and 52.97% over the past month. Its price is 85.13% year-to-date and 99.45% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

The company has a return on investment of 3.57% and return on equity of 6.85%. The price to earnings ratio (P/E ratio) amounts to 10.33. The beta has a value of 3.74. Price to book ratio is 0.59 and price to sales ratio is 0.56.