Eastman Kodak Company (NYSE:KODK) price on Wednesday, Jan 06, dropped -1.21% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.16.
A look at the stock’s price movement, the close in the last trading session was $8.26, moving within a range at $8.13 and $8.60. The beta value (5-Year monthly) was 5.63 while the PE ratio in trailing twelve months stood at 0. Turning to its 52-week performance, $60 and $1.5 were the 52-week high and 52-week low respectively. Overall, KODK moved 8.37% over the past month.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KODK is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, none recommend KODK as a Buy and none give it an Outperform rating. Meanwhile, none analyst(s) rate the stock as Underperform and none say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0, with KODK’s current price about -13.08% and 0.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.7, while 7-day volatility ratio is 5.82% and 8.42% in the 30-day chart. Further, Eastman Kodak Company (KODK) has a beta value of 5.63, and an average true range (ATR) of 0.8. Analysts have given the company’s stock an average 52-week price target of $1, forecast between a low of $1 and high of $1. Looking at the price targets, the low is -87.75% off current price level while to achieve the yearly target high, price needs to move -87.75%. Nonetheless, investors will most likely welcome a -87.75% jump to $1 which is the analysts’ median price.
In the market, a comparison of Eastman Kodak Company (KODK) and its peers suggest the former has performed considerably weaker. Data shows KODK’s intraday price has changed -1.21% in last session and +149.54% over the past year. Comparatively, Koninklijke Philips Electronics (PHG) has moved +0.69% on the day and only +16.73% in the past 12 months. Looking at another peer, we see that K L A-Tencor Corp (KLAC) price has dipped -0.22% on the day. However, the stock is 50.31% off its price a year ago. Moreover, Carrier Global Corp [Carr/I] (CARR) is also down -1.21% in trading on the day while keeping an uptrend of 149.54% over the past year. If we look at the PE ratio, we find that Eastman Kodak Company’s ratio stands at 0 compared to Koninklijke Philips Electronics’s 36.44 and K L A-Tencor Corp’s 32.27. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.57% and 1.44respectively in the last trading.
If we refocus on Eastman Kodak Company (NYSE:KODK), historical trading data shows that trading volumes averaged 4.62 Million over the past 10 days and 9.3 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 77.16 Million shares.
As per Thomson Reuters, 41.12% of Eastman Kodak Company’s shares are in the hands of company insiders while institutional holders own 20.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.14 Million on December 14, 2020, giving us a short ratio of 0.78. The data shows that as of December 14, 2020 short interest in Eastman Kodak Company (KODK) stood at 14.43% of shares outstanding, with shares short dropping from 15.3 Million registered in November. Current price change has pushed the stock +0.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KODK stock continues to rise going into the next quarter.
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