Is There More Upside Ahead For Kratos Defense & Security Solutions Inc (NASDAQ: KTOS)

Kratos Defense & Security Solutions Inc (KTOS) concluded trading on Wednesday at a closing price of $20.82, with 4.24 million shares of worth about $88.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.08% during that period and on Wednesday the price saw a gain of about 16.97%. Currently the company’s common shares owned by public are about 129.29M shares, out of which, 125.95M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 82 times over the past 12 months. They bought 249,183 shares in 32 of the transactions. In 50 selling transactions, insiders dumped 351,121 shares.

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Stock saw a price change of 17.83% in past 5 days and over the past one month there was a price change of 11.58%. Year-to-date (YTD), KTOS shares are showing a performance of 2.61% which increased to 81.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.17 but also hit the highest price of $21.42 during that period. The average intraday trading volume for Kratos Defense & Security Solutions Inc shares is 966.42K. The stock is currently trading 17.28% above its 20-day simple moving average (SMA20), while that difference is up 9.78% for SMA50 and it goes to 28.36% higher than SMA200.

Kratos Defense & Security Solutions Inc (NASDAQ: KTOS) currently have 129.29M outstanding shares and institutions hold larger chunk of about 86.72% of that.

The stock has a current market capitalization of $2.68B and its 3Y-monthly beta is at 0.79. It has posted earnings per share of -$0.07 in the same period. It has Quick Ratio of 1.50 while making debt-to-equity ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KTOS, volatility over the week remained 4.47% while standing at 3.24% over the month.

Analysts are in expectations that Kratos Defense & Security Solutions Inc (KTOS) stock would likely to be making an EPS of $0.08 in the current quarter, while forecast for next quarter EPS is $0.1 and it is $0.58 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.04 which is $0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.33% while it is estimated to increase by 29.43% in next year. EPS is likely to grow at an annualized rate of 2.00% for next 5-years, compared to annual growth of -15.14% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on July 20, 2023 offering an Outperform rating for the stock and assigned a target price of $17 to it.

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