Is World Kinect Corp (NYSE: WKC) Back In The Buying Zone?

Currently, there are 62.00M common shares owned by the public and among those 58.41M shares have been available to trade.

Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 200,828 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 48,578 shares.

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However, the script later moved the day high at 24.35, down -2.00%. The company’s stock has a 5-day price change of 1.78% and 16.38% over the past three months. WKC shares are trading 5.14% year to date (YTD), with the 12-month market performance down to -19.01% lower. It has a 12-month low price of $17.69 and touched a high of $30.65 over the same period. WKC has an average intraday trading volume of 523.34K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.43%, 6.91%, and 8.22% respectively.

Institutional ownership of World Kinect Corp (NYSE: WKC) shares accounts for 104.98% of the company’s 62.00M shares outstanding.

It has a market capitalization of $1.44B and a beta (3y monthly) value of 1.26. The stock’s trailing 12-month PE ratio is 13.66, while the earnings-per-share (ttm) stands at $1.75. The company has a PEG of 2.73 and a Quick Ratio of 0.96 with the debt-to-equity ratio at 0.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.26% over the week and 2.48% over the month.

Analysts forecast that World Kinect Corp (WKC) will achieve an EPS of $Western Digital Corporation for the current quarter, $54.00 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $W. P. Carey Inc. REIT while analysts give the company a high EPS estimate of $WESCO International, Inc. Comparatively, EPS for the current quarter was $WEC Energy Group, Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -7.97%, and 22.24% over the next financial year.

Looking at the support for the WKC, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on November 06, 2023, with the firm’s price target at $24.

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