Kellanova Co (K) concluded trading on Thursday at a closing price of $80.19, with 2.8 million shares of worth about $224.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.89% during that period and on September 05, 2024 the price remained unchanged. Currently the company’s common shares owned by public are about 340.59M shares, out of which, 290.07M shares are available for trading.
Stock saw a price change of -0.53% in past 5 days and over the past one month there was a price change of 9.33%. Year-to-date (YTD), K shares are showing a performance of 43.43% which increased to 43.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.62 but also hit the highest price of $80.97 during that period. The average intraday trading volume for Kellanova Co shares is 3.75 million. The stock is currently trading 1.66% above its 20-day simple moving average (SMA20), while that difference is up 20.14% for SMA50 and it goes to 36.00% higher than SMA200.
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Kellanova Co (NYSE: K) currently have 340.59M outstanding shares and institutions hold larger chunk of about 73.13% of that.
The stock has a current market capitalization of $27.58B and its 3Y-monthly beta is at 0.38. PE ratio of stock for trailing 12 months is 30.47, while it has posted earnings per share of $2.63 in the same period. Its PEG reads 3.53 and has Quick Ratio of 0.48 while making debt-to-equity ratio of 1.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for K, volatility over the week remained 0.34% while standing at 0.84% over the month.
Stock’s fiscal year EPS is expected to rise by 16.59% while it is estimated to increase by 5.16% in next year. EPS is likely to grow at an annualized rate of 8.64% for next 5-years, compared to annual growth of -6.41% 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 DA Davidson on August 26, 2024 offering a Neutral rating for the stock and assigned a target price range of between $80 and $83.50 to it. On August 12, 2024, Goldman Initiated their recommendations, while on August 05, 2024, RBC Capital Mkts Upgrade their ratings for the stock with a price target of $76. Stock get an Outperform rating from Exane BNP Paribas on August 05, 2024.
