Technical Outlook And Game Plan For Krispy Kreme Inc (NASDAQ: DNUT)

Krispy Kreme Inc (DNUT) concluded trading on Thursday at a closing price of $11.85, with 6.59 million shares of worth about $78.07 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.38% during that period and on November 07, 2024 the price saw a loss of about -4.55%. Currently the company’s common shares owned by public are about 168.63M shares, out of which, 82.70M shares are available for trading.

Stock saw a price change of 4.27% in past 5 days and over the past one month there was a price change of 11.52%. Year-to-date (YTD), DNUT shares are showing a performance of -21.44% which decreased to -11.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.18 but also hit the highest price of $17.84 during that period. The average intraday trading volume for Krispy Kreme Inc shares is 1.39 million. The stock is currently trading 2.60% above its 20-day simple moving average (SMA20), while that difference is up 3.86% for SMA50 and it goes to -0.59% lower than SMA200.

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Krispy Kreme Inc (NASDAQ: DNUT) currently have 168.63M outstanding shares and institutions hold larger chunk of about 53.43% of that.

The stock has a current market capitalization of $2.01B and its 3Y-monthly beta is at 1.41. It has posted earnings per share of -$0.31 in the same period. It has Quick Ratio of 0.26 while making debt-to-equity ratio of 1.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DNUT, volatility over the week remained 4.87% while standing at 3.49% over the month.

Stock’s fiscal year EPS is expected to drop by -7.07% while it is estimated to increase by 31.29% in next year. EPS is likely to grow at an annualized rate of 30.50% for next 5-years, compared to annual growth of -24.46% 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 Morgan Stanley on November 05, 2024 offering an Equal-weight rating for the stock and assigned a target price of $14 to it. Coverage by Evercore ISI stated Krispy Kreme Inc (DNUT) stock as an In-line in their note to investors on August 27, 2024, suggesting a price target of $13 for the stock. On July 23, 2024, HSBC Securities Upgrade their recommendations, while on June 10, 2024, Truist Upgrade their ratings for the stock with a price target of $15. Stock get an Overweight rating from JP Morgan on June 03, 2024.

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