Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) currently has a daily average trading volume of 830.97K but it saw 754123 shares traded on Wednesday. With a market cap of 1.76B USD, stock’s current market price of $13.44 came falling about -2.82 while comparing to the previous closing price of $13.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.23 and as low as $8.90. In the recent trading on the day, stock has struck highest price mark of $13.83 while lowest mark touched by it was $13.35.
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Taking a look at 20-day trading activity of Kratos Defense & Security Solutions Inc. (KTOS) gives us an average price of $13.51, while its current price level is -17.19% below from 52-week high level whereas it is 50.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $13.20 while that of 200 days or SMA-200 reads an average of $11.74. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.91% during that period while stretching the period over a month that increases to 3.71%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.88 which implies that the stock is in neutral territory.
Kratos Defense & Security Solutions Inc. (KTOS)’s stock is currently under the radar of 10 analysts who are in consensus at a 12-month price target range of between $13.00 and $20.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $13.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $20.00. Average price target assigned by them is $16.70 which highlights an upside potential of 19.52% for the stock over that period. And to attain the median price target of $16.00 assigned by those analysts, stock has to add about 16.0% of value to its current levels.
Data by FactSet Research shows that 10 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 6 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, KTOS’s stock price is moving -4.88% down while it is 4.92% when we observe its performance for the past one month. Year-to-date it is 30.23% up and over the past year, the stock is showing a downside performance of -1.18%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.06 beat the consensus estimate of $0.05 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of $0.05 while estimate for next year EPS is $0.36. For KTOS, analysts are forecasting an EPS-growth rate of 16.10% for current year and estimate for EPS growth in next year is 38.90%. In next quarter, company is expected to be making quarterly sales of $253.19 million as analysts are expecting the sales for current fiscal year at $993.5 million and seeing the company making $1.09 billion in sales next year. Moreover, analysts are in estimates of $235.94 million for current-quarter revenue.
Currently, Kratos Defense & Security Solutions Inc.’s total number of outstanding shares is 128.10M with 1.75% of that held by the insiders while 85.68% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -1.40% and return on equity (ROE) at -3.00%. It has a 26.88 of forward P/E ratio. Stock’s beta reads 0.78. Stock has a price to book (P/B) ratio of 1.85 while price to sale or P/S ratio amounts to 1.89. Its return on asset (ROA) is -1.80% on average.
A filing at the U.S. Securities and Exchange Commission revealed that ARK Autonomous Technology & Robot came shrinking its share ownership by -0.26% in the Kratos Defense & Security Solutions Inc. (KTOS) decreasing its stake to 4.36% with control over 14642.0 shares in the company. As per SEC documents, ARK Autonomous Technology & Robot sought 5,519,697 of company’s common stock of worth $71.2 million as per recent closing price of the stock. ARK Autonomous Technology & Robot is not the only institutional holder which restructured its stake in Kratos Defense & Security Solutions Inc., as Vanguard Total Stock Market ETF picked 3,936,160 shares of worth $50.78 million to bring its holdings to a total of 35441.0 shares. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 3.32 million or 2.62% of the company’s stake having worth of about 42.77 million.
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