Knowles Corporation (NYSE:KN) currently has a daily average trading volume of 632.85K but it saw 1528393 shares traded on Thursday. With a market cap of 1.55B USD, stock’s current market price of $16.85 came rising about 3.12 while comparing to the previous closing price of $16.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.25 and as low as $11.57. In the recent trading on the day, stock has struck highest price mark of $17.18 while lowest mark touched by it was $16.36.
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Taking a look at 20-day trading activity of Knowles Corporation (KN) gives us an average price of $16.32, while its current price level is -16.79% below from 52-week high level whereas it is 45.64% 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 $16.36 while that of 200 days or SMA-200 reads an average of $15.79. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.61% during that period while stretching the period over a month that decreases to 3.15%. 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 57.63 which implies that the stock is in neutral territory.
Knowles Corporation (KN)’s stock is currently under the radar of 4 analysts who are in consensus at a 12-month price target range of between $17.00 and $24.00 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 $17.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $24.00. Average price target assigned by them is $20.50 which highlights an upside potential of 17.8% for the stock over that period. And to attain the median price target of $20.50 assigned by those analysts, stock has to add about 17.8% of value to its current levels.
Data by FactSet Research shows that 4 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. 2 analysts suggested the investors to Buy the stock while 1 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, KN’s stock price is moving 3.12% up while it is 7.74% when we observe its performance for the past one month. Year-to-date it is 2.62% up and over the past year, the stock is showing a downside performance of -9.80%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.05 beat the consensus estimate of $0.04 for the same. The company is expected to be releasing its next quarterly report in 07/26/2023, for which analysts forecasted an EPS of $0.22 while estimate for next year EPS is $1.02. For KN, analysts are forecasting an EPS-growth rate of -19.00% for current year and estimate for EPS growth in next year is 29.40%. In next quarter, company is expected to be making quarterly sales of $192.37 million as analysts are expecting the sales for current fiscal year at $741 million and seeing the company making $821.12 million in sales next year. Moreover, analysts are in estimates of $172.32 million for current-quarter revenue.
Currently, Knowles Corporation’s total number of outstanding shares is 91.40M with 1.52% of that held by the insiders while 101.09% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -41.00% and return on equity (ROE) at -41.60%. It has a 12.74 of forward P/E ratio. Stock’s beta reads 1.46. Stock has a price to book (P/B) ratio of 1.56 while price to sale or P/S ratio amounts to 2.19. Its return on asset (ROA) is -34.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.14% in the Knowles Corporation (KN) decreasing its stake to 7.24% with control over 9537.0 shares in the company. In the most recent quarter, Vanguard Total Stock Market ETF came rising its stake by 1.12% in the company and now holds 2.85 million or 3.12% of the company’s stake having worth of about 48.09 million.
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