Technicals Say Kaman Corporation (KAMN) Is Worth Holding


As of Wednesday close, Kaman Corporation’s (NYSE:KAMN) stock was up $0.21, moving up 1.04 percent to $20.40. The average number of shares traded per day over the past five days has been 202,560 shares. 2 times new highs have been achieved over the past 5 days, with a $1.08 gain in that time frame. In the last twenty days, the average volume was 325,955, while in the previous 50 days, it was 215,862.

Since last month, KAMN stock retreated -38.50%. Shares of the company fell to $18.88 on 11/16/22, the lowest level in the past month. A 52-week high of $46.50 was reached on 04/21/22 after having rallying from a 52-week low of $18.88. Since the beginning of this year, KAMN’s stock price has dropped by -52.72% or -$22.75, and marked a new high 5 times. However, the stock has declined by -56.13% since its 52-week high.

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KAMN stock investors should be aware that Kaman Corporation (KAMN) stock had its last reported insider trading activity 163 days ago on Jun 14. CALLAWAY E REEVES III, the Director of the company, disposed of 3,707 shares for $34.92 on Jun 14. It resulted in a $129,441 divestment by the insider.

Valuation Metrics

Right now, Kaman Corporation (KAMN) has a P/E ratio of about 31.92. The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 0.83, the price-to-book (PB) ratio of 0.75.

The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Tuesday February 28 2017, a $0.02 dividend increase was announced.

Financial Health

In the three months ended June 29, Kaman Corporation’s quick ratio stood at 2.50, while its current ratio was 4.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.80. On the profitability front, the trailing twelve-month gross margin is 32.60% percent. In the year ended June 29, operating margins totaled 2.80%. Based on annual data, KAMN earned $236.62 million in gross profit and brought in $708.99 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.40%. Return on equity (ROE) for the past 12 months was 2.30%.

In Kaman Corporation’s quarter-end financial report for June 29, it reported total debt of $609.8 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KAMN’s revenue fell -4.56% to $160.77 million during the quarter, while net income inched up to $172.0 million. While analysts expected Kaman Corporation to report $0.36 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by -13.90%. During the quarter, the company generated $10.69 million in EBITDA. The liabilities of Kaman Corporation were 797.92 million at the end of its most recent quarter ended June 29, and its total debt was $206.84 million. The value of shareholders’ equity is $28.02 million.

Technical Picture

This quick technical analysis looks at Kaman Corporation’s (KAMN) price momentum. With a historical volatility rate of 38.46%, the RSI 9-day stood at 37.08% on 23 November.

With respect to its five-day moving average, the current Kaman Corporation price is up by +5.59% percent or $1.08. At present, KAMN shares trade -37.69% below its 20-day simple moving average and -32.47% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.68% below its SMA50 and -49.45% below its SMA200.

Stochastic coefficient K was 34.32% and Stochastic coefficient D was 21.65%, while ATR was 1.22. Given the Stochastic reading of 50.84% for the 14-day period, the RSI (14) reading has been calculated as 35.27%.

Analyst Ratings

Kaman Corporation downgraded its rating on Kaman Corporation (NYSE: KAMN) to a Sector weight in a note to investors on November 02, 2022. The analysts firm previously had an Overweight rating on the stock.Kaman Corporation (KAMN) has been rated Hold by analysts. According to 1 brokerage firm, KAMN is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Kaman Corporation stock as buy, with 1 recommending it as overweight.

With a median target price of $30.50, the current consensus forecast for the stock is $21.00 – $40.00. Based on these forecasts, analysts predict Kaman Corporation (KAMN) will achieve an average price target of $30.50.


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