Analyzing Kalera Public Limited Company (KAL) By Technical Indicators

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As of Wednesday close, Kalera Public Limited Company’s (NASDAQ:KAL) stock was up $0.07, moving up 76.92 percent to $0.16. The average number of shares traded per day over the past five days has been 38,280,039 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0773 gain in that time frame. In the last twenty days, the average volume was 32,018,340, while in the previous 50 days, it was 13,054,260.

Since last month, KAL stock retreated -25.98%. Shares of the company fell to $0.0696 on 11/07/22, the lowest level in the past month. Since the beginning of this year, KAL’s stock price has dropped by -98.40%. However, the stock has declined by -98.91% since its 52-week high.


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Financial Health

In the recent quarter, Kalera Public Limited Company’s quick ratio stood at 0.20, while its current ratio was 0.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.20, and the total debt-to-equity ratio was 0.27.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KAL’s revenue rose 100.0% to $1.29 million during the quarter, while net income inched up to $1.67 million. During the quarter, the company generated -$17.2 million in EBITDA. The liabilities of Kalera Public Limited Company were 138.54 million at the end of its most recent quarter, and its total debt was $106.3 million. The value of shareholders’ equity is $91.88 million.

Technical Picture

This quick technical analysis looks at Kalera Public Limited Company’s (KAL) price momentum. With a historical volatility rate of 285.29%, the RSI 9-day stood at 54.23% on 23 November.

With respect to its five-day moving average, the current Kalera Public Limited Company price is up by +92.35% percent or $0.0773. At present, KAL shares trade -23.33% below its 20-day simple moving average and -94.25% percent below its 100-day simple moving average. However, the stock is currently trading approximately -91.30% below its SMA50.

Stochastic coefficient K was 49.51% and Stochastic coefficient D was 34.87%, while ATR was 0.0340. Given the Stochastic reading of 87.55% for the 14-day period, the RSI (14) reading has been calculated as 33.52%. As of today, the MACD Oscillator reading stands at 0.0159, while the 14-day reading stands at 0.0230.

Analyst Ratings

Kalera Public Limited Company (KAL) has been rated Buy by analysts. According to 0 brokerage firms, KAL is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Kalera Public Limited Company stock as buy, with 1 recommending it as overweight.

With a median target price of $5.00, the current consensus forecast for the stock is $5.00 – $5.00. Based on these forecasts, analysts predict Kalera Public Limited Company (KAL) will achieve an average price target of $5.00.

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