KKR & Co. Inc. (KKR): What Technical Indicators Show

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KKR & Co. Inc. (NYSE:KKR) saw a downside of -0.96% to close Tuesday at $53.37 after subtracting -$0.52 on the day. The 5-day average trading volume is 3,643,660 shares of the company’s common stock. It has gained $54.54 in the past week and touched a new high 2 times within the past 5 days. An average of 3,034,095 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,149,610.

KKR’s 1-month performance is 12.00% or $6.50 on its low of $45.03 reached on 12/28/22. The company’s shares have touched a 52-week low of $41.77 and high of $73.30, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, KKR has achieved 14.97% or $6.95 and has reached a new high 8 times. However, the current price is down -27.19% from the 52-week high price.

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Insider Transactions

KKR stock investors last saw insider trading activity on Nov 22.KKR Group Partnership L.P. (10% Owner) most recently sold 32,842,183 shares at $9.41 per share on Nov 22. This transaction cost the insider $309,012,100. 10% Owner, KKR Group Partnership L.P., sold 5,750,000 shares at a price of $14.10 on Sep 13. Then, on Aug 16, General Counsel and Secretary Sorkin David sold 60,000 shares at a price of $56.94 per share. This transaction amounted to $3,416,568.

Valuation Metrics

KKR stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.61 while the price-to-book (PB) in the most recent quarter is 2.81.

As well, the company’s long term debt to equity for the quarter ending June 29 was 2.46, while the total debt to equity was 2.47.. In terms of profitability, the gross margin trailing 12 months is 43.90%. The firm’s gross profit as reported stood at $4.88 billion against revenue of $16.24 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 254.32% to -$827.93 million, while revenue of -$73.77 million was 91.09% off the previous quarter. Analysts expected KKR to announce $0.95 per share in earnings in its latest quarter, but it posted $0.95, representing a 0.00% surprise. EBITDA for the quarter stood at more than $49.75 million. Shareholders hold equity totaling $861.11 million.

Let’s look briefly at KKR & Co. Inc. (KKR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 61.71% to suggest the stock is trending Neutral, with historical volatility in this time period at 45.45%.

The stock’s 5-day moving average is $52.79, reflecting a -0.30% or -$0.16 change from its current price. KKR is currently trading +14.50% above its 20-day SMA, +5.27% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.68% and SMA200 by-5.20%.

Stochastic %K and %D was 86.21% and 79.19% and the average true range (ATR) pointed at 1.67. The RSI (14) points at 60.13%, while the 14-day stochastic is at 83.59% with the period’s ATR at 1.64. The stock’s 9-day MACD Oscillator is pointing at 0.44 and 1.99 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for KKR & Co. Inc. (NYSE: KKR), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for KKR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate KKR as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 15 have offered a “buy” rating.

What is KKR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $45.50 and a high of $76.00, with their median price target at $65.00. Looking at these predictions, the average price target given by analysts is for KKR & Co. Inc. (KKR) stock is $63.97.

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