The Kroger Co. (KR): What Technical Indicators Show

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The Kroger Co. (NYSE:KR) saw a downside of -0.98% to close Tuesday at $44.26 after subtracting -$0.44 on the day. The 5-day average trading volume is 3,736,740 shares of the company’s common stock. It has gained $46.39 in the past week and touched a new high 1 time within the past 5 days. An average of 3,973,620 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,028,642.

KR’s 1-month performance is -0.45% or -$1.63 on its low of $43.62 reached on 01/20/23. The company’s shares have touched a 52-week low of $41.81 and high of $62.78, with the stock’s rally to the 52-week high happening on 01/10/23. YTD, KR has lost -0.72% or -$0.32 and has reached a new high 5 times. However, the current price is down -29.50% from the 52-week high price.

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Insider Transactions

KR stock investors last saw insider trading activity on Dec 20.Adcock Mary Ellen (Senior Vice President) most recently sold 43,000 shares at $44.27 per share on Dec 20. This transaction cost the insider $1,903,610. Vice President and Treasurer, FIKE CARIN L, sold 5,779 shares at a price of $47.72 on Dec 02. Then, on Apr 21, Senior Vice President Massa Timothy A sold 50,283 shares at a price of $58.03 per share. This transaction amounted to $2,917,774.

Valuation Metrics

KR stock has a beta of 0.50. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.21 while the price-to-book (PB) in the most recent quarter is 3.18, with the price to cash flow ratio at 25.71.

The Kroger Co.’s quick ratio for the period ended October 30 was 0.30, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending October 30 was 1.25, while the total debt to equity was 1.33.. In terms of profitability, the gross margin trailing 12 months is 21.50%. The firm’s gross profit as reported stood at $30.35 billion against revenue of $137.89 billion.

Earnings Surprise

For the quarterly period ending October 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -21.36% to $398.0 million, while revenue of $731.0 million was -83.67% off the previous quarter. Analysts expected KR to announce $0.82 per share in earnings in its latest quarter, but it posted $0.88, representing a 7.30% surprise. EBITDA for the quarter stood at more than $1.67 billion. KR stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 40.06 billion, with total debt at $20.25 billion. Shareholders hold equity totaling $715.82 million.

Let’s look briefly at The Kroger Co. (KR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 40.20% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.68%.

The stock’s 5-day moving average is $44.53, reflecting a -4.16% or -$1.92 change from its current price. KR is currently trading -2.19% above its 20-day SMA, -6.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.91% and SMA200 by-24.64%.

Stochastic %K and %D was 28.15% and 24.73% and the average true range (ATR) pointed at 0.97. The RSI (14) points at 42.31%, while the 14-day stochastic is at 21.19% with the period’s ATR at 0.99. The stock’s 9-day MACD Oscillator is pointing at -0.57 and -0.77 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for The Kroger Co. (NYSE: KR), Morgan Stanley upgraded it to an Equal-weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for KR stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate KR as a “sell,”, while 12 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $42.00 and a high of $75.00, with their median price target at $54.00. Looking at these predictions, the average price target given by analysts is for The Kroger Co. (KR) stock is $53.56.

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