As of Friday close, Kenvue Inc.’s (NYSE:KVUE) stock was down -$0.46, moving down -1.92 percent to $23.53. The average number of shares traded per day over the past five days has been 16,533,221 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.87 fall in that time frame. In the last twenty days, the average volume was 11,299,305, while in the previous 50 days, it was 6,257,078.
Since last month, KVUE stock retreated -8.16%. Shares of the company fell to $22.49 on 07/20/23, the lowest level in the past month. Since the beginning of this year, KVUE’s stock price has dropped by -12.53%. However, the stock has declined by -15.34% since its 52-week high.
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KVUE stock investors should be aware that Kenvue Inc. (KVUE) stock had its last reported insider trading activity 86 days ago on May 11. ALLISON RICHARD E JR, the Director of the company, purchased of 20,000 shares for $26.26 on May 11. It resulted in a $525,232 investment by the insider.
Valuation Metrics
Right now, Kenvue Inc. (KVUE) has a P/E ratio of about 21.29. Besides these, the trailing price-to-sales (P/S) ratio of 2.99, the price-to-book (PB) ratio of 2.22, and the price-to-cash flow ratio of 20.82 may also be considered.
Financial Health
In the three months ended June 29, Kenvue Inc.’s quick ratio stood at 1.00, while its current ratio was 1.50, 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 0.38, and the total debt-to-equity ratio was 0.38. On the profitability front, the trailing twelve-month gross margin is 55.80% percent. In the year ended June 29, operating margins totaled 17.90%.
In Kenvue Inc.’s quarter-end financial report for June 29, it reported total debt of $7.68 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KVUE’s revenue rose 100.0% to $3.85 billion during the quarter, while net income inched up to $4.01 billion. While analysts expected Kenvue Inc. to report $0.3 quarterly earnings, the actual figure was $0.32 per share, beating the consensus estimate by 6.70%. During the quarter, the company generated $850.0 million in EBITDA. The liabilities of Kenvue Inc. were 16.5 billion at the end of its most recent quarter ended June 29, and its total debt was $8.6 billion. The value of shareholders’ equity is $1.91 billion.
Technical Picture
This quick technical analysis looks at Kenvue Inc.’s (KVUE) price momentum. With a historical volatility rate of 31.30%, the RSI 9-day stood at 33.73% on 04 August.
With respect to its five-day moving average, the current Kenvue Inc. price is down by -3.57% percent or -$0.87. At present, KVUE shares trade -6.70% below its 20-day simple moving average. However, the stock is currently trading approximately -9.50% below its SMA50.
Stochastic coefficient K was 45.96% and Stochastic coefficient D was 43.95%, while ATR was 0.75. Given the Stochastic reading of 37.96% for the 14-day period, the RSI (14) reading has been calculated as 35.63%. As of today, the MACD Oscillator reading stands at -0.33, while the 14-day reading stands at -0.46.
Analyst Ratings
Edward Jones launched its rating on Kenvue Inc. (NYSE: KVUE) to a Buy in a note to investors on July 25, 2023. Kenvue Inc. (KVUE) has been rated Overweight by analysts. According to 0 brokerage firms, KVUE is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Kenvue Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $28.50, the current consensus forecast for the stock is $26.00 – $30.00. Based on these forecasts, analysts predict Kenvue Inc. (KVUE) will achieve an average price target of $28.00.
