As of Friday close, KeyCorp’s (NYSE:KEY) stock was down -$0.12, moving down -1.00 percent to $11.92. The average number of shares traded per day over the past five days has been 13,655,960 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.65 fall in that time frame. In the last twenty days, the average volume was 21,866,039, while in the previous 50 days, it was 20,044,088.
Since last month, KEY stock rose 26.41%. Shares of the company fell to $9.10 on 07/06/23, the lowest level in the past month. A 52-week high of $20.30 was reached on 02/02/23 after having rallying from a 52-week low of $8.53. Since the beginning of this year, KEY’s stock price has dropped by -31.57% or -$5.50, and marked a new high 9 times. However, the stock has declined by -41.28% since its 52-week high.
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KEY stock investors should be aware that KeyCorp (KEY) stock had its last reported insider trading activity 71 days ago on May 26. Brady Amy G., the Chief Information Officer of the company, disposed of 12,627 shares for $9.92 on May 26. It resulted in a $125,260 divestment by the insider. Brady Amy G. sold 12,388 shares at an average price of $10.11 on May 25. The insider now owns 106,733 shares following the transaction. On May 03, Head of Institutional Bank Paine Andrew J III bought 75,000 shares at $9.78 apiece. The transaction was valued at $733,500.
Valuation Metrics
Right now, KeyCorp (KEY) has a P/E ratio of about 7.97. The stock’s beta is 1.26. Besides these, the trailing price-to-sales (P/S) ratio of 1.56, the price-to-book (PB) ratio of 0.93, and the price-to-cash flow ratio of 3.00 may also be considered.
The latest dividend of $0.2050 per share was paid out, remained unchanged from last year’s $0.2050.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.92, and the total debt-to-equity ratio was 1.92. In the year ended June 29, operating margins totaled 57.70%. Based on annual data, KEY earned $4.53 billion in gross profit and brought in $5.41 billion 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 11.90%. Return on equity (ROE) for the past 12 months was 15.60%.
In KeyCorp’s quarter-end financial report for June 29, it reported total debt of $22.07 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected KeyCorp to report $0.31 quarterly earnings, the actual figure was $0.27 per share, beating the consensus estimate by -12.90%. The value of shareholders’ equity is $935.92 million.
Technical Picture
This quick technical analysis looks at KeyCorp’s (KEY) price momentum. With a historical volatility rate of 44.82%, the RSI 9-day stood at 57.58% on 04 August.
With respect to its five-day moving average, the current KeyCorp price is down by -5.17% percent or -$0.65. At present, KEY shares trade +24.30% above its 20-day simple moving average and +4.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.96% above its SMA50 and -29.43% below its SMA200.
Stochastic coefficient K was 62.53% and Stochastic coefficient D was 64.50%, while ATR was 0.53. Given the Stochastic reading of 60.14% for the 14-day period, the RSI (14) reading has been calculated as 59.25%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at 0.07.
Analyst Ratings
JP Morgan upgraded its rating on KeyCorp (NYSE: KEY) to a Neutral in a note to investors on August 02, 2023. The analysts firm previously had an Underweight rating on the stock.KeyCorp (KEY) has been rated Overweight by analysts. According to 2 brokerage firms, KEY is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate KeyCorp stock as buy, with 11 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $10.00 – $18.00. Based on these forecasts, analysts predict KeyCorp (KEY) will achieve an average price target of $12.88.
