KKR & Co. Inc. (NYSE:KKR) saw an upside of 2.69% to close Monday at $61.81 after adding $1.62 on the day. The 5-day average trading volume is 2,769,240 shares of the company’s common stock. It has gained $63.64 in the past week and touched a new high 3 times within the past 5 days. An average of 2,845,870 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,993,284.
KKR’s 1-month performance is 12.65% or $6.94 on its low of $54.70 reached on 07/10/23. The company’s shares have touched a 52-week low of $41.77 and high of $62.44, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, KKR has achieved 33.15% or $15.39 and has reached a new high 19 times. However, the current price is down -1.01% from the 52-week high price.
Insider Transactions
KKR stock investors last saw insider trading activity on Jul 21.KKR Group Partnership L.P. (10% Owner) most recently sold 15,000,000 shares at $23.00 per share on Jun 01. This transaction cost the insider $345,000,000. 10% Owner, KKR Group Partnership L.P., sold 15,952,381 shares at a price of $21.00 on May 17. Then, on Mar 07, 10% Owner KKR Group Partnership L.P. sold 7,600,000 shares at a price of $38.83 per share. This transaction amounted to $295,108,000.
Valuation Metrics
KKR stock has a beta of 1.52. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.96 while the price-to-book (PB) in the most recent quarter is 2.87.
As well, the company’s long term debt to equity for the quarter ending March 30 was 2.41, while the total debt to equity was 2.41. In terms of profitability, the gross margin trailing 12 months is 40.50%. The firm’s gross profit as reported stood at -$973.43 million against revenue of $5.72 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -57.27% to $322.74 million, while revenue of -$4.57 billion was 1515.77% off the previous quarter. Analysts expected KKR to announce $0.74 per share in earnings in its latest quarter, but it posted $0.81, representing a 9.50% surprise. EBITDA for the quarter stood at more than $339.84 million. Shareholders hold equity totaling $863.07 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 07 August was 66.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.56%.
The stock’s 5-day moving average is $59.98, reflecting a +4.09% or $2.43 change from its current price. KKR is currently trading +12.04% above its 20-day SMA, +21.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +25.02% and SMA200 by+33.10%.
Stochastic %K and %D was 45.70% and 32.81% and the average true range (ATR) pointed at 1.60. The RSI (14) points at 64.05%, while the 14-day stochastic is at 66.24% with the period’s ATR at 1.51. The stock’s 9-day MACD Oscillator is pointing at 0.52 and 0.18 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for KKR & Co. Inc. (NYSE: KKR), Citigroup launched coverage with a Buy rating.
