Kenvue Inc. (NYSE:KVUE) saw a downside of -0.68% to close Tuesday at $23.38 after subtracting -$0.16 on the day. The 5-day average trading volume is 17,774,740 shares of the company’s common stock. It has gained $24.43 in the past week and touched a new high 2 times within the past 5 days. An average of 12,872,595 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,885,812.
KVUE’s 1-month performance is -7.41% or -$1.84 on its low of $22.49 reached on 07/20/23. The company’s shares have touched a 52-week low of $22.49 and high of $27.80. However, the current price is down -15.88% from the 52-week high price.
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Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.05 while the price-to-book (PB) in the most recent quarter is 4.06, with the price to cash flow ratio at 21.23.
Kenvue Inc.’s quick ratio for the recent period was 1.00, with the current ratio over the same period at 1.50.. In terms of profitability, the gross margin trailing 12 months is 55.80%. The trailing 12-month EBITDA margin is 22.53%.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to $430.0 million, while revenue of $330.0 million was 23.26% off the previous quarter. EBITDA for the quarter stood at more than $850.0 million. KVUE stock balance sheet for the recent quarter shows that total liabilities totaled 16.5 billion, with total debt at $8.6 billion. Shareholders hold equity totaling $1.91 billion.
Let’s look briefly at Kenvue Inc. (KVUE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 31.75% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.86%.
The stock’s 5-day moving average is $23.67, reflecting a -1.14% or -$0.27 change from its current price. KVUE is currently trading -6.78% above its 20-day SMA. However, the stock’s current price level is away from the SMA50 by -11.20%.
Stochastic %K and %D was 36.25% and 41.96% and the average true range (ATR) pointed at 0.67. The RSI (14) points at 34.32%, while the 14-day stochastic is at 32.48% with the period’s ATR at 0.69. The stock’s 9-day MACD Oscillator is pointing at -0.33 and -0.57 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Kenvue Inc. (NYSE: KVUE), Edward Jones launched coverage with a Buy rating. Analysts offering their rating for KVUE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate KVUE as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 3 have offered a “buy” rating.
