KKR & Co. Inc. (NYSE:KKR) finished Thursday with an addition of $0.74 to close at $62.31, an upside of 1.20 percent. An average of 4,128,720 shares of common stock have been traded in the last five days. There was a gain of $3.07 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,833,270 shares traded, while the 50-day average volume stands at 3,092,128.
KKR stock has increased by 6.35% in the last month. The company shares reached their 1-month lowest point of $55.29 on 07/11/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $41.77 and a high of $63.64 in 52 weeks. It has reached a new high 19 times so far this year and achieved 34.23% or $15.89 in price. In spite of this, the price is down -2.09% from the 52-week high.
Insider Transactions
KKR stock investors should be aware that KKR & Co. Inc. (KKR) stock had its last reported insider trading activity 71 days ago on Jul 21. In this transaction, the insider spent $345,000,000. 10% Owner, KKR Group Partnership L.P., disposed of 15,952,381 shares at a price of $21.00 on May 17. The insider now owns more than $335,000,001 worth of shares. Prior to that, 10% Owner KKR Group Partnership L.P. went on to Sale 7,600,000 shares at $38.83 each on Mar 07. An amount of $295,108,000 was transacted.
Valuation Metrics
KKR & Co. Inc. (KKR) stock’s beta is 1.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.01, the price-to-book (PB) ratio at 2.89.
Financial Health
Further, the company has a long term debt to equity ratio of 2.41 and a total debt to equity ratio of 2.41 for the recent quarter. Its gross profit as reported stood at -$973.43 million compared to revenue of $5.72 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, KKR & Co. Inc.’s return on assets was -0.20%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $844.46 million in the quarter, while revenues of $322.74 million were grew 108.74%. Shareholders own equity worth $857.68 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at KKR & Co. Inc. (KKR) price momentum. RSI 9-day as of the close on 10 August was 67.16%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.65%.
As of today, KKR’s price is $61.41 +5.18% or $3.07 from its 5-day moving average. KKR is currently trading +1.80% higher than its 20-day SMA and +28.63% higher than its 100-day SMA. However, the stock’s current price level is +20.59% above the SMA50 and +34.46% above the SMA200.
The stochastic %K and %D were 64.02% and 60.29%, respectively, and the average true range (ATR) was 1.61. With the 14-day stochastic at 75.46% and the average true range at 1.54, the RSI (14) stands at 64.53%. The stock has reached 1.21 on the 9-day MACD Oscillator while the 14-day reading was at 1.28.
Analyst Ratings
Citigroup launched coverage on KKR & Co. Inc. (NYSE: KKR) in its analyst report released on May 19, 2023. The firm assigned the stock a Buy rating. The consensus rating for KKR & Co. Inc. (KKR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell KKR, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 16 others rate it as a “buy”.
What is KKR’s price target for the next 12 months?
Analysts predict a range of price targets between $63.00 and $91.00, with a median target of $73.50. Taking a look at these predictions, the average price target given by analysts for KKR & Co. Inc. (KKR) stock is $73.13.
