Krispy Kreme Inc. (NASDAQ:DNUT) finished Thursday with a subtraction of -$1.97 to close at $12.43, a downside of -13.68 percent. An average of 1,240,500 shares of common stock have been traded in the last five days. There was a fall of -$2.46 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 896,800 shares traded, while the 50-day average volume stands at 1,071,754.
DNUT stock has decreased by -20.93% in the last month. The company shares reached their 1-month lowest point of $12.33 on 08/10/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $10.21 and a high of $16.22 in 52 weeks. It has reached a new high 27 times so far this year and achieved 20.45% or $2.11 in price. In spite of this, the price is down -23.37% from the 52-week high.
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Valuation Metrics
Krispy Kreme Inc. (DNUT) stock’s beta is 1.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.33, the price-to-book (PB) ratio at 1.74.
Financial Health
The quick ratio of Krispy Kreme Inc. for the three months ended March 30 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.65 and a total debt to equity ratio of 0.68 for the quarter ending March 30. Krispy Kreme Inc.’s EBITDA margin for the year ending March 30 is 10.00%, while its operating margin for the same period stands at 1.70%. Its gross profit as reported stood at $1.12 billion compared to revenue of $1.53 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, Krispy Kreme Inc.’s return on assets was -0.60%.
Earnings Surprise
For the three-month period that ended March 30, Krispy Kreme Inc. had $776.98 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$0.3 million in the quarter, while revenues of -$2.72 million were grew 1433.33%. The analyst consensus anticipated Krispy Kreme Inc.’s latest quarter earnings to come in at $0.07 per share, but it turned out to be $0.09, a 28.60% surprise. For the quarter, EBITDA amounted to $42.89 million. Shareholders own equity worth $168.2 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Krispy Kreme Inc. (DNUT) price momentum. RSI 9-day as of the close on 10 August was 8.59%, suggesting the stock is oversold, with historical volatility in this time frame at 67.53%.
As of today, DNUT’s price is $14.17 -16.52% or -$2.46 from its 5-day moving average. DNUT is currently trading -19.60% lower than its 20-day SMA and -12.59% lower than its 100-day SMA. However, the stock’s current price level is -17.02% below the SMA50 and -11.28% below the SMA200.
The stochastic %K and %D were 2.85% and 5.81%, respectively, and the average true range (ATR) was 0.52. With the 14-day stochastic at 2.90% and the average true range at 0.47, the RSI (14) stands at 16.92%. The stock has reached -0.85 on the 9-day MACD Oscillator while the 14-day reading was at -1.21.
Analyst Ratings
Piper Sandler launched coverage on Krispy Kreme Inc. (NASDAQ: DNUT) in its analyst report released on June 14, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Krispy Kreme Inc. (DNUT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DNUT, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is DNUT’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $20.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for Krispy Kreme Inc. (DNUT) stock is $17.33.
