The stock of Knowles Corporation (NYSE:KN) decreased by -$0.02 on Friday to finish at $16.70, down -0.12 percent. The last five days have seen an average of 584,860 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $0.28. The average number of shares traded over the last 20 days was 511,295, while the average volume over the last 50 days totaled 510,320.
KN stock dropped -8.29% since last month. On 08/03/23, the company’s shares reached a one-month low of $15.57. The stock touched a high of $20.25 on 02/02/23, after rallying from a low of $11.57 in 52 weeks. The price of KN stock has risen by 1.71% or $0.28 this year, reaching a new high 13 times. Still, the stock price is down -17.53% from the 52-week high.
Insider Transactions
KN stock investors should be aware that Knowles Corporation (KN) stock had its last reported insider trading activity 88 days ago on May 18. On May 18, Director SHAVERS CHERYL L sold 12,205 shares at $16.61 each. This transaction resulted in the insider making $202,725. On May 03, Cabrera Raymond D. sold 8,490 shares at a price of US$16.36. After the transaction, the insider now owns 89,202 shares. Director Crowley Daniel J had earlier bought 2,000 shares on Nov 02 for $13.97 a share. The transaction was completed for $27,940.
Valuation Metrics
Beta for the stock is 1.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.20, the price-to-book (PB) ratio of 1.55, and the price-to-cash flow ratio of 24.50.
Financial Health
For the three months ended June 29, Knowles Corporation’s quick ratio was 1.70, while its current ratio was 3.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.05, and the total debt to equity ratio is 0.05. As far as profitability goes, gross margin for the trailing twelve months is 38.80% percent. Knowles Corporation’s EBITDA margin for the year ended June 29 was 20.44%, whereas its operating margin stood at -29.70% for the same period. Based on annual data, it had gross profit of $276.3 million and revenue of $764.7 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KN’s return on assets (ROA) during the last 12 months has been -15.80%. There was a -41.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -19.00%.
Earnings Surprise
According to Knowles Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $179.5 million, while revenues fell by -4.74% to $144.3 million. It was predicted that Knowles Corporation’s quarterly earnings would be $0.23, but it ended up being $0.22, beating the consensus by 4.50%. EBITDA was $28.1 million for the quarter. At the end of Knowles Corporation’s most recent quarter ended June 29, its liabilities totaled 189.5 million, while its total debt was $57.4 million. Equity owned by shareholders amounts to $91.14 million.
Technical Picture
Here’s a quick look at Knowles Corporation’s (KN) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 36.92%, suggesting the stock is Neutral, with a 39.06% historical volatility rate.
The stochastic %K and %D were 42.69% and 41.46% respectively, while the average true range (ATR) was 0.57. Based on the 14-day stochastic reading of 38.99%, the RSI (14) reading is 39.97%. On the 9-day MACD Oscillator, the stock is at -0.26, and the 14-day reading is at -0.52.
Analyst Ratings
Knowles Corporation (NYSE: KN) was downgraded by ROTH Capital to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Knowles Corporation (KN) an Overweight rating. KN is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is KN’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.00 and $21.00, with a median target price of $20.50. In analyzing these forecasts, the average price target given by analysts for Knowles Corporation (KN) is $19.50.
