The stock of Kenvue Inc. (NYSE:KVUE) decreased by -$0.78 on Monday to finish at $22.94, down -3.29 percent. The last five days have seen an average of 49,581,898 shares of common stock traded. The average number of shares traded over the last 20 days was 23,743,625, while the average volume over the last 50 days totaled 11,048,898.
KVUE stock dropped -8.02% since last month. On 07/20/23, the company’s shares reached a one-month low of $22.49. The stock touched a high of $27.80, after rallying from a low of $22.49 in 52 weeks. The price of KVUE stock has declined by -14.72%. Still, the stock price is down -17.47% from the 52-week high.
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Insider Transactions
KVUE stock investors should be aware that Kenvue Inc. (KVUE) stock had its last reported insider trading activity 96 days ago on May 11. On May 11, Director ALLISON RICHARD E JR acquired 20,000 shares at $26.26 each. This transaction resulted in the insider spending $525,232.
Valuation Metrics
Kenvue Inc. (KVUE) has a trailing price-to-earnings (P/E) ratio of 34.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.81, the price-to-book (PB) ratio of 3.82.
Financial Health
For the three months ended June 29, Kenvue Inc.’s quick ratio was 0.80, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.70, and the total debt to equity ratio is 0.76.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 10.60% return on investment (ROI) in the past year.
Earnings Surprise
According to Kenvue Inc.’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 $4.01 billion, while revenues rose by 100.0% to $3.85 billion. It was predicted that Kenvue Inc.’s quarterly earnings would be $0.32, but it ended up being $0.3, beating the consensus by 6.70%. EBITDA was $850.0 million for the quarter. At the end of Kenvue Inc.’s most recent quarter ended June 29, its liabilities totaled 16.5 billion, while its total debt was $8.6 billion. Equity owned by shareholders amounts to $1.91 billion.
Technical Picture
Here’s a quick look at Kenvue Inc.’s (KVUE) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 30.57%, suggesting the stock is Neutral, with a 22.18% historical volatility rate.
The stochastic %K and %D were 16.16% and 18.52% respectively, while the average true range (ATR) was 0.67. Based on the 14-day stochastic reading of 3.78%, the RSI (14) reading is 33.05%. On the 9-day MACD Oscillator, the stock is at -0.18, and the 14-day reading is at -0.40.
Analyst Ratings
In its analyst report released on July 25, 2023, Edward Jones began covering Kenvue Inc. (NYSE: KVUE). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Kenvue Inc. (KVUE) an Overweight rating. KVUE is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is KVUE’s price target for the next 12 months?
The current consensus forecast for the stock is between $26.00 and $30.00, with a median target price of $28.50. In analyzing these forecasts, the average price target given by analysts for Kenvue Inc. (KVUE) is $28.00.
