As of Thursday close, KeyCorp’s (NYSE:KEY) stock was up $0.25, moving up 2.37 percent to $10.78. The average number of shares traded per day over the past five days has been 13,552,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.78 fall in that time frame. In the last twenty days, the average volume was 16,177,745, while in the previous 50 days, it was 18,946,875.
Since last month, KEY stock retreated -5.52%. Shares of the company fell to $10.23 on 07/18/23, the lowest level in the past month. A 52-week high of $20.30 was reached on 02/02/23 after having rallying from a 52-week low of $8.53. Since the beginning of this year, KEY’s stock price has dropped by -38.12% or -$6.64, and marked a new high 9 times. However, the stock has declined by -46.90% since its 52-week high.
KEY stock investors should be aware that KeyCorp (KEY) stock had its last reported insider trading activity 8 days ago on Aug 10. Rankin Devina A, the Director of the company, purchased of 10,000 shares for $11.49 on Aug 10. It resulted in a $114,900 investment by the insider. Brady Amy G. sold 12,627 shares at an average price of $9.92 on May 26. The insider now owns 94,106 shares following the transaction. On May 25, Chief Information Officer Brady Amy G. sold 12,388 shares at $10.11 apiece. The transaction was valued at $125,243.
Valuation Metrics
Right now, KeyCorp (KEY) has a P/E ratio of about 7.21. The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 0.88, and the price-to-cash flow ratio of 2.09 may also be considered.
The latest dividend of $0.2050 per share was paid out, remained unchanged from last year’s $0.2050.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.95, and the total debt-to-equity ratio was 1.95. In the year ended June 29, operating margins totaled 54.70%. Based on annual data, KEY earned $4.53 billion in gross profit and brought in $5.41 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.90%. Return on equity (ROE) for the past 12 months was 12.50%.
In KeyCorp’s quarter-end financial report for June 29, it reported total debt of $22.07 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected KeyCorp to report $0.31 quarterly earnings, the actual figure was $0.27 per share, beating the consensus estimate by -12.90%. The value of shareholders’ equity is $935.92 million.
Technical Picture
This quick technical analysis looks at KeyCorp’s (KEY) price momentum. With a historical volatility rate of 34.79%, the RSI 9-day stood at 37.06% on 17 August.
With respect to its five-day moving average, the current KeyCorp price is down by -6.75% percent or -$0.78. At present, KEY shares trade -9.26% below its 20-day simple moving average and -9.11% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.51% above its SMA50 and -40.44% below its SMA200.
Stochastic coefficient K was 9.40% and Stochastic coefficient D was 7.31%, while ATR was 0.47. Given the Stochastic reading of 16.67% for the 14-day period, the RSI (14) reading has been calculated as 43.54%. As of today, the MACD Oscillator reading stands at -0.64, while the 14-day reading stands at -0.90.
Analyst Ratings
JP Morgan upgraded its rating on KeyCorp (NYSE: KEY) to a Neutral in a note to investors on August 02, 2023. The analysts firm previously had an Underweight rating on the stock.KeyCorp (KEY) has been rated Overweight by analysts. According to 3 brokerage firms, KEY is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate KeyCorp stock as buy, with 11 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $10.00 – $18.00. Based on these forecasts, analysts predict KeyCorp (KEY) will achieve an average price target of $13.06.
