As of Friday close, Eastman Kodak Company’s (NYSE:KODK) stock was down -$0.07, moving down -1.45 percent to $4.77. The average number of shares traded per day over the past five days has been 471,080 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.28 fall in that time frame. In the last twenty days, the average volume was 540,390, while in the previous 50 days, it was 738,180.
Since last month, KODK stock retreated -12.80%. Shares of the company fell to $4.71 on 08/09/23, the lowest level in the past month. A 52-week high of $6.95 was reached on 07/12/23 after having rallying from a 52-week low of $2.78. Since the beginning of this year, KODK’s stock price has risen by 56.39% or $1.72, and marked a new high 27 times. However, the stock has declined by -31.37% since its 52-week high.
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KODK stock investors should be aware that Eastman Kodak Company (KODK) stock had its last reported insider trading activity 89 days ago on May 22. Katz Philippe D, the Director of the company, purchased of 3,000 shares for $4.59 on May 22. It resulted in a $13,770 investment by the insider. SILECK MICHAEL added 15,000 shares at an average price of $4.39 on May 19. The insider now owns 74,575 shares following the transaction. On Mar 23, Director Katz Philippe D bought 10,000 shares at $3.85 apiece. The transaction was valued at $38,500.
Valuation Metrics
Right now, Eastman Kodak Company (KODK) has a P/E ratio of about 7.19. The stock’s beta is 3.69. Besides these, the trailing price-to-sales (P/S) ratio of 0.31, the price-to-book (PB) ratio of 0.39.
Financial Health
In the recent quarter, Eastman Kodak Company’s quick ratio stood at 1.40, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.33, and the total debt-to-equity ratio was 0.34. On the profitability front, the trailing twelve-month gross margin is 17.10% percent. In the recent year, operating margins totaled 0.60%. Based on annual data, KODK earned $170.0 million in gross profit and brought in $1.21 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 -2.30%. Return on equity (ROE) for the past 12 months was 6.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KODK’s revenue fell -71.6% to $178.0 million during the quarter, while net income inched up to $169.0 million. During the quarter, the company generated $18.0 million in EBITDA. The liabilities of Eastman Kodak Company were 1.25 billion at the end of its most recent quarter, and its total debt was $367.0 million. The value of shareholders’ equity is $79.47 million.
Technical Picture
This quick technical analysis looks at Eastman Kodak Company’s (KODK) price momentum. With a historical volatility rate of 61.15%, the RSI 9-day stood at 33.83% on 18 August.
With respect to its five-day moving average, the current Eastman Kodak Company price is down by -5.54% percent or -$0.28. At present, KODK shares trade -9.32% below its 20-day simple moving average and +22.62% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.97% below its SMA50 and -10.84% below its SMA200.
Stochastic coefficient K was 12.32% and Stochastic coefficient D was 13.64%, while ATR was 0.21. Given the Stochastic reading of 7.78% for the 14-day period, the RSI (14) reading has been calculated as 38.65%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.20.
