Knowles Corporation (NYSE:KN) saw an upside of 1.10% to $16.49 after adding $0.18 on Tuesday. The 5-day average trading volume is 558,159 shares of the company’s common stock. It has gained $16.70 in the past week and touched a new high 2 times within the past 5 days. An average of 615,240 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 520,154.
KN’s 1-month performance is -7.26% or -$0.95 on its low of $15.57 reached on 08/03/23. The company’s shares have touched a 52-week low of $11.57 and high of $20.25, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, KN has achieved 0.43% or $0.02 and has reached a new high 13 times. However, the current price is down -18.57% from the 52-week high price.
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Insider Transactions
KN stock investors last saw insider trading activity on May 18.SHAVERS CHERYL L (Director) most recently sold 12,205 shares at $16.61 per share on May 18. This transaction cost the insider $202,725. SVP, HR & Chief Admin. Officer, Cabrera Raymond D., sold 8,490 shares at a price of $16.36 on May 03.
Valuation Metrics
KN stock has a beta of 1.42. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.18 while the price-to-book (PB) in the most recent quarter is 1.53, with the price to cash flow ratio at 24.22.
Knowles Corporation’s quick ratio for the period ended June 29 was 1.70, with the current ratio over the same period at 3.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.05, while the total debt to equity was 0.05. In terms of profitability, the gross margin trailing 12 months is 38.80%. The trailing 12-month EBITDA margin is 20.44% while for the period ending June 29, Knowles Corporation’s operating margin was -29.70%. The firm’s gross profit as reported stood at $276.3 million against revenue of $764.7 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 1886.03% to $13.6 million, while revenue of -$5.2 million was 138.24% off the previous quarter. Analysts expected KN to announce $0.22 per share in earnings in its latest quarter, but it posted $0.23, representing a 4.50% surprise. EBITDA for the quarter stood at more than $28.1 million. KN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 189.5 million, with total debt at $57.4 million. Shareholders hold equity totaling $91.14 million.
Let’s look briefly at Knowles Corporation (KN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 38.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.38%.
The stock’s 5-day moving average is $16.41, reflecting a +0.18% or $0.03 change from its current price. KN is currently trading -6.38% above its 20-day SMA, -1.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.92% and SMA200 by+18.61%.
Stochastic %K and %D was 32.91% and 31.09% and the average true range (ATR) pointed at 0.40. The RSI (14) points at 39.89%, while the 14-day stochastic is at 40.33% with the period’s ATR at 0.43. The stock’s 9-day MACD Oscillator is pointing at -0.09 and -0.18 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Knowles Corporation (NYSE: KN), ROTH Capital downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for KN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate KN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is KN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $21.00, with their median price target at $20.50. Looking at these predictions, the average price target given by analysts is for Knowles Corporation (KN) stock is $19.50.
