KeyCorp (NYSE:KEY) finished Thursday with an addition of $0.12 to close at $10.87, an upside of 1.12 percent. An average of 13,652,280 shares of common stock have been traded in the last five days. There was a gain of $0.09 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 13,175,945 shares traded, while the 50-day average volume stands at 18,129,570.
KEY stock has decreased by -12.48% in the last month. The company shares reached their 1-month lowest point of $10.35 on 08/23/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $8.53 and a high of $20.30 in 52 weeks. It has reached a new high 9 times so far this year and lost -37.60% or -$6.55 in price. In spite of this, the price is down -46.45% from the 52-week high.
Insider Transactions
KEY stock investors should be aware that KeyCorp (KEY) stock had its last reported insider trading activity 91 days ago on Aug 10. In this transaction, the insider spent $125,260. Chief Information Officer, Brady Amy G., disposed of 12,388 shares at a price of $10.11 on May 25. The insider now owns more than $125,243 worth of shares. Prior to that, Chief Information Officer Brady Amy G. went on to Sale 45,000 shares at $15.58 each on Mar 10. An amount of $701,100 was transacted.
Valuation Metrics
KeyCorp (KEY) has a trailing price-to-earnings (P/E) ratio of 7.27. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.45, the price-to-book (PB) ratio at 0.89, and the price-to-cash flow ratio at 2.09.
Financial Health
Further, the company has a long term debt to equity ratio of 1.95 and a total debt to equity ratio of 1.95 for the quarter ending June 29. Its gross profit as reported stood at $4.53 billion compared to revenue of $5.41 billion.
Earnings Surprise
For the three-month period that ended June 29, KeyCorp had $22.07 billion in total debt. The analyst consensus anticipated KeyCorp’s latest quarter earnings to come in at $0.31 per share, but it turned out to be $0.27, a -12.90% surprise. At the end of the quarter ending June 29, KeyCorp’s stock balance sheet showed total debt was $32.27 billion. Shareholders own equity worth $935.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at KeyCorp (KEY) price momentum. RSI 9-day as of the close on 24 August was 44.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.52%.
As of today, KEY’s price is $10.76 +0.83% or $0.09 from its 5-day moving average. KEY is currently trading -11.34% lower than its 20-day SMA and -13.18% lower than its 100-day SMA. However, the stock’s current price level is +3.72% above the SMA50 and -40.37% below the SMA200.
The stochastic %K and %D were 18.05% and 17.86%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 29.30% and the average true range at 0.46, the RSI (14) stands at 46.78%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.41.
Analyst Ratings
JP Morgan upgraded KeyCorp (NYSE: KEY) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for KeyCorp (KEY) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell KEY, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 others rate it as a “buy”.
What is KEY’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $18.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for KeyCorp (KEY) stock is $13.06.
