As of Thursday close, KeyCorp’s (NYSE:KEY) stock was up $0.2, moving up 1.80 percent to $11.33. The average number of shares traded per day over the past five days has been 12,301,760 shares. 3 times new highs have been achieved over the past 5 days, with a $0.46 gain in that time frame. In the last twenty days, the average volume was 12,594,795, while in the previous 50 days, it was 17,503,582.
Since last month, KEY stock retreated -4.79%. Shares of the company fell to $10.35 on 08/23/23, 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 -34.96% or -$6.09, and marked a new high 9 times. However, the stock has declined by -44.19% since its 52-week high.
KEY stock investors should be aware that KeyCorp (KEY) stock had its last reported insider trading activity 22 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 7.58. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 1.52, the price-to-book (PB) ratio of 0.93, and the price-to-cash flow ratio of 2.19 may also be considered.
The latest dividend of $0.2050 per share was paid out, remained unchanged from last year’s $0.2050. On Thursday November 17 2022, a $0.01 dividend increase was announced.
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 32.03%, the RSI 9-day stood at 58.30% on 31 August.
With respect to its five-day moving average, the current KeyCorp price is up by +4.23% percent or $0.46. At present, KEY shares trade -5.90% below its 20-day simple moving average and -6.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately +15.14% above its SMA50 and -42.86% below its SMA200.
Stochastic coefficient K was 70.20% and Stochastic coefficient D was 55.90%, while ATR was 0.38. Given the Stochastic reading of 83.76% for the 14-day period, the RSI (14) reading has been calculated as 54.60%. As of today, the MACD Oscillator reading stands at 0.29, while the 14-day reading stands at 0.35.
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.
