As of Wednesday close, KeyCorp’s (NYSE:KEY) stock was down -$0.19, moving down -1.69 percent to $11.04. The average number of shares traded per day over the past five days has been 13,087,101 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.39 fall in that time frame. In the last twenty days, the average volume was 13,096,195, while in the previous 50 days, it was 16,150,654.
Since last month, KEY stock rose 1.38%. 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 -36.62% or -$6.38, and marked a new high 9 times. However, the stock has declined by -45.62% since its 52-week high.
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KEY stock investors should be aware that KeyCorp (KEY) stock had its last reported insider trading activity 42 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 7.38. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 1.47, the price-to-book (PB) ratio of 0.90, and the price-to-cash flow ratio of 2.12 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 recent quarter was 1.95, and the total debt-to-equity ratio was 1.95. In the recent year, 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%.
Technical Picture
This quick technical analysis looks at KeyCorp’s (KEY) price momentum. With a historical volatility rate of 41.13%, the RSI 9-day stood at 42.89% on 20 September.
With respect to its five-day moving average, the current KeyCorp price is down by -3.41% percent or -$0.39. At present, KEY shares trade +5.75% above its 20-day simple moving average and +0.82% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.29% above its SMA50 and -41.03% below its SMA200.
Stochastic coefficient K was 37.94% and Stochastic coefficient D was 54.61%, while ATR was 0.42. Given the Stochastic reading of 23.43% for the 14-day period, the RSI (14) reading has been calculated as 46.38%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -0.14.
Analyst Ratings
Piper Sandler upgraded its rating on KeyCorp (NYSE: KEY) to an Overweight in a note to investors on September 15, 2023. The analysts firm previously had a Neutral rating on the stock.KeyCorp (KEY) has been rated Overweight by analysts. According to 3 brokerage firms, KEY is a sell, and 7 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 12 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 $13.13.
