Kenvue Inc (NYSE:KVUE) saw an upside of 1.36% to close Monday at $20.83 after adding $0.28 on the day. The 5-day average trading volume is 17,702,340 shares of the company’s common stock. It has gained $21.40 in the past week and touched a new high 2 times within the past 5 days. An average of 34,853,375 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 47,567,410.
KVUE’s 1-month performance is -11.96% or -$2.14 on its low of $20.38 reached on 09/08/23. The company’s shares have touched a 52-week low of $20.38 and high of $27.80. However, the current price is down -25.06% from the 52-week high price.
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Valuation Metrics
Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 3.61.
Kenvue Inc’s quick ratio for the period ended June 29 was 0.79, with the current ratio over the same period at 1.17. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.71, while the total debt to equity was 0.78. The trailing 12-month EBITDA margin is 22.53%.
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 100.0% to $430.0 million, while revenue of $330.0 million was 23.26% off the previous quarter. Analysts expected KVUE to announce $0.3 per share in earnings in its latest quarter, but it posted $0.32, representing a 6.70% surprise. EBITDA for the quarter stood at more than $850.0 million. KVUE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 16.5 billion, with total debt at $8.6 billion. Shareholders hold equity totaling $1.91 billion.
Let’s look briefly at Kenvue Inc (KVUE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 36.44% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.12%.
The stock’s 5-day moving average is $20.83, reflecting a -1.19% or -$0.25 change from its current price. KVUE is currently trading -9.32% above its 20-day SMA. However, the stock’s current price level is away from the SMA50 by -16.48%.
Stochastic %K and %D was 13.98% and 15.35% and the average true range (ATR) pointed at 0.61. The RSI (14) points at 36.21%, while the 14-day stochastic is at 19.49% with the period’s ATR at 0.64. The stock’s 9-day MACD Oscillator is pointing at -0.35 and -0.52 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Kenvue Inc (NYSE: KVUE), Deutsche Bank upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for KVUE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate KVUE as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is KVUE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $26.00 and a high of $30.00, with their median price target at $28.00. Looking at these predictions, the average price target given by analysts is for Kenvue Inc (KVUE) stock is $27.90.
