Kenvue Inc (NYSE:KVUE) finished Thursday with a subtraction of -$0.11 to close at $20.11, a downside of -0.54 percent. An average of 22,507,961 shares of common stock have been traded in the last five days. There was a fall of -$0.73 in the past week. The last 20 days have seen an average of 32,176,711 shares traded, while the 50-day average volume stands at 49,069,566.
KVUE stock has decreased by -12.03% in the last month. The company shares reached their 1-month lowest point of $19.95 on 09/28/23. Shares of the company touched a low of $20.04 and a high of $27.80 in 52 weeks. In spite of this, the price is down -27.65% from the 52-week high.
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Financial Health
The quick ratio of Kenvue Inc for the three months ended June 29 was 0.79, and the current ratio was 1.17, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.71 and a total debt to equity ratio of 0.78 for the quarter ending June 29.
Earnings Surprise
For the three-month period that ended June 29, Kenvue Inc had $7.68 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $430.0 million in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated Kenvue Inc’s latest quarter earnings to come in at $0.3 per share, but it turned out to be $0.32, a 6.70% surprise. For the quarter, EBITDA amounted to $850.0 million. Shareholders own equity worth $1.91 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Kenvue Inc (KVUE) price momentum. RSI 9-day as of the close on 28 September was 27.47%, suggesting the stock is oversold, with historical volatility in this time frame at 13.24%.
As of today, KVUE’s price is $20.47 -3.50% or -$0.73 from its 5-day moving average. KVUE is currently trading -12.83% lower than its 20-day SMA and -24.11% lower than its 100-day SMA. However, the stock’s current price level is -19.56% below the SMA50.
The stochastic %K and %D were 9.20% and 11.75%, respectively, and the average true range (ATR) was 0.57. With the 14-day stochastic at 7.17% and the average true range at 0.61, the RSI (14) stands at 30.50%. The stock has reached -0.37 on the 9-day MACD Oscillator while the 14-day reading was at -0.67.
Analyst Ratings
Deutsche Bank upgraded Kenvue Inc (NYSE: KVUE) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.
