Eastman Kodak Company [KODK] is 11.67% higher this YTD. Is it still time to buy?

Eastman Kodak Company [NYSE: KODK] surged by $0.29 during the normal trading session on Wednesday and reaching a high of $9.70 during the day while it closed the day at $9.09. The company report on February 24, 2021 that Dealmed Partners with Kodak in Licensing Agreement for Infrared Thermometers.

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Medical supply manufacturer and distributor Dealmed announced a licensing agreement with Eastman Kodak Company (NYSE: KODK) for the production of infrared thermometers This partnership represents a significant addition to Dealmed’s rapidly expanding product offering and supply framework.

Dealmed, one of the northeast’s oldest and most reputable medical supply distributors will channel their long-standing relationships and fortified supply lines to bring reliability and dependability to Kodak’s product line.

Eastman Kodak Company stock has also loss -8.46% of its value over the past 7 days. However, KODK stock has inclined by 26.07% in the 3 months of the year. Over the past six months meanwhile, it has gained 29.86% and gained 11.67% year-on date.

The market cap for KODK stock reached $706.66 million, with 64.80 million shares outstanding and 43.71 million shares in the current float. Compared to the average trading volume of 10.27M shares, KODK reached a trading volume of 7296876 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Eastman Kodak Company [KODK]:

The Average True Range (ATR) for Eastman Kodak Company is set at 1.10, with the Price to Sales ratio for KODK stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 6.68, with the Price to Cash per share for the same quarter was set at 2.48.

KODK stock trade performance evaluation

Eastman Kodak Company [KODK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.46. With this latest performance, KODK shares dropped by -4.82% in over the last four-week period, additionally plugging by 29.86% over the last 6 months – not to mention a rise of 182.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KODK stock in for the last two-week period is set at 43.94, with the RSI for the last a single of trading hit 38.68, and the three-weeks RSI is set at 46.87 for Eastman Kodak Company [KODK]. The present Moving Average for the last 50 days of trading for this stock 9.44, while it was recorded at 9.14 for the last single week of trading, and 7.34 for the last 200 days.

Eastman Kodak Company [KODK]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Eastman Kodak Company [KODK] shares currently have an operating margin of -5.31 and a Gross Margin at +14.65. Eastman Kodak Company’s Net Margin is presently recorded at -7.33.

Return on Total Capital for KODK is now -12.90, given the latest momentum, and Return on Invested Capital for the company is -29.69. Return on Equity for this stock declined to -40.35, with Return on Assets sitting at -6.22. When it comes to the capital structure of this company, Eastman Kodak Company [KODK] has a Total Debt to Total Equity ratio set at 60.85. Additionally, KODK Total Debt to Total Capital is recorded at 37.83, with Total Debt to Total Assets ending up at 12.08. Long-Term Debt to Equity for the company is recorded at 158.59, with the Long-Term Debt to Total Capital now at 34.73.

Reflecting on the efficiency of the workforce at the company, Eastman Kodak Company [KODK] managed to generate an average of -$18,488 per employee. Receivables Turnover for the company is 5.56 with a Total Asset Turnover recorded at a value of 0.85.Eastman Kodak Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.10.

Earnings per share (EPS) analysis for Eastman Kodak Company [KODK] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KODK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Eastman Kodak Company go to -12.00%.

Eastman Kodak Company [KODK]: Insider Ownership positions

There are presently around $135 million, or 33.60% of KODK stock, in the hands of institutional investors. The top three institutional holders of KODK stocks are: VANGUARD GROUP INC with ownership of 2,811,933, which is approximately 2.142% of the company’s market cap and around 6.80% of the total institutional ownership; SOUTHEASTERN ASSET MANAGEMENT INC/TN/, holding 2,534,892 shares of the stock with an approximate value of $23.04 million in KODK stocks shares; and BLACKROCK INC., currently with $17.01 million in KODK stock with ownership of nearly 6.057% of the company’s market capitalization.

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Positions in Eastman Kodak Company stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 69 institutional holders increased their position in Eastman Kodak Company [NYSE:KODK] by around 2,987,847 shares. Additionally, 61 investors decreased positions by around 3,703,497 shares, while 26 investors held positions by with 8,154,441 shares. The mentioned changes placed institutional holdings at 14,845,785 shares, according to the latest SEC report filing. KODK stock had 39 new institutional investments in for a total of 764,729 shares, while 34 institutional investors sold positions of 1,696,470 shares during the same period.

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