Eastman Kodak Company [NYSE: KODK] gained 27.45% or 2.38 points to close at $11.05 with a heavy trading volume of 25736100 shares. The company report on June 2, 2021 that Kodak Issues Statement Responding to New York Attorney General.
Eastman Kodak Company (NYSE:KODK) issued the following statement in response to the New York Attorney General:.
“This morning the New York Attorney General filed an application in New York state court seeking investigative testimony and documents from Kodak. Prior to this filing, the Company repeatedly offered to make witnesses available and the Attorney General repeatedly declined. It is telling that she has now chosen to publicly seek this order asking for the very testimony in which she previously had no interest.
It opened the trading session at $8.77, the shares rose to $11.26 and dropped to $8.721, the range by which the price of stock traded the whole day. The daily chart for KODK points out that the company has recorded 46.75% gains over the past six months. However, it is still -452.5% lower than its most recent low trading price.
If we look at the average trading volume of 3.71M shares, KODK reached to a volume of 25736100 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Eastman Kodak Company [KODK]:
The Average True Range (ATR) for Eastman Kodak Company is set at 0.67, with the Price to Sales ratio for KODK stock in the period of the last 12 months amounting to 0.82. The Price to Book ratio for the last quarter was 8.25, with the Price to Cash per share for the same quarter was set at 5.26.
Trading performance analysis for KODK stock
Eastman Kodak Company [KODK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 47.14. With this latest performance, KODK shares gained by 51.79% in over the last four-week period, additionally plugging by 46.75% over the last 6 months – not to mention a rise of 318.56% 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 77.23, with the RSI for the last a single of trading hit 82.97, and the three-weeks RSI is set at 71.75 for Eastman Kodak Company [KODK]. The present Moving Average for the last 50 days of trading for this stock 7.50, while it was recorded at 8.95 for the last single week of trading, and 8.27 for the last 200 days.
Eastman Kodak Company [KODK]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Eastman Kodak Company [KODK] shares currently have an operating margin of -5.93 and a Gross Margin at +13.12. Eastman Kodak Company’s Net Margin is presently recorded at -52.87.
Return on Total Capital for KODK is now -15.25, given the latest momentum, and Return on Invested Capital for the company is -140.93. Return on Equity for this stock declined to -198.18, with Return on Assets sitting at -40.86. When it comes to the capital structure of this company, Eastman Kodak Company [KODK] has a Total Debt to Total Equity ratio set at 29.85. Additionally, KODK Total Debt to Total Capital is recorded at 22.99, with Total Debt to Total Assets ending up at 6.41. Long-Term Debt to Equity for the company is recorded at 85.71, with the Long-Term Debt to Total Capital now at 18.97.
Reflecting on the efficiency of the workforce at the company, Eastman Kodak Company [KODK] managed to generate an average of -$120,889 per employee. Receivables Turnover for the company is 5.26 with a Total Asset Turnover recorded at a value of 0.77.Eastman Kodak Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.80.
Eastman Kodak Company [KODK]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Eastman Kodak Company [KODK]
There are presently around $168 million, or 20.90% of KODK stock, in the hands of institutional investors. The top three institutional holders of KODK stocks are: VANGUARD GROUP INC with ownership of 2,777,837, which is approximately -1.213% of the company’s market cap and around 7.60% of the total institutional ownership; SOUTHEASTERN ASSET MANAGEMENT INC/TN/, holding 2,534,892 shares of the stock with an approximate value of $28.01 million in KODK stocks shares; and BLACKROCK INC., currently with $24.11 million in KODK stock with ownership of nearly 16.564% of the company’s market capitalization.
Positions in Eastman Kodak Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 73 institutional holders increased their position in Eastman Kodak Company [NYSE:KODK] by around 2,843,945 shares. Additionally, 59 investors decreased positions by around 2,549,379 shares, while 27 investors held positions by with 9,806,686 shares. The mentioned changes placed institutional holdings at 15,200,010 shares, according to the latest SEC report filing. KODK stock had 36 new institutional investments in for a total of 1,084,125 shares, while 26 institutional investors sold positions of 1,431,223 shares during the same period.