Kalera Public Limited Company [KAL] Revenue clocked in at $4.80 million, down -99.14% YTD: What’s Next?

Kalera Public Limited Company [NASDAQ: KAL] gained 3.98% or 0.01 points to close at $0.09 with a heavy trading volume of 17757347 shares. The company report on November 14, 2022 that Kalera Announces Third Quarter 2022 Financial Results.


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“Although our balance sheet is challenged, we are meeting or exceeding our goals on both the top and bottom lines,” said Jim Leighton, President and Chief Executive Officer of Kalera. “Revenue more than doubled compared to the third quarter of last year and increased sequentially over the second quarter of this year, driven by growing customer relationships, higher volumes, improved product mix and increased sales velocity. In addition, our operational metrics are seeing sustainable progress as we consistently hit yield targets and improve capacity utilization. These metrics are key drivers in achieving our #1 priority of cash flow break-even in our U.S. farms by the end of fiscal 2023.”.

It opened the trading session at $0.0829, the shares rose to $0.094 and dropped to $0.0821, the range by which the price of stock traded the whole day. The daily chart for KAL points out that the company has recorded -99.15% loss over the past six months. However, it is still -28.57% lower than its most recent low trading price.

If we look at the average trading volume of 7.19M shares, KAL reached to a volume of 17757347 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 Kalera Public Limited Company [KAL]:

The Average True Range (ATR) for Kalera Public Limited Company is set at 0.05, with the Price to Sales ratio for KAL stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 0.06, with the Price to Cash per share for the same quarter was set at 0.04.

Trading performance analysis for KAL stock

Kalera Public Limited Company [KAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.54. With this latest performance, KAL shares dropped by -79.95% in over the last four-week period, additionally sinking by -99.15% over the last 6 months – not to mention a drop of -99.13% 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 KAL stock in for the last two-week period is set at 18.12, with the RSI for the last a single of trading hit 17.82, and the three-weeks RSI is set at 21.89 for Kalera Public Limited Company [KAL]. The present Moving Average for the last 50 days of trading for this stock 0.7495, while it was recorded at 0.0875 for the last single week of trading.

Kalera Public Limited Company [KAL]: A deeper dive into fundamental analysis

Return on Equity for this stock declined to -0.53, with Return on Assets sitting at -0.51.

Kalera Public Limited Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.30.

An analysis of insider ownership at Kalera Public Limited Company [KAL]

There are presently around $0 million, or 6.30% of KAL stock, in the hands of institutional investors. The top three institutional holders of KAL stocks are: ARMISTICE CAPITAL, LLC with ownership of 1,839,347, which is approximately New of the company’s market cap and around 1.70% of the total institutional ownership; DEKABANK DEUTSCHE GIROZENTRALE, holding 1,373,689 shares of the stock with an approximate value of $0.12 million in KAL stocks shares; and IFP ADVISORS, INC, currently with $58000.0 in KAL stock with ownership of nearly New of the company’s market capitalization.

Positions in Kalera Public Limited Company stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 17 institutional holders increased their position in Kalera Public Limited Company [NASDAQ:KAL] by around 3,486,640 shares. Additionally, 12 investors decreased positions by around 1,319,403 shares, while 2 investors held positions by with 577,143 shares. The mentioned changes placed institutional holdings at 5,383,186 shares, according to the latest SEC report filing. KAL stock had 12 new institutional investments in for a total of 3,239,064 shares, while 10 institutional investors sold positions of 875,262 shares during the same period.

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