World Kinect Corp [NYSE: WKC] price surged by 1.18 percent to reach at $0.29.
The one-year WKC stock forecast points to a potential upside of 13.9. The average equity rating for WKC stock is currently 2.50, trading closer to a bullish pattern in the stock market.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Guru’s Opinion on World Kinect Corp [WKC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WKC shares is $29.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WKC stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for World Kinect Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 21, 2024. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on November 06, 2023, representing the official price target for World Kinect Corp stock. Previously, the target price had yet another raise to $30, while Raymond James analysts kept a Outperform rating on WKC stock. On June 26, 2023, analysts decreased their price target for WKC shares from 29 to 22.
The Average True Range (ATR) for World Kinect Corp is set at 0.52, with the Price to Sales ratio for WKC stock in the period of the last 12 months amounting to 0.03. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 5.36. Price to Free Cash Flow for WKC in the course of the last twelve months was 12.41 with Quick ratio for the last quarter at 0.97.
WKC Stock Performance Analysis:
World Kinect Corp [WKC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.08. With this latest performance, WKC shares gained by 1.13% in over the last four-week period, additionally plugging by 18.29% over the last 6 months – not to mention a rise of 5.89% 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 WKC stock in for the last two-week period is set at 52.14, with the RSI for the last a single of trading hit 53.17, and the three-weeks RSI is set at 51.64 for World Kinect Corp [WKC]. The present Moving Average for the last 50 days of trading for this stock 25.14, while it was recorded at 24.89 for the last single week of trading, and 22.87 for the last 200 days.
Insight into World Kinect Corp Fundamentals:
World Kinect Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.97 and a Current Ratio set at 1.14.
WKC Stock EPS
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 WKC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for World Kinect Corp go to 5.00%.
World Kinect Corp [WKC] Institutonal Ownership Details
The top three institutional holders of WKC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in WKC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in WKC stock with ownership which is approximately 5.8386%.
