Kenvue Inc [NYSE: KVUE] stock went on a downward path that fall over -1.65% on Friday, amounting to a one-week price increase of more than 2.77%.
Over the last 12 months, KVUE stock dropped by -29.27%. The one-year Kenvue Inc stock forecast points to a potential upside of 17.2. The average equity rating for KVUE stock is currently 2.24, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $35.48 billion, with 1.92 billion shares outstanding and 1.91 billion shares in the current float. Compared to the average trading volume of 19.93M shares, KVUE stock reached a trading volume of 63096935 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Kenvue Inc [KVUE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KVUE shares is $22.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KVUE stock is a recommendation set at 2.24. 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.
Citigroup have made an estimate for Kenvue Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 28, 2024. While these analysts kept the previous recommendation, Bernstein raised their target price to Underperform. The new note on the price target was released on April 11, 2024, representing the official price target for Kenvue Inc stock.
The Average True Range (ATR) for Kenvue Inc is set at 0.45, with the Price to Sales ratio for KVUE stock in the period of the last 12 months amounting to 2.29. The Price to Book ratio for the last quarter was 3.34, with the Price to Cash per share for the same quarter was set at 0.60. Price to Free Cash Flow for KVUE in the course of the last twelve months was 17.01 with Quick ratio for the last quarter at 0.68.
KVUE Stock Performance Analysis:
Kenvue Inc [KVUE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.77. With this latest performance, KVUE shares dropped by -7.21% in over the last four-week period, additionally sinking by -13.69% over the last 6 months – not to mention a drop of -29.27% 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 KVUE stock in for the last two-week period is set at 43.74, with the RSI for the last a single of trading hit 45.45, and the three-weeks RSI is set at 43.47 for Kenvue Inc [KVUE]. The present Moving Average for the last 50 days of trading for this stock 19.29, while it was recorded at 18.55 for the last single week of trading, and 20.03 for the last 200 days.
Insight into Kenvue Inc Fundamentals:
Kenvue Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.68 and a Current Ratio set at 0.99.
KVUE 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 KVUE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kenvue Inc go to 1.34%.
Kenvue Inc [KVUE] Institutonal Ownership Details
The top three institutional holders of KVUE 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 KVUE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in KVUE stock with ownership which is approximately 5.8386%.
