Kinetik Holdings Inc [NYSE: KNTK] gained 0.39% or 0.23 points to close at $59.65 with a heavy trading volume of 439055 shares.
The daily chart for KNTK points out that the company has recorded 41.45% gains over the past six months.
If we look at the average trading volume of 543.86K shares, KNTK reached to a volume of 439055 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 Kinetik Holdings Inc [KNTK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KNTK shares is $56.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KNTK stock is a recommendation set at 2.09. 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.
Barclays have made an estimate for Kinetik Holdings Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on July 10, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on April 22, 2024, representing the official price target for Kinetik Holdings Inc stock. Previously, the target price had yet another raise to $40, while RBC Capital Mkts analysts kept a Outperform rating on KNTK stock. On March 08, 2024, analysts increased their price target for KNTK shares from 38 to 40.
The Average True Range (ATR) for Kinetik Holdings Inc is set at 1.65, with the Price to Sales ratio for KNTK stock in the period of the last 12 months amounting to 6.28. Price to Free Cash Flow for KNTK in the course of the last twelve months was 21.72 with Quick ratio for the last quarter at 0.72.
Trading performance analysis for KNTK stock
Kinetik Holdings Inc [KNTK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.18. With this latest performance, KNTK shares gained by 2.49% in over the last four-week period, additionally plugging by 41.45% over the last 6 months – not to mention a rise of 74.82% 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 KNTK stock in for the last two-week period is set at 59.97, with the RSI for the last a single of trading hit 63.25, and the three-weeks RSI is set at 58.94 for Kinetik Holdings Inc [KNTK]. The present Moving Average for the last 50 days of trading for this stock 56.44, while it was recorded at 59.19 for the last single week of trading, and 45.91 for the last 200 days.
Kinetik Holdings Inc [KNTK]: A deeper dive into fundamental analysis
Kinetik Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.72 and a Current Ratio set at 0.72.
Kinetik Holdings Inc [KNTK]: 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 KNTK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Kinetik Holdings Inc go to 15.00%.
An analysis of Institutional ownership at Kinetik Holdings Inc [KNTK]
There are presently around $86.39%, or 104.12%% of KNTK stock, in the hands of institutional investors.
