Eastman Kodak Company (NYSE: KODK) stock jumped 1.06% on Tuesday to $4.76 against a previous-day closing price of $4.71. With 1.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.56 million shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $4.9600 whereas the lowest price it dropped to was $4.6800. The 52-week range on KODK shows that it touched its highest point at $7.24 and its lowest point at $2.78 during that stretch. Beta for the stock currently stands at 3.71.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KODK was up-trending over the past week, with a rise of 20.81%, but this was up by 43.81% over a month. Three-month performance surged to 33.33% while six-month performance rose 5.54%. The stock gained 9.68% in the past year, while it has gained 56.07% so far this year. EPS is expected to decline by -12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -38.90%.
Float and Shares Shorts:
At present, 79.10 million KODK shares are outstanding with a float of 55.61 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.04 million, which was 5.09% higher than short shares on Mar 30, 2023. In addition to Mr. James V. Continenza as the firm’s Exec. Chairman & CEO, Mr. David Edward Bullwinkle CPA, M.B.A. serves as its CFO, Pres of Eastman Bus. Park & Sr. VP.
Through their ownership of 30.83% of KODK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 58.49% of KODK, in contrast to 17.44% held by mutual funds. Shares owned by individuals account for 12.87%. As the largest shareholder in KODK with 4.76% of the stake, The Vanguard Group, Inc. holds 3,769,736 shares worth 3,769,736. A second-largest stockholder of KODK, BlackRock Fund Advisors, holds 3,685,294 shares, controlling over 4.66% of the firm’s shares. Kennedy Lewis Management LP is the third largest shareholder in KODK, holding 3,684,872 shares or 4.66% stake. With a 2.62% stake in KODK, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 2,070,366 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.55% of KODK stock, is the second-largest Mutual Fund holder. It holds 1,226,725 shares valued at 4.04 million. Vanguard Extended Market Index Fu holds 1.26% of the stake in KODK, owning 999,756 shares worth 3.29 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, KODK reported revenue of $321.00M and operating income of $1.00M. The EBITDA in the recently reported quarter was $34.00M and diluted EPS was $0.19.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KODK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KODK analysts setting a high price target of $1.00 and a low target of $1.00, the average target price over the next 12 months is $1.00. Based on these targets, KODK could drop -78.99% to reach the target high and fall by -78.99% to reach the target low. Reaching the average price target will result in a decline of -78.99% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded KODK stock several times over the past three months with 3 Buys and 1 Sells. In these transactions, 205,000 shares were bought while 2,068 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 205,000 while 2,068 shares were sold.