Holdings of Kaleyra Inc. (KLR) are aligned with the stars

With 24507.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.27 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $6.80 whereas the lowest price it dropped to was $6.77. The 52-week range on KLR shows that it touched its highest point at $7.00 and its lowest point at $1.57 during that stretch. It currently has a 1-year price target of $7.17. Beta for the stock currently stands at 1.79.

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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 KLR was down-trending over the past week, with a drop of -0.44%, but this was up by 0.89% over a month. Three-month performance surged to 54.55% while six-month performance rose 234.98%. The stock gained 23.75% in the past year, while it has gained 157.30% so far this year. A look at the trailing 12-month EPS for KLR yields -6.85 with Next year EPS estimates of -0.27. For the next quarter, that number is -0.42. This implies an EPS growth rate of -144.60% for this year and 86.50% for next year.

Float and Shares Shorts:

At present, 13.26 million KLR shares are outstanding with a float of 9.21 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.16 million, which was 1.22% higher than short shares on Jul 30, 2023. In addition to Dr. Avishay S. Katz Ph.D. as the firm’s Independent Chairman & Sec., Mr. Dario Calogero serves as its Founder, CEO, Pres & Director.

Institutional Ownership:

Through their ownership of 20.89% of KLR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 33.98% of KLR, in contrast to 14.02% held by mutual funds. Shares owned by individuals account for 1.89%. As the largest shareholder in KLR with 2.80% of the stake, North Run Capital LP holds 373,130 shares worth 373,130. A second-largest stockholder of KLR, Bank of America, NA, holds 268,355 shares, controlling over 2.01% of the firm’s shares. Blackstone Alternative Credit Adv is the third largest shareholder in KLR, holding 255,618 shares or 1.92% stake. With a 0.80% stake in KLR, the IQ Merger Arbitrage ETF is the largest stakeholder. A total of 106,813 shares are owned by the mutual fund manager. The Bridgeway Ultra Small Company Mar, which owns about 0.51% of KLR stock, is the second-largest Mutual Fund holder. It holds 67,400 shares valued at 0.46 million. Growth Opportunities o.p.f. holds 0.28% of the stake in KLR, owning 37,989 shares worth 0.26 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 Jun 29, 2023, KLR reported revenue of $81.11M and operating income of -$11.44M. The EBITDA in the recently reported quarter was -$5.46M and diluted EPS was -$1.28.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KLR 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 KLR analysts setting a high price target of $7.25 and a low target of $7.25, the average target price over the next 12 months is $7.25. Based on these targets, KLR could surge 6.62% to reach the target high and rise by 6.62% to reach the target low. Reaching the average price target will result in a growth of 6.62% 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 KLR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 1,172,290 while 484,564 shares were sold.

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