World Kinect Corp (WKC) looking to reclaim success with recent performance

With 0.5 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.52 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $23.67 whereas the lowest price it dropped to was $23.03. The 52-week range on WKC shows that it touched its highest point at $30.65 and its lowest point at $17.69 during that stretch. It currently has a 1-year price target of $27.50. With its current market cap of 1.39 billion, WKC has annualized dividend of $0.56 while the current yield stands at 2.42%. Beta for the stock currently stands at 1.26.

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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 WKC was up-trending over the past week, with a rise of 1.89%, but this was up by 4.70% over a month. Three-month performance surged to 15.75% while six-month performance rose 2.93%. The stock lost -21.61% in the past year, while it has gained 1.62% so far this year. A look at the trailing 12-month EPS for WKC yields 1.75 with Next year EPS estimates of 2.31. For the next quarter, that number is 0.50. This implies an EPS growth rate of -6.00% for this year and 20.34% for next year.


Float and Shares Shorts:

At present, 62.00 million WKC shares are outstanding with a float of 58.36 million shares on hand for trading. On Jan 11, 2024, short shares totaled 5.37 million, which was 8.93% higher than short shares on Dec 14, 2023. In addition to Mr. Michael J. Kasbar as the firm’s Chairman, CEO & President, Mr. Ira M. Birns serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 102.53% of WKC’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WKC 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 WKC analysts setting a high price target of $35.00 and a low target of $21.00, the average target price over the next 12 months is $27.50. Based on these targets, WKC could surge 51.19% to reach the target high and fall by -9.29% to reach the target low. Reaching the average price target will result in a growth of 18.79% from current levels.

Summary of Insider Activity:

Insiders traded WKC stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 897 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 368,651 while 206,296 shares were sold.