While Kaiser Aluminum Corp has overperformed by 1.33%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KALU rose by 54.27%, with highs and lows ranging from $95.56 to $53.67, whereas the simple moving average jumped by 23.59% in the last 200 days.
On January 16, 2024, UBS started tracking Kaiser Aluminum Corp (NASDAQ: KALU) recommending Neutral. A report published by JP Morgan on May 08, 2023, Initiated its previous ‘Neutral’ rating for KALU. Wolfe Research also Downgraded KALU shares as ‘Underperform’, setting a target price of $67 on the company’s shares in a report dated April 12, 2023. JP Morgan December 10, 2021d its ‘Neutral’ rating to ‘Underweight’ for KALU, as published in its report on December 10, 2021. Goldman’s report from September 10, 2021 suggests a price prediction of $122 for KALU shares, giving the stock a ‘Sell’ rating. JP Morgan also rated the stock as ‘Neutral’.
Analysis of Kaiser Aluminum Corp (KALU)
Investors in Kaiser Aluminum Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $3.08 per share. Further, the quarter-over-quarter decrease in sales is -8.68%, showing a negative trend in the upcoming months.
One of the most important indicators of Kaiser Aluminum Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 8.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.43, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and KALU is recording 149.85K average volume. On a monthly basis, the volatility of the stock is set at 3.37%, whereas on a weekly basis, it is put at 3.13%, with a loss of -1.86% over the past seven days. Furthermore, long-term investors anticipate a median target price of $73.00, showing decline from the present price of $88.49, which can serve as yet another indication of whether KALU is worth investing in or should be passed over.
How Do You Analyze Kaiser Aluminum Corp Shares?
The Aluminum market is dominated by Kaiser Aluminum Corp (KALU) based in the USA. When comparing Kaiser Aluminum Corp shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 25.60, there is a growth in quarterly earnings of 52.86%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.79%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 100.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
KALU shares are owned by institutional investors to the tune of 100.44% at present.
