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- 1 K stock price has shown a bearish market trend in its 1-year of time frame which indicated almost 8% of price decline.
- 2 The recent 1-month price performance of K stock showed the opposite market performance with 0.68% of price gain.
Kellogg (K) stock price followed a bearish trend from the last 1-month, as bears showed their activeness in the market. Although bulls have also tried to show their potential dominance. But, against the performance of bears, the stock price mostly traded downside. Though, near the end of June 2023, K stock price started showing bullish sentiments that took its price to trade near its 200-day moving average.
As per the recent price analysis, bears have taken control over K stock price by dropping its stock price.
K Stock Price Analysis
On July 10, 2023, Monday’s trading session, K stock price opened at $67.46, noted high at $67.82 while the low was $66.74. The closing price of stock was $66.99 which lost nearly $0.20 with 0.30% of decline. Last week, the stock showed nearly 0.30% of decline in its price which further showed nearly 5% of price decline, as per the data sourced from TradingView, a web-based social network for traders.
As the above price analysis chart shows, the trading volume in the K stock in the last 1-month was quite good, showing the potential strength of active bears. With their dominance, bears have dropped the stock price whereas the RSI also shows a downside trend.
The analysts have set their 1-year price target at $72.32 which is nearly 7% up from the closing price of K stock. Their maximum estimate is at $83.00 while the minimum estimate is at $62.00, as shown in the above chart.
The Fundamentals of Kellogg Company
Kellogg Company (NYSE: K), an American multinational food manufacturing company, has a market cap of nearly $22.96 Billion. Its earnings per share for the last quarter are $1.10 whereas the estimation was $1.00 which accounts for 10.41% surprise. The revenue for the same period amounts to $4.05 Billion despite the estimated figure of $3.96 Billion.
The estimated EPS for the next quarter is $1.11, and revenue is expected to reach $4.06 Billion.
Kellogg Company’s revenue for the last year is calculated to $15.31 Billion, the most of which, nearly $7.56 Billion came from its highest performing source at the moment, Snacks. Last year, the U.S. became the greatest contributor country to the revenue figure of Kellogg Company with $8.40 Billion.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
