Eastman Kodak Co. (KODK) saw an uptrend of 4.13% in the recent trading with $5.04 being its most recent. The current price level -20.53% lower than the highest price of $6.34 marked by the stock while trading over the past 52-weeks, whereas it is 58.99% higher than the lowest price of $3.17 the company dropped to over past 52-weeks. The latest news story on KODK appeared in (Reuters) under the title “Two plead guilty to insider trading in Kodak before Trump loan announcement”.
Squeezing the time span to 30 day period shows us the stock is currently trading -10.80% below one month high and is +12.50% above of the lowest during that time. Looking into the simple moving average, Eastman Kodak Co. (KODK)’s stock stands at a SMA-50 of $4.20 while that of 5-day is reading $4.90.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and KODK’s SMA-200 as of now is $4.28.
Eastman Kodak Co. Earnings – What Happened With KODK
Coming around sales and income figures on KODK Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
KODK – Eastman Kodak Co. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 79.60 million. KODK does have institutional investors; and they hold 45.64% of the stock.
Eastman Kodak Co. – Insider Activity and Holdings
As on Dec 30, 2023, Blackrock Inc. was the top most holder in Eastman Kodak Co. (NYSE:KODK) with an ownership of 4.2 million shares of the company or 5.26% of the stake worth $21.19 million. The filing also reveals Vanguard Group Inc as the second largest holder in the company with a control over 4.88% of the outstanding shares. Its stake is worth $19.65 million for having 3.9 million shares in hand.
Kennedy Lewis Management LP also came holding a key position in the company during the recent quarter and it now holds 4.61% of the outstanding shares. With this there are now 169 institutions which have possession in KODK’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Eastman Kodak Co. has a debt to equity ratio of 0.43.
Technical Analysis of Eastman Kodak Co. (NYSE:KODK) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Eastman Kodak Co. (KODK), we notice that the stock’s 20-day average volume is at 1,128,345 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 1,484,954 shares. And to end, KODK’s 100-day average volume is 1,034,892 shares with 50% of the long-term indicators pointing towards Buy for the stock.
