In today’s recent session, 4,127,624 shares of the Eastman Kodak Company(NYSE:KODK) have been traded, and its beta is 5.37. Most recently the company’s share price was $8.52, and it changed around -$0.54 or -0.06% from the last close, which brings the market valuation of the company to $669.78 Million. KODK at last check was trading at a discount to its 52-week high of $60, offering almost -604.23% off that amount. The share price’s 52-week low was $1.5, which indicates that the recent value has risen by an impressive 82.39% since then. We note from Eastman Kodak Company’s average daily trading volume that its 10-day average is 4.51 Million shares, with the 3-month average coming to 10.22 Million.
Eastman Kodak Company stock received a consensus recommendation rating of Hold, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended KODK as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Eastman Kodak Company is expected to report earnings per share of $0 for the current quarter.
Eastman Kodak Company (NYSE:KODK): Trading Information Today
Although KODK has been showing red trend so far today with a performance of -5.96% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $10.26 on Wednesday, Feb 17 increased the stock’s daily price by 17.64%. The company’s shares are currently up 0.04% year-to-date, but still down -0.1796 over the last five days. On the other hand, Eastman Kodak Company (NYSE:KODK) is -0.11% down in the 30-day period. We can see from the shorts that 9.38 Million shares have been sold at a short interest cover period of 0.92 day(s).
The consensus price target as assigned by Wall Street analysts is $1, which translates to bears needing to reduce their stock price by -88.26% from its current value. Analyst projections state that KODK is forecast to be at a low of $1 and a high of $1. In order for the stock price to hit the forecast high, the stock would need to surge -88.26% from its current level, while the stock would need to crash -88.26% from its current level to reach the projected low.
Eastman Kodak Company (KODK) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 3.3%. Eastman Kodak Company earnings are expected to decrease by -280.1% in 2021, but the outlook is negative -12% per year for the next five years.
Eastman Kodak Company (NYSE:KODK)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 41.12% of Eastman Kodak Company shares, and 20.38% of them are in the hands of institutional investors. The stock currently has a share float of 34.61%. Eastman Kodak Company stock is held by 155 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 3.64% of the shares, which is about 2.81 Million shares worth $22.89 Million.
Southeastern Asset Management Inc/tn/, with 3.29% or 2.53 Million shares worth $20.63 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 29, 2020. The former held 1722136 shares worth $15.19 Million, making up 2.23% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 807.63 Thousand shares worth around $7.12 Million, which represents about 1.05% of the total shares outstanding.