In the latest trading session, 1,307,417 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) shares changed hands as the company’s beta touched 0.76. With the company’s most recent per share price at $28.8 changing hands around $1.37 or 0.05% at last look, the market valuation stands at $3.62 Billion. KTOS’s current price is a discount, trading about -18.44% off its 52-week high of $34.11. The share price had its 52-week low at $12.78, which suggests the recent value is55.63% up since then. When we look at Kratos Defense & Security Solutions, Inc.’s average trading volume, we note the 10-day average is 1.59 Million shares, with the 3-month average coming to 1.45 Million.
Analysts gave the Kratos Defense & Security Solutions, Inc. (KTOS) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.6. If we narrow down to specifics, the data shows that none out of 10 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 7 recommended KTOS as a Hold, 3 felt it is a Buy and none rated the stock as Underweight. Kratos Defense & Security Solutions, Inc.’s EPS for the current quarter is expected to be $0.04.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) trade information
Instantly KTOS is in green as seen in intraday trades today. With action 4.98%, the performance over the past five days has been green. The jump to weekly highs of $28.85 on Tuesday, Mar 30 added 1.3% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.04%, with the 5-day performance at 0.13% in the green. However, in the 30-day time frame, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is 0.04% up. Looking at the short shares, we see there were 4.98 Million shares sold at short interest cover period of 3.43 days.
The consensus price target for the stock as assigned by Wall Street analysts is $28.44, meaning bulls need a downside of -1.25% from its recent market value. According to analyst projections, KTOS’s forecast low is $25 with $32 as the target high. To hit the forecast high, the stock’s price needs a +11.11% upsurge from its latest level, while the stock would need to tank -13.19% for it to hit the projected low.
Kratos Defense & Security Solutions, Inc. (KTOS) estimates and forecasts
Data shows that the Kratos Defense & Security Solutions, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +44.14% over the past 6 months, a 15.15% in annual growth rate that is considerably higher than the industry average of -3.1%. But despite this, analysts have looked to lower expectations by downgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Kratos Defense & Security Solutions, Inc. will drop -55.6%, while the growth in revenue is estimated to hit -12.5% for the next quarter. Year-over-year growth is forecast to reach 11% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of $188.8 Million. 10 analysts are of the opinion that Kratos Defense & Security Solutions, Inc.’s revenue for the quarter ending June 01, 2021 will be $196.24 Million. The company’s revenue for the corresponding quarters a year ago was $168.9 Million and $165.18 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.8%. The estimates for the next quarter sales put growth at 18.8%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 26.2%. The 2021 estimates are for Kratos Defense & Security Solutions, Inc. earnings to increase by 585.7%, but the outlook for the next 5-year period is at 2% per year.
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Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.23% of Kratos Defense & Security Solutions, Inc. shares while 91.5% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 93.59%. There are 317 institutions holding the Kratos Defense & Security Solutions, Inc. stock share, with Blackrock Inc. the top institutional holder. As of Dec 30, 2020, the company held 7.71% of the shares, roughly 9.52 Million KTOS shares worth $261.03 Million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 6.99% or 8.63 Million shares worth $236.86 Million as of Dec 30, 2020.
Among Mutual Funds, the top two as of Feb 27, 2021 were ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and Vanguard Total Stock Market Index Fund. With 5250054 shares estimated at $144.38 Million under it, the former controlled 4.25% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.81% of the shares, roughly 3.47 Million shares worth around $95.25 Million.