In the last trading session, 1,030,899 shares of the Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) were traded, and its beta was 0.76. Most recently the company’s share price was $28.64, and it changed around $0.17 or 0.01% from the last close, which brings the market valuation of the company to $3.54 Billion. KTOS currently trades at a discount to its 52-week high of $34.11, offering almost -19.1% off that amount. The share price’s 52-week low was $13.34, which indicates that the current value has risen by an impressive 53.42% since then. We note from Kratos Defense & Security Solutions, Inc.’s average daily trading volume that its 10-day average is 2.88 Million shares, with the 3-month average coming to 1.53 Million.
Kratos Defense & Security Solutions, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.6. If we narrow it down even further, the data shows that none out of 10 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 7 recommended KTOS as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Kratos Defense & Security Solutions, Inc. is expected to report earnings per share of $0.04 for the current quarter.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS): Trading Information
Instantly KTOS has showed a green trend with a performance of 0.6% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $29.60 on Tuesday, Mar 30 increased the stock’s daily price by 3.24%. The company’s shares are currently up 0.04% year-to-date, but still up 0.0441 over the last five days. On the other hand, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is 0.19% up in the 30-day period. We can see from the shorts that 4.98 Million shares have been sold at a short interest cover period of 3.25 day (s).
The consensus price target as assigned by Wall Street analysts is $28.44, which translates to bears needing to reduce their stock price by -0.7% from its current value. Analyst projections state that KTOS is forecast to be at a low of $25 and a high of $32. In order for the stock price to hit the forecast high, the stock would need to surge +11.73% from its current level, while the stock would need to crash -12.71% from its current level to reach the projected low.
Kratos Defense & Security Solutions, Inc. (KTOS) projections and forecasts
Kratos Defense & Security Solutions, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +45.97 percent over the past six months and at a 15.15% annual growth rate that is well above the industry average of -3.3%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -55.6% in revenue this quarter, and will report a decline of -12.5% in the next quarter. The year-over-year growth rate is expected to be 11%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $188.8 Million in revenue for the current quarter. 10 analysts expect Kratos Defense & Security Solutions, Inc. to make $196.24 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $168.9 Million and $165.18 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.8%. Forecasts for the next quarter put sales growth at 18.8%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 26.2%. Kratos Defense & Security Solutions, Inc. earnings are expected to increase by 585.7% in 2021, but the outlook is positive 2% per year for the next five years.
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Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 2.19% of Kratos Defense & Security Solutions, Inc. shares, and 91.52% of them are in the hands of institutional investors. The stock currently has a share float of 93.57%. Kratos Defense & Security Solutions, Inc. stock is held by 317 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 7.71% of the shares, which is about 9.52 Million shares worth $261.03 Million.
Vanguard Group, Inc. (The), with 6.99% or 8.63 Million shares worth $236.86 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 27, 2021. The former held 5250054 shares worth $144.38 Million, making up 4.25% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.47 Million shares worth around $95.25 Million, which represents about 2.81% of the total shares outstanding.