During the last session, Kaleyra Inc. (NYSE:KLR)’s traded shares were 1.48 million, with the beta value of the company hitting 0.55. At the end of the trading day, the stock’s price was $3.24, reflecting an intraday gain of 18.25% or $0.5. The 52-week high for the KLR share is $14.23, that puts it down -339.2 from that peak though still a striking 17.59% gain since the share price plummeted to a 52-week low of $2.67. The company’s market capitalization is $137.47M, and the average intraday trading volume over the past 10 days was 0.56 million shares, and the average trade volume was 330.12K shares over the past three months.
Kaleyra Inc. (KLR) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.80. KLR has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.09.
Kaleyra Inc. (NYSE:KLR) trade information
Kaleyra Inc. (KLR) registered a 18.25% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 18.25% in intraday trading to $3.24 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -50.91%, and it has moved by -42.25% in 30 days. Based on these gigs, the overall price performance for the year is -73.53%. The short interest in Kaleyra Inc. (NYSE:KLR) is 1.73 million shares and it means that shorts have 7.39 day(s) to cover.
The consensus price target of analysts on Wall Street is $12.38, which implies an increase of 73.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.50 and $18.00 respectively. As a result, KLR is trading at a discount of -455.56% off the target high and -100.62% off the low.
Kaleyra Inc. (KLR) estimates and forecasts
Statistics show that Kaleyra Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Kaleyra Inc. (KLR) shares have gone down -74.96% during the last six months, with a year-to-date growth rate more than the industry average at 16.30% against 0.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 40.00% this quarter and then jump 41.20% in the quarter after that. In the rating firms’ projections, revenue will increase 81.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $89.27 million as predicted by 5 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $84.14 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $44.27 million and $41.13 million respectively. In this case, analysts expect current quarter sales to grow by 101.70% and then jump by 104.60% in the coming quarter.
While earnings are projected to return 15.60% in 2022.
Kaleyra Inc. is due to release its next quarterly earnings between February 14 and February 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Kaleyra Inc. (NYSE:KLR)’s Major holders
Kaleyra Inc. insiders own 34.87% of total outstanding shares while institutional holders control 40.46%, with the float percentage being 62.12%. Must Asset Management, Inc. is the largest shareholder of the company, while 74 institutions own stock in it. As of Sep 29, 2021, the company held over 3.29 million shares (or 7.89% of all shares), a total value of $36.19 million in shares.
The next largest institutional holding, with 2.0 million shares, is of Fortress Investment Group LLC’s that is approximately 4.80% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $22.02 million.
Also, the Mutual Funds coming in first place with the largest holdings of Kaleyra Inc. (KLR) shares are Royce Opportunity Fund and Wasatch Micro-Cap Value Fund. Data provided on Sep 29, 2021 indicates that Royce Opportunity Fund owns about 0.69 million shares. This amounts to just over 1.65 percent of the company’s overall shares, with a $7.56 million market value. The same data shows that the other fund manager holds slightly less at 0.62 million, or about 1.49% of the stock, which is worth about $6.82 million.