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Friday, November 27, 2020

Eastman Kodak Company (NYSE:KODK) is Holding Steady

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Eastman Kodak Company (KODK) shares are trading at lower $7.21.

To add more color to this target, the company’s high over the last year is $60.00 and the low is $1.50. Over the last 52 weeks, KODK is up 169.03% while the S&P 500 is up 7.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, KODK reported a profit of $21.0 million. Eastman Kodak Company also saw revenues increase to $213.0 million. In addition, KODK has free cash flow of -$73.0 million as of 06-2020. The company’s EBITDA came in at -$9.0 million which compares well with its peers.

KODK booked profit margins of -18.10%, its Return on Equity (ROE) is -377.70%, and its Return on Assets is -15.60%. All told, it is clear that, KODK needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. KODK has a short ratio of 0.41 and outstanding shares of 75.68M.

Company Outlook

KODK has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 6.9 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -4.82. Eastman Kodak Company KODK also noted assets of $1.16 billion at the end of the last quarter. Investors should also keep an eye on sector updates as KODK has historically followed its peers on positive news.

All told, Eastman Kodak Company KODK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KODK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Eastman Kodak Company KODK is now commanding a market cap of 544.93M and a float of 57.17M. KODK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of KODK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in KODK, either long or short, and we have not been compensated for this article.

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