Posted on July 21, 2022
Kodak stock gains 1% in down market after taking stake EV battery \\\’incredibly cell\\\’ manufacturer
hares of Eastman Kodak Co. KODK, +1.64% climbed 1.0 %in early morning trading Wednesday, to buck the selloff in the broader stock market, after the industrial print and advanced products firm said it took a minority risk in a manufacturer of elements for batteries utilized for electrical cars. Financial terms were not divulged, but Kodak claimed it took the stake in Wildcat Exploration Technologies, which is establishing an EV “incredibly cell” that can give higher than 90% enhancement in energy density over existing batteries. Kodak said the investment it made includes the objective of having Wildcat’s “very cell” ready for commercialization in 2 years. “This financial investment in Wildcat reflects Kodak’s commitment to constructing new organizations by leveraging our existing abilities and also facilities,” claimed Kodak President Jim Continenza. “Covering substrates is a crucial element of making batteries as well as nobody is better at finish than Kodak.” Kodak’s stock has actually obtained 7.3% year to date. The S&P 500 SPX, +1.92%, which was down 1.0% early Wednesday, has actually gone down 20.7% this year.
Eastman Kodak Co. stock increases Friday, still underperforms market
The kodak stock price today , +1.64% climbed 1.64% to$ 4.96 Friday, on what verified to be an all-around beneficial trading session for the securities market, with the NASDAQ Composite Index COMP, +1.79% increasing 1.79% to 11,452.42 and the Dow Jones Industrial Average DJIA, +2.15% rising 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 except its 52-week high ($ 7.92), which the business accomplished on August 3rd.
The stock exceeded several of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% climbed 0.94% to$ 22.62, HP Inc. HPQ, +1.54% climbed 1.54% to $31.66, and also FUJIFILM Holdings Corp. ADR FUJIY, +0.99% increased 0.99% to $53.16. Trading volume (739,475) remained 403,162 listed below its 50-day ordinary volume of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Listed Below 50-Day Relocating Standard of $4.83.
Eastman Kodak (NYSE: KODK– Obtain Rating)’s stock rate went across below its 50 day relocating average during trading on Monday. The stock has a 50 day relocating standard of $4.83 and traded as reduced as $4.70. Eastman Kodak shares last traded at $4.78, with a quantity of 1,025,146 shares altering hands.
A number of equities research analysts have lately issued reports on KODK shares. StockNews.com began protection on Eastman Kodak in a research study record on Thursday, March 31st. They established a “sell” score on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” ranking to a “d” ranking in a study note on Friday, May 27th.
The business has a fifty day relocating typical cost of $4.83 and a two-hundred day moving ordinary rate of $4.97. The firm has a market cap of $377.24 million, a PE proportion of 239.00 and also a beta of 4.61. The firm has a debt-to-equity proportion of 0.33, a current proportion of 2.37 and a quick proportion of 1.63.
Eastman Kodak (NYSE: KODK– Obtain Rating) last uploaded its quarterly earnings outcomes on Tuesday, May 10th. The modern technology firm reported ($ 0.08) profits per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and also a web margin of 1.28%. The company had revenue of $290.00 million during the quarter.
Numerous institutional capitalists have actually just recently dealt shares of the company. Amalgamated Financial institution got a brand-new stake in Eastman Kodak during the very first quarter valued at $47,000. PNC Financial Services Team Inc. elevated its stake in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Solutions Team Inc. currently owns 8,000 shares of the modern technology business’s stock worth $52,000 after acquiring an added 6,600 shares in the last quarter. Qube Research & Technologies Ltd obtained a brand-new stake in shares of Eastman Kodak throughout the 4th quarter valued at concerning $57,000. Commonwealth Equity Providers LLC purchased a new risk in shares of Eastman Kodak in the 1st quarter valued at approximately $69,000. Lastly, Sign Pointe Advisors LLC obtained a new placement in Eastman Kodak in the initial quarter worth approximately $83,000. Institutional investors as well as hedge funds very own 44.78% of the business’s stock.
Regarding Eastman Kodak (NYSE: KODK).
Eastman Kodak Firm provides hardware, software, consumables, and services to customers in the commercial print, product packaging, publishing, manufacturing, as well as entertainment markets worldwide. The business runs via Traditional Printing, Digital Printing, Advanced Products as well as Chemicals, and also Brand.