Posted on July 13, 2022
Kodak stock gains 1% in down market after taking risk EV battery \\\\\\\’incredibly cell\\\\\\\’ manufacturer
hares of Eastman Kodak Co. KODK, +1.64% climbed up 1.0 %in early morning trading Wednesday, to throw the selloff in the broader securities market, after the commercial print and also innovative products company claimed it took a minority risk in a manufacturer of parts for batteries made use of for electric lorries. Financial terms were not revealed, however Kodak claimed it took the stake in Wildcat Exploration Technologies, which is creating an EV “extremely cell” that can offer greater than 90% renovation in energy density over existing batteries. Kodak stated the financial investment it made comes with the goal of having Wildcat’s “super cell” ready for commercialization in two years. “This investment in Wildcat reflects Kodak’s commitment to building new organizations by leveraging our existing skills as well as infrastructure,” stated Kodak Chief Executive Jim Continenza. “Coating substrates is a crucial aspect of manufacturing batteries and also no one is much better at finish than Kodak.” Kodak’s stock has gotten 7.3% year to day. The S&P 500 SPX, +1.92%, which was down 1.0% very early Wednesday, has actually gone down 20.7% this year.
Eastman Kodak Co. stock rises Friday, still underperforms market
The eastman kodak stock price today , +1.64% increased 1.64% to$ 4.96 Friday, on what proved to be a well-rounded desirable trading session for the securities market, with the NASDAQ Composite Index COMP, +1.79% climbing 1.79% to 11,452.42 and also the Dow Jones Industrial Standard DJIA, +2.15% increasing 2.15% to 31,288.26. Eastman Kodak Co. shut $2.96 except its 52-week high ($ 7.92), which the firm accomplished on August 3rd.
The stock outperformed some of its rivals Friday, as Canon Inc. ADR CAJ, +0.94% increased 0.94% to$ 22.62, HP Inc. HPQ, +1.54% increased 1.54% to $31.66, and FUJIFILM Holdings Corp. ADR FUJIY, +0.99% increased 0.99% to $53.16. Trading quantity (739,475) continued to be 403,162 below its 50-day ordinary quantity of 1.1 M.
Eastman Kodak (NYSE: KODK) Stock Passes Listed Below 50-Day Moving Average of $4.83.
Eastman Kodak (NYSE: KODK– Obtain Score)’s stock rate went across listed below its 50 day moving average during trading on Monday. The stock has a 50 day moving standard of $4.83 as well as traded as low as $4.70. Eastman Kodak shares last traded at $4.78, with a volume of 1,025,146 shares changing hands.
A number of equities research analysts have actually lately released records on KODK shares. StockNews.com started protection on Eastman Kodak in a study report on Thursday, March 31st. They set a “sell” ranking on the stock. TheStreet decreased shares of Eastman Kodak from a “c-” ranking to a “d” rating in a research note on Friday, May 27th.
Business has a fifty day relocating typical price of $4.83 and also a two-hundred day moving ordinary price of $4.97. The firm has a market cap of $377.24 million, a PE ratio of 239.00 as well as a beta of 4.61. The firm has a debt-to-equity proportion of 0.33, a present proportion of 2.37 and a fast proportion of 1.63.
Eastman Kodak (NYSE: KODK– Get Rating) last posted its quarterly profits results on Tuesday, May 10th. The modern technology company reported ($ 0.08) revenues per share (EPS) for the quarter. Eastman Kodak had a return on equity of 3.27% and a net margin of 1.28%. The firm had revenue of $290.00 million throughout the quarter.
Numerous institutional investors have actually recently dealt shares of the firm. Amalgamated Bank obtained a new risk in Eastman Kodak during the very first quarter valued at $47,000. PNC Financial Solutions Team Inc. elevated its risk in shares of Eastman Kodak by 471.4% throughout the 1st quarter. PNC Financial Services Group Inc. currently possesses 8,000 shares of the innovation company’s stock worth $52,000 after purchasing an added 6,600 shares in the last quarter. Qube Study & Technologies Ltd got a new risk in shares of Eastman Kodak throughout the 4th quarter valued at about $57,000. Commonwealth Equity Services LLC acquired a new stake in shares of Eastman Kodak in the first quarter valued at about $69,000. Lastly, Sign Pointe Advisors LLC got a new position in Eastman Kodak in the first quarter worth roughly $83,000. Institutional investors and also hedge funds own 44.78% of the firm’s stock.
Concerning Eastman Kodak (NYSE: KODK).
Eastman Kodak Business supplies hardware, software application, consumables, as well as services to consumers in the commercial print, packaging, posting, production, and entertainment markets worldwide. The firm runs via Typical Printing, Digital Printing, Advanced Products as well as Chemicals, and also Brand name.