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Saturday, December 9, 2023

The Question Is Whether To Buy Or Not To Buy Eastman Kodak Co. (NYSE: KODK)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Eastman Kodak Co. (KODK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.09, or 2.39%, to $3.86. The Eastman Kodak Co. has recorded 18,037 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Kodak Reports Third-Quarter 2023 Financial Results.

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Stocks Info

This NYSE-listed company operates within the Specialty Business Services industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $3.77 and fluctuated between $3.9700 as its day high and $3.6200 as its day low. The current market capitalization of Eastman Kodak Co. is $299.60M. A total of 0.52 million shares were traded on the day, compared to an average of 390.14K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, KODK has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 6,273 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 1 SELLs from insiders. Insiders purchased 270,423 shares during that period but sold 2,068.

In the most recent transaction, Katz Philippe D bought 3,000 shares of KODK for 4.59 per share on May 22. After the transaction, the Director now owns 155,496 company shares. In a previous transaction on May 19, SILECK MICHAEL bought 15,000 shares at 4.39 per share. KODK shares that Director owns now total 74,575.

Among the insiders who bought shares, Katz Philippe D acquired of 10,000 shares on Mar 23 at a per-share price of $3.85. This resulted in the Director holding 152,496 shares of KODK after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for KODK in the last 3 months, the mean price target is $1.00 with high estimates of $1.00 and low estimates of $1.00. In terms of 52-week highs and lows, KODK has a high of $6.34 and a low of $2.78.

As of this writing, KODK has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. KODK’s latest balance sheet shows that the firm has $362.00M in Cash & Short Term Investments as of fiscal 2021. There were $312.00M in debt and $309.00M in liabilities at the time. Its Book Value Per Share was $12.18, while its Total Shareholder’s Equity was $977.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

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