In yesterday’s Wall Street session, Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) shares traded at $9.65, up 1.69% from the previous session.
11 analysts cover Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $11.50, we find $15.00. Given the previous closing price of $9.49, this indicates a potential upside of 58.06 percent. KTOS stock price is now -2.85% away from the 50-day moving average and -28.39% away from the 200-day moving average. The market capitalization of the company currently stands at $1.18B.
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The stock has received a hold rating from 4 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $15.64 as their price target over the next twelve months.
With the price target maintained at $11.50, Canaccord Genuity recently Downgraded its rating from Buy to Hold for Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS). On May 26, 2022, Truist Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $20, while ‘Robert W. Baird’ rates the stock as ‘Outperform’.
In other news, Cervantes de Burgreen Maria, VP & Corporate Controller sold 2,000 shares of the company’s stock on Dec 12. The stock was sold for $18,523 at an average price of $9.26. Upon completion of the transaction, the VP & Corporate Controller now directly owns 27,891 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Director Liberatore Samuel N sold 8,000 shares of the business’s stock. A total of $84,490 was realized by selling the stock at an average price of $10.56. This leaves the insider owning 1,253 shares of the company worth $12091.45. Insiders disposed of 869,444 shares of company stock worth roughly $8.39 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KTOS stock. A new stake in Kratos Defense & Security Solutions Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $2,967,000. ROUBAIX CAPITAL, LLC invested $2,295,000 in shares of KTOS during the first quarter. In the first quarter, SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in Kratos Defense & Security Solutions Inc. valued at approximately $1,237,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in KTOS for approximately $966,000. JUMP FINANCIAL, LLC purchased a new stake in KTOS valued at around $767,000 in the second quarter. In total, there are 342 active investors with 85.90% ownership of the company’s stock.
On Wednesday morning Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS) stock kicked off with the opening price of $9.46. During the past 12 months, Kratos Defense & Security Solutions Inc. has had a low of $8.90 and a high of $22.26. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 2.80, and a quick ratio of 2.30. The fifty day moving average price for KTOS is $9.93 and a two-hundred day moving average price translates $13.48 for the stock.
The latest earnings results from Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS) was released for Jun, 2022. According to the Aerospace & Defense Company, earnings per share came in at $0.07, beating analysts’ expectations of $0.04 by 0.03. This compares to -$0.01 EPS in the same period last year. The net profit margin was -3.60% and return on equity was -3.30% for KTOS. The company reported revenue of $228.6 million for the quarter, compared to $200.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.96 percent. For the current quarter, analysts expect KTOS to generate $227.09M in revenue.
Kratos Defense & Security Solutions Inc.(KTOS) Company Profile
Kratos Defense & Security Solutions, Inc. operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services. The Unmanned Systems segment provides unmanned aerial systems, and unmanned ground and seaborne systems. It serves national security related agencies, the department of defense, intelligence agencies, and classified agencies, as well as international government agencies and domestic and international commercial customers. Kratos Defense & Security Solutions, Inc. was incorporated in 1994 and is headquartered in San Diego, California.
