Stocks of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) traded higher last session on Wall Street, down -1.40% to $13.37.
According to the data, Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) has 10 analysts covering its stock. 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 $13.00, we find $16.00. Given the previous closing price of $13.56, this indicates a potential upside of 17.99 percent. KTOS stock price is now -3.21% away from the 50-day moving average and 13.03% away from the 200-day moving average. The market capitalization of the company currently stands at $1.73B.
A total of 3 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $16.70 as their price target over the next twelve months.
With the price target enhanced from $11.50 to $14, Canaccord Genuity Upgraded its rating from Hold to Buy for Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS).
In other news, Lund Deanna H, EVP & CFO sold 105,116 shares of the company’s stock on Jun 21. The stock was sold for $1,576,999 at an average price of $15.00. Upon completion of the transaction, the EVP & CFO now directly owns 175,457 shares in the company, valued at $2.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21, VP & Corporate Controller Cervantes de Burgreen Maria sold 1,203 shares of the business’s stock. A total of $18,045 was realized by selling the stock at an average price of $15.00. This leaves the insider owning 32,006 shares of the company worth $0.43 million. Insiders disposed of 359,990 shares of company stock worth roughly $4.81 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 LISANTI CAPITAL GROWTH, LLC during the first quarter worth $4,458,000. TREXQUANT INVESTMENT LP invested $1,603,000 in shares of KTOS during the first quarter. In the first quarter, ERGOTELES LLC acquired a new stake in Kratos Defense & Security Solutions Inc. valued at approximately $1,502,000. HRT FINANCIAL LP acquired a new stake in KTOS for approximately $1,112,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in KTOS valued at around $970,000 in the second quarter. In total, there are 321 active investors with 85.90% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $13.57 for Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS). During the past 12 months, Kratos Defense & Security Solutions Inc. has had a low of $8.90 and a high of $16.23. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 2.40, and a quick ratio of 1.90. The fifty day moving average price for KTOS is $13.82 and a two-hundred day moving average price translates $11.84 for the stock.
The latest earnings results from Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS) was released for Mar, 2023. According to the Aerospace & Defense Company, earnings per share came in at $0.06, beating analysts’ expectations of $0.05 by 0.01. This compares to $0.00 EPS in the same period last year. The net profit margin was -3.00% and return on equity was -3.00% for KTOS. The company reported revenue of $231.8 million for the quarter, compared to $196.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.14 percent. For the current quarter, analysts expect KTOS to generate $235.94M in revenue.
Kratos Defense & Security Solutions Inc.(KTOS) Company Profile
Kratos Defense & Security Solutions, Inc. operates as a technology company that addresses the defense, National Security, and commercial markets. The company develops and fields transformative, affordable systems, products, and solutions. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers microwave electronic products, space and satellite communications, cybersecurity/warfare products, hypersonic and missile defense systems, rockets, training solutions, turbine and engine propulsion technologies, and defense and rocket support services, as well as command, control, communication, computing, combat, intelligence surveillance and reconnaissance systems. It also provides unmanned aerial systems, and unmanned ground and seaborne products, as well as related command, control, and communications systems, as well as directed energy products. The company primarily serves national security related agencies, the U.S. Department of Defense, intelligence agencies and classified agencies, international government agencies, and commercial customers. Kratos Defense & Security Solutions, Inc. was incorporated in 1994 and is headquartered in San Diego, California.
