Kratos Defense & Security Solutions Inc’s recent filing unveils that its President, US Division Fendley Steven S. unloaded Company’s shares for reported $0.12 million on Mar 25 ’24. In the deal valued at $17.80 per share,7,000 shares were sold. As a result of this transaction, Fendley Steven S. now holds 419,821 shares worth roughly $7.77 million.
Then, Carrai Phillip D sold 3,500 shares, generating $60,883 in total proceeds. Upon selling the shares at $17.40, the President, STC Division now owns 292,944 shares.
Before that, Mendoza Marie sold 1,038 shares. Kratos Defense & Security Solutions Inc shares valued at $17,864 were divested by the SVP & General Counsel at a price of $17.21 per share. As a result of the transaction, Mendoza Marie now holds 68,192 shares, worth roughly $1.26 million.
Raymond James initiated its Kratos Defense & Security Solutions Inc [KTOS] rating to an Outperform in a research note published on July 20, 2023; the price target was $17. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Canaccord Genuity also remained covering KTOS and has decreased its forecast on November 04, 2022 with a “Hold” recommendation from previously “Buy” rating. Truist revised its rating on May 26, 2022. It rated KTOS as “a Buy” which previously was an “a Hold”.
Price Performance Review of KTOS
On Monday, Kratos Defense & Security Solutions Inc [NASDAQ:KTOS] saw its stock jump 3.99% to $18.51. Over the last five days, the stock has gained 0.82%. Kratos Defense & Security Solutions Inc shares have fallen nearly -8.77% since the year began. Nevertheless, the stocks have risen 43.49% over the past one year. While a 52-week high of $21.60 was reached on 02/14/24, a 52-week low of $12.12 was recorded on 02/01/24. SMA at 50 days reached $18.13, while 200 days put it at $17.07. A total of 1.41 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For KTOS Stock
The 24-hour chart illustrates a support level at 17.96, which if violated will result in even more drops to 17.40. On the upside, there is a resistance level at 18.96. A further resistance level may holdings at 19.40. The Relative Strength Index (RSI) on the 14-day chart is 56.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.69%. Stochastics %K at 56.47% indicates the stock is a holding.
How much short interest is there in Kratos Defense & Security Solutions Inc?
A steep rise in short interest was recorded in Kratos Defense & Security Solutions Inc stocks on Mar 15, 2024, dropping by -1.36 million shares to a total of 2.58 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.94 million shares. There was a decline of -52.71%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.76% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.2.
