KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) could be one of the worst stocks that investors may not want to consider for their portfolio today as the company shares are trading 6.54% or 0.81 points down from last closing price of $12.39, reaching $11.58 at last check. Any clue why there is so much of action in the KLXE stock? The share price has dropped in 4 of the last 5 days and is down -51.11% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -527,811 shares, and in total 76789 shares valued at $889217 were seen changing hands compared with 604600 shares valued at $7.491 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the KLXE stock is near its bottom.
KLX Energy Services Holdings, Inc. (KLXE) shares have notched a 3-month decline of about -51.11%, but has still tumbled -46.44% year to date. By comparison, the stock sank 0% over the past 12 months, while it slipped -31.63% over the 1 month. The company’s market cap is around $299.18M, with its short interest ratio standing at 11.73%.
In the current trading session for KLXE, the stock witnessed two major price actions, it rose to a high of $12.18 and was down as much as $11.48 at one point. The high recorded is very low when compared to their 52-week high which is $11.59. The 52-week high is now at -68.01 distance from current price. Their recent low of $36.13 represents a -0.28% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for KLXE is $26.25, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of KLX Energy Services Holdings, Inc. earned $0.07 per share in the trailing 12 months and has a P/E ratio of 165.43. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 28.3 and higher compared to the sector’s average of 9.88. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. KLXE also has P/S multiple of 0.52. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 5.82x.
The company recorded an interesting insider purchase transaction by the VP on Jun 12, 2019. A Securities and Exchanges Commission filings show that Gary J Roberts bought a total of 5,000 KLXE shares that day for a sum of around $96,250. KLX Energy Services Holdings, Inc. (KLXE) insiders have acquired 22,000 shares in the stock within the past three months. In total, individual insiders traded 22,000 shares in the business, which makes up 0.052% of 42,527,672 shares that were traded over a year. In the past 12 months, insiders have purchased 22,448,278 shares while the seller parted with 20,079,394 shares.
KLXE‘s last price was down -51.88% as compared to the average trading price of 50 days recorded at $24.06 while enlarging the period to 200 trading days, the average closing price was $17.78. At present, there are 23.82 million in the total number of common shares owned by the public and among those 20.66 million shares have been available to trade. The percentage of shares being held by the company management was 9.4% while institutions stake was 87.3%. The company has generated positive returns on equity over the last 12 months (1.1%). It managed to keep its gross profit margin at 23.3% over the past 12 months.
When assessing the full upside of the KLXE stock, there is another set of technicals that should be looked into and considered. Its -22.44% decline from moving average of $14.93 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of KLX Energy Services Holdings, Inc. — 2 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $25.5 on shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE), which corresponds to 118.14% upside potential than its current market price of $11.58 and implies potential despite the recent drop in the price. However, their current target price has fallen from $25.5 a month ago and is down handily from the consensus target of $30 a quarter ago.
Let’s briefly check the hedge fund interest towards KLXE stock. Vanguard Group Inc. trimmed position in the company after it dumped -0.8% or 2,152,010 shares of its common stock. The hedge fund now owns 2,134,794 shares worth $24,720,915, SEC documents show. BlackRock Inc. shored up assets in the stock as 3231161 shares have been purchased, increasing its stake by 3.1% to 3,331,327 shares which are currently valued at $38,576,767. In addition, Parametric Portfolio Associates LLC recently reported that it now owns 37,220 shares making a total of $431,008 based on the recent price. This refelects a change of -44.7% in their ownership.