Kalera Public Limited Company [NASDAQ: KAL] The share gained 3.98% or 0.01 point to close at $0.09 with a heavy trading volume of 17757347 shares. The company reported on November 14, 2022 that Kalera announced third quarter 2022 financial results.
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“Although our balance sheet is challenged, we are meeting or exceeding our targets at both the top and bottom line,” said Jim Leighton, Kalera’s President and CEO. “Revenue more than doubled compared to the third quarter last year and grew sequentially in the second quarter of this year, driven by growing customer relationships, higher volumes, improved product mix and increased sales velocity. In addition, our operational metrics are showing steady progress as we continue to achieve yield targets and improve capacity utilization. These metrics are key drivers in achieving our #1 priority of cash flow break-even on our US farms by the end of fiscal 2023.
It opened the trading session at $0.0829, shares rose to $0.094 and fell to $0.0821, the range in which the stock price traded throughout the day. The daily chart for KAL shows that the company has registered a loss of -99.15% in the last six months. However, it is still -28.57% lower than its most recent trading low.
If we look at the average trading volume of 7.19M shares, KAL reached a volume of 17757347 in the most recent trading day which is why market watchdogs consider the stock active.
Here’s what top equity market gurus are saying about Kalera Public Limited Company [KAL],
The Average True Range (ATR) for Kalera Public Limited Company is set at 0.05, The Price to Sales ratio for KAL stock over the trailing 12 months period is 1.59. The Price to Book ratio for the previous quarter was 0.06, the Price to Cash per share for the same quarter was set at 0.04.
Trading Performance Analysis for KAL Stock
Kalera Public Limited Company [KAL] It fell into the red zone at the end of last week, fell into a negative trend and fell -4.54. With this latest performance, KAL shares have declined by -79.95% over the past four-week period, as well as by -99.15% over the past 6 months — referencing a -99.13% decline in the past year of trading. Not there.
Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for the KAL stock for the past two-week period is set at 18.12, with the RSI for the last one trading hit at 17.82, and the three-week RSI for Kalera Public Limited Company at 21.89. [KAL], The current moving average for the last 50 days of trading of this stock is 0.7495, while it was recorded at 0.0875 for the last one week of trading.
Kalera Public Limited Company [KAL]: A Deep Dive into Fundamental Analysis
The return on equity for this stock decreased to -0.53, while the return on assets stood at -0.51.
Equally interesting is the liquidity data of Kalera Public Limited Company, which has a quick ratio set at 0.20 and a current ratio at 0.30.
Analysis of Insider Ownership in Kalera Public Limited Company [KAL]
Institutional investors currently hold approximately $0 million or 6.30% of KAL stock in hand. The top three institutional holders of KAL stock are: ARMISTICE CAPITAL, LLC with ownership of $1,839,347, which is almost new of the company’s market cap and accounts for approximately 1.70% of total institutional ownership; DEKABANK DEUTSCHE GIROZENTRALE holds 1,373,689 shares of stock with an approximate value of $0.12 million in KAL stock shares; and IFP ADVISORS, INC, currently with $58000.0 in KAL stock under ownership of approx new market capitalization of the company.
The position in Kalera Public Limited Company shares held by institutional investors increased at the end of November and during the November reporting period, where 17 institutional holders increased their positions in Kalera Public Limited Company [NASDAQ:KAL] By approximately 3,486,640 shares. Additionally, 12 investors reduced positions by approximately 1,319,403 shares, while 2 investors reduced positions by 577,143 shares. As per the latest SEC report filing, the mentioned changes put the institutional holding at 5,383,186 shares. There were 12 new institutional investments in KAL stock for a total of 3,239,064 shares, while 10 institutional investors sold 875,262 shares during the same period.