KDP stock has a float of 991.353 Million shares and a market cap of $40.926 Billion. The KDP stock has a CMP of $29.29 and an intraday loss of 3.30%. The KDP stock’s average volume for the last 10 days is 9.752 Million and its current volume is 9.755 Million.
According to the KDP price action displayed on the charts, the KDP stock price started inclining from the $19 support level in March 2020. It reached a high of $93 on August 22nd, 2022, by making higher highs and lows.
The KDP stock faced resistance and started to fall as investors cashed out their profits from quarterly reports and dividends. This showed poor performance on the charts for the KDP price in the past 52 weeks.
However, the stock might show a recovery sign or a rebound as the KDP price is trading around major support at $28 which is also a vital order block that is unmitigated on the charts.
Therefore, if the Keurig stock manages to gain strong buying momentum and surges above, it can blast a rally upwards. The probable resistance levels are between $32 and $34.
Alternatively, if the KDP stock faces resistance again and continues to fall below and breaks below $27, it could fall up to $25.
KDP Stock Price Technical Analysis in 1-D Timeframe
At the time of publishing, the price of Keurig Dr Pepper Inc. (NASDAQ: KDP) was trading around major support of $28 and it may try to sustain and rise upward. Therefore, if more buying volume assists the KDP price in surging upward, the stock may surpass major rejecting EMAs and thrust an upward rally.
The MACD indicates a bearish cross as the histogram width is stagnant and both lines may soon start to close on each other and show a bullish cross in the MACD tool. The RSI is at 27 and about to get oversold, showing a probability of curve reversal. The RSI may cross 14SMA from below. The indicators in the KDP stock show positive signs on the charts and a probability of reversal.
In addition, the stock ratings for KDP stock are positive and highly recommended based on 19 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for KDP stock by 17 analysts range between $30.00 to $45.00.
Financial Details of KDP Stock
KDP stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $51.80 Billion and total liabilities of $26.53 Billion. The KDP debt-to-assets ratio is at 51.22%.
KDP’s latest quarterly earnings report for the period ending June 2023 displayed a revenue of $3.79 Billion, with a net income of $503.00 Million, and a gain in profit margin from the last quarter of 13.28%. This quarter, the reported revenue exceeded analysts’ estimates by $97.706 Million (2.65%).
The KDP stock also reported an EPS of $0.42 for the period ending June 2023, beating the analysts’ estimate of $0.40 by 5.03%. The KDP next quarter’s revenue is estimated to be $3.778 Billion and an estimated EPS of $0.467, the report will be released on October 26th, 2023.
The KDP stock’s dividend yield for the TTM is 2.69% and its last dividend payment was 0.22 per share. The KDP last ex-dividend date was September 28th, 2023 and its payout ratio is 70.80%.
Summary
Keurig Dr Pepper Inc. (NASDAQ: KDP) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of the Keurig stock price highlight upward signals and support bullishness.
Technical Levels
Support Levels: $27 and $25
Resistance Levels: $32 and $34
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/10/12/kdp-stock-can-keurig-kickstart-an-upward-rally-by-year-end/