Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate World Kinect Corporation before investing.

In this article, we go over a few key elements for understanding World Kinect Corporation’s stock price such as:

• World Kinect Corporation’s current stock price and volume
• Why World Kinect Corporation’s stock price changed recently
• Upgrades and downgrades for WKC from analysts
• WKC’s stock price momentum as measured by its relative strength

About World Kinect Corporation (WKC)

Before we jump into World Kinect Corporation’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

World Kinect Corporation, formerly World Fuel Services Corporation, is a global energy management company. The Company is engaged in offering a suite of energy advisory, management and fulfillment services, digital and other technology solutions, as well as sustainability products and services across the energy product spectrum. The Company?s product and service offerings also include energy advisory services, sustainability, and renewable energy solutions, as well as supply fulfillment for natural gas and power. It sells and delivers liquid fuels, natural gas, electricity, and renewable energy solutions. It also offers a comprehensive portfolio of supply, logistics, price risk and transaction management services. It serves various industries, including aviation, commercial, industrial, and municipal, government and military, marine and residential. The Company also focuses on advancing the energy transition to lower carbon alternatives.

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World Kinect Corporation’s Stock Price as of Market Close

As of February 23, 2024, 4:00 PM, CST, World Kinect Corporation’s stock price was $25.97.

World Kinect Corporation is up 8.89% from its previous closing price of $23.85.

During the last market session, World Kinect Corporation’s stock traded between $23.41 and $23.87. Currently, there are 60.30 million shares of World Kinect Corporation stock available for purchase.

World Kinect Corporation’s price-earnings (P/E) ratio is currently at 13.6, which is high compared to the Oil & Gas - Refining and Marketing industry median of 12.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

World Kinect Corporation Stock Price History

World Kinect Corporation’s (WKC) price is currently up 15.06% so far this month.

During the month of February, World Kinect Corporation’s stock price has reached a high of $26.03 and a low of $22.14.

Over the last year, World Kinect Corporation has hit prices as high as $30.65 and as low as $17.69. Year to date, World Kinect Corporation’s stock is down 4.98%.

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What Caused World Kinect Corporation Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 22, 2024, there was 1 analyst who downgraded World Kinect Corporation’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate World Kinect Corporation’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on World Kinect Corporation’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

World Kinect Corporation’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about World Kinect Corporation (WKC) by visiting AAII Stock Evaluator.

Relative Price Strength of World Kinect Corporation

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 22, 2024, World Kinect Corporation has a weighted four-quarter relative price strength of -8.43%, which translates to a Momentum Score of 41 and is considered to be Average.

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World Kinect Corporation Stock Price: Bottom Line

As of February 23, 2024, World Kinect Corporation’s stock price is $25.97, which is up 8.89% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like World Kinect Corporation stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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