Where Is Kodak Stock Headed In 2021?

The loan is still on pause. According to the company,  “As part of our long-term strategy, we will continue to move forward with expanding the existing pharmaceutical business regardless of whether we receive the potential IDFC loan.”

Peer Grade: D

KODK is currently rated #25 of 30 stocks in the Technology – Hardware group. Other popular stocks in this group are Canon, Inc. (CAJ - Get Rating), Logitech International (LOGI - Get Rating) and GoPro, Inc. (GPRO - Get Rating). While CAJ has lost 28% year-to-date, LOGI and GPRO have gained 106.3% and 90.3%, respectively, over this period.

Industry Rank: A

KODK is part of the StockNews.com Technology – Hardware industry, which is ranked #2 of the 123 industries. The companies in this industry manufacture PCs, cameras, streaming devices, and related accessories. The profitability of individual companies depends on technological innovation and their anticipation  of customer needs. Since the onset of the COVID-19 pandemic, the industry has witnessed an accelerated growth in demand due to the work-and-learn from home trend. Given the benefits of businesses depending more on technology, we think the industry should keep growing in 2021 as well.

Overall POWR Rating: D (Sell)

Overall, KODK is rated a “Sell” due to its poor financial performance, weak fundamentals, legal troubles, and high industry competition, as determined by the four components of our overall POWR Rating.

Bottom Line

Though KODK has come out of the bankruptcy it filed in 2012, the company is facing intense competition from other technically advanced digital camera and smartphone camera producers. KODK is clearly not the industry leader anymore. The company has been striving hard to venture into new areas and build on its strength in print and advanced materials and chemicals, including manufacturing pharmaceutical ingredients. However, it is unclear whether the government will now move forward with the loan.

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