Where Is Kodak Stock Headed In 2021?

In addition, KODK’s long track record of poor management is a major downside. For example, in 2018, KODK announced that it would be launching an initial coin offering (ICO), which was supposed to help photographers store their images and manage intellectual property rights. However, the project never took off, and to  date, there is no news on the progress or lack thereof of ICO.

Analyst sentiment, which gives a good sense of a stock’s future price movement, is not good for KODK. The company’s EPS is expected to decline at a rate of 12% per annum over the next five years. Hence, in the absence of any potential developments regarding the loan deal, KODK can move in either direction and, as such, we think it wise to avoid the stock for now.

KODK shares were trading at $8.32 per share on Thursday afternoon, down $0.30 (-3.48%). Year-to-date, KODK has gained 78.92%, versus a 17.69% rise in the benchmark S&P 500 index during the same period.

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