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.


Want More Great Investing Ideas?

“MUST OWN” Growth Stocks for 2021

The #1 CRITICAL Investment Lesson from 2020

7 Best ETFs for the NEXT Bull Market

1 2 3 4
View single page >> |

Disclaimer: Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.