Karman (NYSE:KRMN) Stock Price Down 5.6% - What's Next?

Key Points

• Karman shares fell 5.6% to $72.29 on Friday on light trading—about 460,310 shares, roughly 77% below its average daily volume.
• Wall Street sentiment is largely positive with a consensus rating of Moderate Buy and an average target price of $117.10, and several firms raising targets into the $118–$130 range.
• The company reported strong revenue growth (quarterly revenue +47.5% YoY) and healthy liquidity (quick ratio 3.17), but carries a very high valuation (PE ~560) and elevated volatility (beta 2.58), highlighting increased risk despite growth.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) dropped 5.6% during trading on Friday . The company traded as low as $72.50 and last traded at $72.29. Approximately 460,310 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 2,040,886 shares. The stock had previously closed at $76.60.

Wall Street Analyst Weigh In

KRMN has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price objective on shares of Karman from $85.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, January 22nd. Truist Financial set a $118.00 price objective on shares of Karman in a research note on Friday, January 9th. Weiss Ratings restated a "hold (c-)" rating on shares of Karman in a research note on Friday, March 27th. Needham & Company LLC restated a "buy" rating and issued a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $130.00 price objective on shares of Karman in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Karman presently has a consensus rating of "Moderate Buy" and an average target price of $117.10.

Karman Trading Down 4.9%

The stock has a market cap of $9.65 billion, a PE ratio of 560.16 and a beta of 2.58. The business's fifty day moving average is $89.64 and its 200 day moving average is $84.36. The company has a quick ratio of 3.17, a current ratio of 3.29 and a debt-to-equity ratio of 1.50.

Karman (NYSE:KRMN - Get Free Report) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The firm had revenue of $134.49 million for the quarter. Karman had a net margin of 3.68% and a return on equity of 13.15%. Karman's quarterly revenue was up 47.5% compared to the same quarter last year. As a group, analysts predict that Karman Holdings Inc. will post 0.62 earnings per share for the current year.

Institutional Trading of Karman

A number of institutional investors have recently added to or reduced their stakes in the stock. Capricorn Fund Managers Ltd purchased a new stake in Karman during the first quarter worth about $343,000. Janney Montgomery Scott LLC boosted its holdings in Karman by 8.1% during the first quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company's stock worth $316,000 after buying an additional 297 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Karman by 8.3% during the first quarter. Pictet Asset Management Holding SA now owns 8,549 shares of the company's stock worth $684,000 after buying an additional 656 shares in the last quarter. Falcon Wealth Planning purchased a new stake in Karman during the first quarter worth about $205,684,000. Finally, OP Asset Management Ltd purchased a new stake in Karman during the first quarter worth about $590,000.

About Karman

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.

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