|Bid||14.47 x 1400|
|Ask||14.76 x 800|
|Day's Range||14.44 - 14.80|
|52 Week Range||12.54 - 30.29|
|Beta (5Y Monthly)||0.63|
|PE Ratio (TTM)||24.02|
|Earnings Date||Feb 23, 2022 - Feb 28, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.85|
Kratos Defense & Security Solutions stands to benefit as governments increase spending on weaponry even as inflation and slowing economic growth hit other industries, says one Truist Securities analyst. Michael Ciarmoli upgraded his rating on Kratos (ticker: KTOS) to Buy from Hold, citing increased interest in the sector as a result of Russia’s invasion of Ukraine. Ciarmoli said in a research note that the global defense spending environment is a, “relatively recessionary-resistant end market with better relative protection from inflation.”
A closer look at Kratos Defense & Security Solutions' quarterly performance shows how the company managed to smash earnings estimates despite reporting in-line revenues.
After losing some value lately, a hammer chart pattern has been formed for Kratos (KTOS), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.