Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>KBR, Inc. stock price trades below the major 20, and 50-day daily moving averages.</a> </li> 
 <li> <span>2</span> <a>Kbr Inc (NYSE: KBR) stock’s 52-week price range is around $41.00 – $65.87.</a> </li> 
</ul> 
<p>The Kbr company offers unique and diverse professional services and technologies in the hydrocarbons and government services industries, covering the entire life-cycle of assets and programs. It was established on March 21, 2006, and its headquarters are in Houston, TX.</p> 
<p>The KBR stock has been on an upward trend since March 2020, starting from $12 support and making higher highs and lows until it reached $65 by July 26th 2023. However, the uptrend was broken as the buyers failed to sustain the high level and the stock dropped due to shareholders taking profits from the last quarter earnings results.</p> 
<p>The latest quarterly report for the period ending June 2023 showed a revenue of $1.75 Billion, a loss in net income of -$351.00 Million, and a tremendous decline in profit margin of -20.02%. This quarter the reported revenue missed analysts estimate by -$1.634 Million. The next quarter’s revenue is estimated to be 1.792 Billion. The Kbr latest quarterly balance sheet for the period ending June 2023 reported total assets of $6.29 Billion and total liabilities of $4.66 Billion. The debt-to-assets ratio is 74.09% which is a concern for the stock.</p> 
<p>The dividends paid by the KBR have been increasing every year. From 2018 to 2022, the dividend amount went up from $0.32 to $0.48. This showed that the company wanted the shareholders to stay with them. However, for the quarter ending in June 2023, the dividend yield in TTM was 0.85%, while the last payment was of $0.14 with the EX-date of September 14th, 2023.</p> 
<p>At the time of publishing the major EMA’s are bearish in KBR, Inc. (NYSE: KBR) and MACD also shows a bearish cross on the charts with increasing width in the histogram and RSI is at 37.</p> 
<p>The KBR stock has a float of 133.337 Million shares and a market cap of $7.882 Billion. The Kbr stock’s average volume for the last 10 days is 1.299 Million and its current volume is 1.601 Million. The KBR stock has a CMP of $58.42 and an intraday loss of 2.11%.</p> 
<h2 class="wp-block-heading" id="strong-kbr-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>KBR Stock Price Technical Analysis in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-878-1024x594.png" alt="" class="wp-image-171595" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-878-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-878-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-878-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-878-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-878-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-878.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: KBR.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<p><a href="https://www.thecoinrepublic.com/2023/09/11/kbr-stock-forecast-will-nyse-kbr-stock-descend-continue/" target="_blank" rel="noreferrer noopener">Kbr Inc</a> (NYSE: KBR) is experiencing a decline from $65, the current market price of KBR stock is $58.42 and it is trying to sustain above the previous swing low.</p> 
<p>The stock may continue to fall further if it breaks below the previous swing low and breaks below $56, which could lead to a target of $50. On the other hand, if the KBR stock manages to reverse the trend and gain strong buying momentum, it could rise above $60, which could trigger a rally above $65 or higher.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Kbr stock is in a downtrend since previous quarterly earnings results united profit booking. The<a href="https://www.thecoinrepublic.com/2023/09/11/kbr-stock-forecast-will-nyse-kbr-stock-descend-continue/"> stock</a> has a negative dividends payout ratio of -54.96 and may fall to $50 or rise to $65 depending on the trend reversal. The technical indicators are bearish and headed for the oversold zone.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support levels</strong>: $56 and $50</p> 
<p><strong>Resistance levels</strong>: $60 and $65</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

KBR Stock Forecast: Is the Stock (NYSE: KBR) Capable To Bag More?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 27, 2023

WFIS to facilitate Indonesia’s most disruptive integration of Technology & FSI

Breaking: Binance pulls out of Russia, selling local subsidiary to CommEx

Will Buyers Dominate Flow Coin’s Movements In The Year 2024?

Bitcoin's 2019 'Mini Bubble' vs. 2023: A Crypto Analyst's Perspective

SCBX and Hashed Forge Strategic Partnership to Drive Web3 Technology Innovation (27 Sep)

Malaysian State Identifies Illegal Crypto Mining Operations as Reason for Recurrent Power Disruption

Join our free newsletter for daily crypto updates!