KEM Stock Forecast: AI Algorithm Returned 557.69% Over One Year
Quick Win By The Algorithm
On October 7th, 2016, I Know First issued a bullish 1-year forecast for KEMET Corporation (NYSE: KEM). The forecast showed a signal of 339.9 and a predictability of 0.52. In accordance with the forecast, KEM’s stock returned 557.69% over this period, solidifying another success of the I Know First algorithm.
KEMET Corporation, together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates through two segments, Solid Capacitors, and Film and Electrolytic. Its products include tantalum, multilayer ceramic, film, electrolytic, paper, and solid aluminum capacitors, as well as EMI filters. The company offers its capacitors for use in the automotive, communications, computer-related, industrial, consumer, military/aerospace, and alternative energy industries. KEMET Corporation sells its products to original equipment manufacturers, electronics manufacturing services providers, and electronics distributors. The company was founded in 1919 and is headquartered in Simpsonville, South Carolina.
KEMET Corporation reported its condensed consolidated results of operations for the quarter ended June 30, 2017. The Company is showing better results in comparison with the same quarter in the previous year.
Net sales increased by 48.2% from $184.9 million, in 2016, to $274 million, in 2017. Operating income of $27.8 million, in 2017, improved $18.5 million from the previous year.
Moreover, the company recovered from a net loss of $12,2 million, on the quarter ended June 30, 2016 to a net income of $221.4 million, on the quarter ended June 30, 2017.
Hence, KEM net income per basic share is now $3.82, which means an extremely high recovery from its net loss of $0.26, in the same quarter in the previous year.
Current I Know First subscribers received this bullish KEM forecast on October 7th, 2016.
Disclaimer
Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
