Kroger said on Tuesday that it is using autonomous vehicles to deliver groceries in Scottsdale, Arizona.
The supermarket chain will employ unmanned vehicles in collaboration with startup Nuro. A pilot for the service began in August in Scottsdale, and involved Nuro’s R1 – an unmanned vehicle that does not have a driver and is used only to transport goods. Kroger mentioned that the service would be available in Scottsdale at its unit Fry's Food Stores for $5.95 with no minimum order requirement for same-day or next-day deliveries.
Kroger’s move comes at a time when several U.S. grocery players upping the ante on delivery services. For instance, Walmart, Ford Motor and delivery service Postmates announced earlier this year that they partnering to deliver goods to Walmart customers’ doorsteps, and could even start using self-driving vehicles for the same in future.
The 10-day RSI Indicator for KR moved out of overbought territory on April 04, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 instances where the indicator moved out of the overbought zone. In of the 36 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
The Momentum Indicator moved below the 0 level on May 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on KR as a result. In of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
KR moved below its 50-day moving average on May 03, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where KR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for KR entered a downward trend on May 03, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KR advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
KR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.537) is normal, around the industry mean (4.598). P/E Ratio (19.253) is within average values for comparable stocks, (24.892). Projected Growth (PEG Ratio) (1.392) is also within normal values, averaging (2.705). Dividend Yield (0.020) settles around the average of (0.025) among similar stocks. P/S Ratio (0.275) is also within normal values, averaging (54.947).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. KR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of supermarkets and convenience stores
Industry FoodRetail