Nextdoor Holdings Inc. (NYSE:KIND) went up by 6.71% from its latest closing price compared to the recent 1-year high of $18.59. The company’s stock price has collected 14.01% of gains in the last five trading sessions. The Wall Street Journal reported on 11/09/21 that GE Split, Bitcoin Hits New Record: What to Watch When the Stock Market Opens Today
Is It Worth Investing in Nextdoor Holdings Inc. (NYSE :KIND) Right Now?
Opinions of the stock are interesting as 1 analysts out of 5 who provided ratings for Nextdoor Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $4.90, which is $1.6 above the current price. KIND currently public float of 115.89M and currently shorts hold a 5.40% ratio of that float. Today, the average trading volume of KIND was 3.01M shares.
KIND’s Market Performance
KIND stocks went up by 14.01% for the week, with a monthly jump of 1.74% and a quarterly performance of -25.37%, while its annual performance rate touched -66.67%. The volatility ratio for the week stands at 6.75% while the volatility levels for the past 30 days are set at 6.97% for Nextdoor Holdings Inc. The simple moving average for the period of the last 20 days is 1.71% for KIND stocks with a simple moving average of -44.59% for the last 200 days.
Analysts’ Opinion of KIND
Many brokerage firms have already submitted their reports for KIND stocks, with Citigroup repeating the rating for KIND by listing it as a “Neutral.” The predicted price for KIND in the upcoming period, according to Citigroup is $6.50 based on the research report published on April 20th of the current year 2022.
Truist, on the other hand, stated in their research note that they expect to see KIND reach a price target of $7. The rating they have provided for KIND stocks is “Hold” according to the report published on March 29th, 2022.
Morgan Stanley gave a rating of “Equal-Weight” to KIND, setting the target price at $7 in the report published on February 24th of the current year.
KIND Trading at 7.07% from the 50-Day Moving Average
After a stumble in the market that brought KIND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.17% of loss for the given period.
Volatility was left at 6.97%, however, over the last 30 days, the volatility rate increased by 6.75%, as shares sank -3.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.24% upper at present.
During the last 5 trading sessions, KIND rose by +14.01%, which changed the moving average for the period of 200-days by -65.10% in comparison to the 20-day moving average, which settled at $3.44. In addition, Nextdoor Holdings Inc. saw -55.64% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at KIND starting from Sze David L, who purchase 1,611,554 shares at the price of $3.55 back on Jun 07. After this action, Sze David L now owns 5,253,364 shares of Nextdoor Holdings Inc., valued at $5,726,818 using the latest closing price.
Greylock 16 GP LLC, the Member of 10% owner group of Nextdoor Holdings Inc., purchase 1,611,554 shares at $3.55 during a trade that took place back on Jun 07, which means that Greylock 16 GP LLC is holding 5,253,364 shares at $5,726,818 based on the most recent closing price.
Stock Fundamentals for KIND
Current profitability levels for the company are sitting at:
- -49.33 for the present operating margin
- +82.84 for the gross margin
The net margin for Nextdoor Holdings Inc. stands at -49.60. Equity return is now at value -20.40, with -18.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 22.74.