Moreover, the 36-month beta value for KIND is 0.98. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for KIND is 154.22M and currently, short sellers hold a 2.90% of that float. On April 25, 2024, KIND’s average trading volume was 1.65M shares.
KIND) stock’s latest price update
Nextdoor Holdings Inc (NYSE: KIND)’s stock price has dropped by -4.27 in relation to previous closing price of 2.11. Nevertheless, the company has seen a gain of 3.59% in its stock price over the last five trading days. The Motley Fool reported 2024-04-23 that Matterport is being acquired by CoStar in a $1.7 billion cash and stock deal. The company not only has an excellent proprietary technology, but also a strong balance sheet.
KIND’s Market Performance
KIND’s stock has risen by 3.59% in the past week, with a monthly drop of -9.82% and a quarterly rise of 30.32%. The volatility ratio for the week is 4.14% while the volatility levels for the last 30 days are 3.98% for Nextdoor Holdings Inc. The simple moving average for the past 20 days is -3.42% for KIND’s stock, with a 0.44% simple moving average for the past 200 days.
Analysts’ Opinion of KIND
Many brokerage firms have already submitted their reports for KIND stocks, with Evercore ISI repeating the rating for KIND by listing it as a “In-line.” The predicted price for KIND in the upcoming period, according to Evercore ISI is $3 based on the research report published on November 08, 2023 of the previous year 2023.
Wells Fargo, on the other hand, stated in their research note that they expect to see KIND reach a price target of $3.50. The rating they have provided for KIND stocks is “Equal Weight” according to the report published on June 27th, 2023.
Citigroup gave a rating of “Neutral” to KIND, setting the target price at $6.50 in the report published on April 20th of the previous year.
KIND Trading at -2.73% 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 -40.85% of loss for the given period.
Volatility was left at 3.98%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares sank -9.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.13% upper at present.
During the last 5 trading sessions, KIND rose by +4.36%, which changed the moving average for the period of 200-days by -33.93% in comparison to the 20-day moving average, which settled at $2.08. In addition, Nextdoor Holdings Inc saw 6.88% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KIND starting from Orta John, who sale 2,500 shares at the price of $1.80 back on Feb 16 ’24. After this action, Orta John now owns 543,923 shares of Nextdoor Holdings Inc, valued at $4,500 using the latest closing price.
Anderson Matthew S, the CFO and Treasurer of Nextdoor Holdings Inc, sale 20,316 shares at $1.36 during a trade that took place back on Jan 15 ’24, which means that Anderson Matthew S is holding 109,510 shares at $27,707 based on the most recent closing price.
Stock Fundamentals for KIND
Current profitability levels for the company are sitting at:
- -0.79 for the present operating margin
- 0.81 for the gross margin
The net margin for Nextdoor Holdings Inc stands at -0.68. The total capital return value is set at -0.28. Equity return is now at value -25.27, with -21.82 for asset returns.
Based on Nextdoor Holdings Inc (KIND), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -0.89. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 31.92.
Currently, EBITDA for the company is -166.51 million with net debt to EBITDA at -0.04. When we switch over and look at the enterprise to sales, we see a ratio of 3.58. The receivables turnover for the company is 8.32for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 16.01.
Conclusion
To wrap up, the performance of Nextdoor Holdings Inc (KIND) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
