In the past week, KD stock has gone down by -0.70%, with a monthly decline of -8.82% and a quarterly plunge of -6.15%. The volatility ratio for the week is 3.43%, and the volatility levels for the last 30 days are 2.94% for Kyndryl Holdings Inc The simple moving average for the past 20 days is -4.34% for KD’s stock, with a 9.28% simple moving average for the past 200 days.
Is It Worth Investing in Kyndryl Holdings Inc (NYSE: KD) Right Now?
Company’s 36-month beta value is 1.65.Analysts have differing 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 KD is 226.79M, and currently, short sellers hold a 1.82% ratio of that floaft. The average trading volume of KD on April 30, 2024 was 1.57M shares.
KD) stock’s latest price update
Kyndryl Holdings Inc (NYSE: KD)’s stock price has increased by 1.80 compared to its previous closing price of 19.49. However, the company has seen a -0.70% decrease in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-29 that Company will host earnings call on May 8, 2024 NEW YORK, April 29, 2024 /PRNewswire/ — Kyndryl Holdings, Inc. (NYSE: KD), the world’s largest IT infrastructure services provider, today announced that it will release results for the fourth quarter and full year ended March 31, 2024, after market close on Tuesday, May 7, 2024. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m.
Analysts’ Opinion of KD
Many brokerage firms have already submitted their reports for KD stocks, with Susquehanna repeating the rating for KD by listing it as a “Positive.” The predicted price for KD in the upcoming period, according to Susquehanna is $27 based on the research report published on February 12, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see KD reach a price target of $26. The rating they have provided for KD stocks is “Outperform” according to the report published on January 08th, 2024.
JP Morgan gave a rating of “Overweight” to KD, setting the target price at $25 in the report published on December 18th of the previous year.
KD Trading at -7.15% from the 50-Day Moving Average
After a stumble in the market that brought KD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.36% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 3.43%, as shares sank -7.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.15% lower at present.
During the last 5 trading sessions, KD fell by -0.70%, which changed the moving average for the period of 200-days by +47.62% in comparison to the 20-day moving average, which settled at $20.65. In addition, Kyndryl Holdings Inc saw -4.52% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for KD
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.16 for the gross margin
The net margin for Kyndryl Holdings Inc stands at -0.07. The total capital return value is set at -0.04. Equity return is now at value -68.32, with -9.04 for asset returns.
Based on Kyndryl Holdings Inc (KD), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 4.12. The interest coverage ratio of the stock is -2.17.
Currently, EBITDA for the company is 952.0 million with net debt to EBITDA at 2.57. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. The receivables turnover for the company is 10.12for trailing twelve months and the total asset turnover is 1.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
In a nutshell, Kyndryl Holdings Inc (KD) has experienced a bad performance in recent times. The stock has received mixed “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.
