The stock of Kyndryl Holdings Inc (NYSE: KD) has decreased by -3.20 when compared to last closing price of 23.45. Despite this, the company has experienced a -3.24% fall in its stock price over the last five trading sessions. zacks.com reported 2024-09-20 that Kyndryl Holdings, Inc. (KD) reachead $23.88 at the closing of the latest trading day, reflecting a +0.55% change compared to its last close.
Is It Worth Investing in Kyndryl Holdings Inc (NYSE: KD) Right Now?
The 36-month beta value for KD is at 1.73. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for KD is 227.69M, and currently, shorts hold a 3.90% of that float. The average trading volume for KD on September 26, 2024 was 1.63M shares.
KD’s Market Performance
The stock of Kyndryl Holdings Inc (KD) has seen a -3.24% decrease in the past week, with a -5.02% drop in the past month, and a -10.21% fall in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are at 2.57% for KD. The simple moving average for the past 20 days is -2.29% for KD’s stock, with a -1.07% simple moving average for the past 200 days.
Analysts’ Opinion of KD
Many brokerage firms have already submitted their reports for KD stocks, with Oppenheimer repeating the rating for KD by listing it as a “Outperform.” The predicted price for KD in the upcoming period, according to Oppenheimer is $33 based on the research report published on June 27, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see KD reach a price target of $27, previously predicting the price at $19. The rating they have provided for KD stocks is “Positive” according to the report published on February 12th, 2024.
Evercore ISI gave a rating of “Outperform” to KD, setting the target price at $26 in the report published on January 08th of the current year.
KD Trading at -5.88% 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 -20.63% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares sank -3.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.18% lower at present.
During the last 5 trading sessions, KD fell by -3.24%, which changed the moving average for the period of 200-days by +23.91% in comparison to the 20-day moving average, which settled at $23.19. In addition, Kyndryl Holdings Inc saw 9.24% 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 KD starting from Khurana Vineet, who sale 30,430 shares at the price of $26.36 back on Jun 03 ’24. After this action, Khurana Vineet now owns 78,722 shares of Kyndryl Holdings Inc, valued at $802,244 using the latest closing price.
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 -0.08. The total capital return value is set at -0.03. Equity return is now at value -16.82, with -1.78 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 -0.03. The debt to equity ratio resting at 4.12. The interest coverage ratio of the stock is -2.11.
Currently, EBITDA for the company is 952.0 million with net debt to EBITDA at 3.44. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 7.53for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In conclusion, Kyndryl Holdings Inc (KD) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
