Moreover, the 36-month beta value for KD is 1.72. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for KD is 227.69M and currently, short sellers hold a 3.90% of that float. On October 02, 2024, KD’s average trading volume was 1.59M shares.
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KD) stock’s latest price update
The stock of Kyndryl Holdings Inc (NYSE: KD) has decreased by -2.39 when compared to last closing price of 22.98. Despite this, the company has experienced a -4.35% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-27 that NEW YORK , Sept. 27, 2024 /PRNewswire/ — Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, today released its fiscal year 2024 Corporate Citizenship Report.
KD’s Market Performance
KD’s stock has fallen by -4.35% in the past week, with a monthly drop of -5.32% and a quarterly drop of -16.31%. The volatility ratio for the week is 2.41% while the volatility levels for the last 30 days are 2.60% for Kyndryl Holdings Inc The simple moving average for the last 20 days is -2.97% for KD stock, with a simple moving average of -2.62% for the last 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 -5.66% 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 -21.57% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares sank -1.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.82% lower at present.
During the last 5 trading sessions, KD fell by -4.35%, which changed the moving average for the period of 200-days by +22.57% in comparison to the 20-day moving average, which settled at $23.10. In addition, Kyndryl Holdings Inc saw 7.94% 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:
- 0.0 for the present operating margin
- 0.17 for the gross margin
The net margin for Kyndryl Holdings Inc stands at -0.03. The total capital return value is set at 0.0. 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 0.48.
Currently, EBITDA for the company is 952.0 million with net debt to EBITDA at 4.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.96. The receivables turnover for the company is 4.97for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
To wrap up, the performance of Kyndryl Holdings Inc (KD) has been mixed in recent times. The stock has received a bullish 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.
