The stock of Kyndryl Holdings Inc (KD) has gone up by 8.29% for the week, with a 5.56% rise in the past month and a -5.30% drop in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are 2.45% for KD. The simple moving average for the past 20 days is 4.63% for KD’s stock, with a 4.87% simple moving average for the past 200 days.
Is It Worth Investing in Kyndryl Holdings Inc (NYSE: KD) Right Now?
The stock has a 36-month beta value of 1.71. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for KD is 227.74M, and at present, short sellers hold a 3.90% of that float. On October 09, 2024, the average trading volume of KD was 1.58M shares.
KD) stock’s latest price update
Kyndryl Holdings Inc (NYSE: KD)’s stock price has soared by 3.41 in relation to previous closing price of 23.49. Nevertheless, the company has seen a gain of 8.29% in its stock price over the last five trading days. prnewswire.com reported 2024-10-07 that Company will host earnings call on November 7, 2024 and Investor Day on November 21, 2024 NEW YORK, Oct. 7, 2024 /PRNewswire/ — Kyndryl Holdings, Inc. (NYSE: KD), the world’s largest IT infrastructure services provider, today announced that it will release results for the quarter ended September 30, 2024, the second quarter of its 2025 fiscal year, after market close on Wednesday, November 6, 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 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 4.21% 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 -15.07% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares surge +6.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.22% lower at present.
During the last 5 trading sessions, KD rose by +8.29%, which changed the moving average for the period of 200-days by +22.74% in comparison to the 20-day moving average, which settled at $23.22. In addition, Kyndryl Holdings Inc saw 16.89% 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:
- 0.02 for the present operating margin
- 0.19 for the gross margin
The net margin for Kyndryl Holdings Inc stands at -0.01. The total capital return value is set at 0.05. 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 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 4.13. The interest coverage ratio of the stock is 2.42.
Currently, EBITDA for the company is 1.23 billion with net debt to EBITDA at 2.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.54. The receivables turnover for the company is 10.83for trailing twelve months and the total asset turnover is 1.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
To sum up, Kyndryl Holdings Inc (KD) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
