Should You Invest in Nextdoor Holdings Inc (KIND) Now?

The 36-month beta value for KIND is at 1.08. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”

The public float for KIND is 164.81M, and currently, shorts hold a 2.35% of that float. The average trading volume for KIND on October 11, 2024 was 1.30M shares.

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KIND) stock’s latest price update

Nextdoor Holdings Inc (NYSE: KIND) has seen a decline in its stock price by -1.63 in relation to its previous close of 2.46. However, the company has experienced a 1.26% gain in its stock price over the last five trading sessions. fool.com reported 2024-10-09 that These stocks aren’t right for everyone, but if you have a high risk tolerance, they could be worth a closer look.

KIND’s Market Performance

KIND’s stock has risen by 1.26% in the past week, with a monthly rise of 7.08% and a quarterly drop of -12.00%. The volatility ratio for the week is 3.92% while the volatility levels for the last 30 days are 3.43% for Nextdoor Holdings Inc The simple moving average for the past 20 days is -0.98% for KIND’s stock, with a 7.24% 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 -1.59% 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 -19.06% of loss for the given period.

Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 3.92%, as shares surge +3.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.79% lower at present.

During the last 5 trading sessions, KIND rose by +1.26%, which changed the moving average for the period of 200-days by +23.47% in comparison to the 20-day moving average, which settled at $2.44. In addition, Nextdoor Holdings Inc saw 28.04% 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 Schwartz Sophia, who sale 17,529 shares at the price of $2.33 back on Sep 05 ’24. After this action, Schwartz Sophia now owns 257,383 shares of Nextdoor Holdings Inc, valued at $40,843 using the latest closing price.

SOPHIA SCHWARTZ, the Officer of Nextdoor Holdings Inc, proposed sale 17,529 shares at $2.35 during a trade that took place back on Sep 05 ’24, which means that SOPHIA SCHWARTZ is holding shares at $41,193 based on the most recent closing price.

Stock Fundamentals for KIND

Current profitability levels for the company are sitting at:

  • -0.77 for the present operating margin
  • 0.82 for the gross margin

The net margin for Nextdoor Holdings Inc stands at -0.66. The total capital return value is set at -0.35. Equity return is now at value -28.37, with -24.42 for asset returns.

Based on Nextdoor Holdings Inc (KIND), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -1.17. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -32.57.

Currently, EBITDA for the company is -166.51 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 3.99. The receivables turnover for the company is 8.11for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 15.07.

Conclusion

In conclusion, Nextdoor Holdings Inc (KIND) has had a better performance lately. Opinion on the stock among analysts is mixed, 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.

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