In the past week, KD stock has gone up by 4.07%, with a monthly gain of 8.92% and a quarterly plunge of -7.88%. The volatility ratio for the week is 1.91%, and the volatility levels for the last 30 days are 2.38% for Kyndryl Holdings Inc The simple moving average for the last 20 days is 5.53% for KD stock, with a simple moving average of 7.51% for the last 200 days.
Is It Worth Investing in Kyndryl Holdings Inc (NYSE: KD) Right Now?
The 36-month beta value for KD is also noteworthy at 1.72. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for KD is 227.74M, and at present, short sellers hold a 4.29% of that float. The average trading volume of KD on October 17, 2024 was 1.59M shares.
KD) stock’s latest price update
The stock price of Kyndryl Holdings Inc (NYSE: KD) has surged by 0.40 when compared to previous closing price of 24.93, but the company has seen a 4.07% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-16 that Inaugural global study, with exclusive data from AI-powered Kyndryl Bridge, shows how executives rank risks, prioritize investments, and balance technology and talent Security and regulations top lists of executives’ concerns AI return on investment limited by skills, compliance, compatibility End-of-life technology a top challenge for CEOs Talent drives overall readiness NEW YORK, Oct. 16, 2024 /PRNewswire/ — Kyndryl today released the 2024 Kyndryl Readiness Report, which explores the paradox of why 90% of executives believe their IT infrastructure is best-in-class but only 39% of them think it’s ready to manage future risks. The report also shows how IT modernization is helping companies gain a competitive edge, even as just 42 percent of businesses currently see positive return on investment from AI.
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 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 -12.48% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares surge +6.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.39% upper at present.
During the last 5 trading sessions, KD rose by +4.07%, which changed the moving average for the period of 200-days by +20.45% in comparison to the 20-day moving average, which settled at $23.72. In addition, Kyndryl Holdings Inc saw 20.45% 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 0.55. 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
In summary, Kyndryl Holdings Inc (KD) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
