Kyndryl Holdings Inc (NYSE: KD)’s stock price has gone rise by 0.25 in comparison to its previous close of 28.08, however, the company has experienced a 22.44% increase in its stock price over the last five trading days. prnewswire.com reported 2024-11-12 that NEW YORK, Nov. 12, 2024 /PRNewswire/ — Kyndryl Holdings, Inc. (NYSE: KD), the world’s largest IT infrastructure services provider, will host an Investor Day event on Thursday, November 21 at 9:00 a.m. ET, as previously announced.
Is It Worth Investing in Kyndryl Holdings Inc (NYSE: KD) Right Now?
Moreover, the 36-month beta value for KD is 1.79. 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.”
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The public float for KD is 228.79M and currently, short sellers hold a 4.02% of that float. On November 13, 2024, KD’s average trading volume was 1.48M shares.
KD’s Market Performance
KD stock saw an increase of 22.44% in the past week, with a monthly gain of 13.33% and a quarterly increase of 21.55%. The volatility ratio for the week is 5.15%, and the volatility levels for the last 30 days are 2.80% for Kyndryl Holdings Inc (KD). The simple moving average for the last 20 days is 13.66% for KD’s stock, with a simple moving average of 18.93% 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 17.51% 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 -1.57% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 5.15%, as shares surge +12.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.46% upper at present.
During the last 5 trading sessions, KD rose by +22.44%, which changed the moving average for the period of 200-days by +33.16% in comparison to the 20-day moving average, which settled at $24.77. In addition, Kyndryl Holdings Inc saw 35.47% 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 -8.57, with -0.85 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 0.6. 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 0.80.
Conclusion
To wrap up, the performance of Kyndryl Holdings Inc (KD) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
