Kyndryl Holdings Inc (NYSE:KD) price on Thursday, August 01, fall -7.26% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $24.92.
A look at the stock’s price movement, the level at last check in today’s session was $26.87. Turning to its 52-week performance, $28.60 and $11.92 were the 52-week high and 52-week low respectively. Overall, KD moved -7.01% over the past month.
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Kyndryl Holdings Inc’s market cap currently stands at around $5.74 billion.
Analysts have a consensus estimate of 3.74B for the company’s revenue for the quarter, with a low and high estimate of 3.76B and 3.81B respectively. The average forecast suggests down to a -8.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 15.36B, representing a -4.30% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KD is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
KD’s current price about -6.87% and -5.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.96, while 7-day volatility ratio is 2.64% and 2.67% in the 30-day chart. Further, Kyndryl Holdings Inc (KD) has a beta value of 1.76, and an average true range (ATR) of 0.86.
If we refocus on Kyndryl Holdings Inc (NYSE:KD), historical trading data shows that trading volumes averaged 1.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 230.40 million shares.
The 1.58% of Kyndryl Holdings Inc’s shares are in the hands of company insiders while institutional holders own 72.89% of the company’s shares. Current price change has pushed the stock 19.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KD stock continues to rise going into the next quarter.
