Klaviyo Inc (NYSE:KVYO) shares, rose in value on Friday, November 01, with the stock price up by 4.23% to the previous day’s close as strong demand from buyers drove the stock to $39.64.
Actively observing the price movement in the last trading, the stock closed the session at $38.03, falling within a range of $37.71 and $39.93. Referring to stock’s 52-week performance, its high was $39.92, and the low was $21.26. On the whole, KVYO has fluctuated by 13.81% over the past month.
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With the market capitalization of Klaviyo Inc currently standing at about $10.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 915.6M, with a low estimate of 225.03M and a high estimate of 227.03M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 226.34M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KVYO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of KVYO currently trading nearly 5.38% and 14.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.94, while the 7-day volatility ratio is showing 3.29% which for the 30-day chart, stands at 2.74%. Furthermore, Klaviyo Inc (KVYO)’s beta value is 1.14, and its average true range (ATR) is 1.14.
A comparison of Klaviyo Inc (KVYO) with its peers suggests the former has fared considerably weaker in the market. KVYO showed an intraday change of 4.23% in last session, and over the past year, it grew by 39.28%%.
Data on historical trading for Klaviyo Inc (NYSE:KVYO) indicates that the trading volumes over the past 10 days have averaged 0.75 and over the past 3 months, they’ve averaged 1.09 million. According to company’s latest data on outstanding shares, there are 266.67 million shares outstanding.
Nearly 82.92% of Klaviyo Inc’s shares belong to company insiders and institutional investors own 20.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.32 million shares as on 2024-10-15, resulting in a short ratio of 9.76. According to the data, the short interest in Klaviyo Inc (KVYO) stood at 1147.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 9.53 million. The stock has risen by 42.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KVYO stock heading into the next quarter.
