Kyndryl Holdings Inc (NYSE:KD) price on Friday, November 15, fall -1.20% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $27.92.
A look at the stock’s price movement, the close in the last trading session was $28.26, moving within a range at $27.3394 and $28.075. The beta value (5-Year monthly) was 1.719. Turning to its 52-week performance, $28.93 and $17.58 were the 52-week high and 52-week low respectively. Overall, KD moved 11.59% over the past month.
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Kyndryl Holdings Inc’s market cap currently stands at around $6.49 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-06.
Analysts have a consensus estimate of 3.87B for the company’s revenue for the quarter, with a low and high estimate of 3.85B and 3.93B respectively. The average forecast suggests down to a -1.59% 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 15.31B, representing a -4.62% 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 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend KD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KD’s current price about 10.57% and 15.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.47, while 7-day volatility ratio is 3.00% and 3.02% in the 30-day chart. Further, Kyndryl Holdings Inc (KD) has a beta value of 1.79, and an average true range (ATR) of 0.86. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $26 and high of $33. Looking at the price targets, the low is 6.88% off current price level while to achieve the yearly target high, price needs to move -18.19%. Nonetheless, investors will most likely welcome a -7.45% jump to $30 which is the analysts’ median price.
If we refocus on Kyndryl Holdings Inc (NYSE:KD), historical trading data shows that trading volumes averaged 2.59 over the past 10 days and 1.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 230.40 million shares.
The 1.50% of Kyndryl Holdings Inc’s shares are in the hands of company insiders while institutional holders own 75.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.2 million on 2024-10-31, giving us a short ratio of 6.99. The data shows that as of 2024-10-31 short interest in Kyndryl Holdings Inc (KD) stood at 505.99999999999994 of shares outstanding, with shares short falling to 9.78 million registered in 2024-09-30. Current price change has pushed the stock 34.36% 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.
