Nextdoor Holdings Inc (NYSE:KIND) price on current trading day, fall -24.30% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.88.
A look at the stock’s price movement, the level at last check in today’s session was $2.49. Turning to its 52-week performance, $2.99 and $1.91 were the 52-week high and 52-week low respectively. Overall, KIND moved -24.60% over the past month.
Nextdoor Holdings Inc’s market cap currently stands at around $720.34 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 53.2M for the company’s revenue for the quarter, with a low and high estimate of 52.92M and 53.48M respectively. The average forecast suggests up to a 0.10% 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 259.86M, representing a 5.09% jump 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 KIND is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell 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 3 analyst(s) rate the stock as a Hold, 0 recommend KIND 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KIND’s current price about -28.18% and -24.80% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 20.89, while 7-day volatility ratio is 5.01% and 3.93% in the 30-day chart. Further, Nextdoor Holdings Inc (KIND) has a beta value of 1.07, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $3.5, forecast between a low of $2.5 and high of $3.75. Looking at the price targets, the low is -32.98% off recent price level in today’s trading while to achieve the yearly target high, it has to move -99.47%. Nonetheless, investors will most likely welcome a -86.17% jump to $3.5 which is the analysts’ median price.
If we refocus on Nextdoor Holdings Inc (NYSE:KIND), historical trading data shows that trading volumes averaged 1.70 million over the past 3 months. The company’s latest data on shares outstanding shows there are 212.19 million shares.
The 49.43% of Nextdoor Holdings Inc’s shares are in the hands of company insiders while institutional holders own 34.70% of the company’s shares. Current price change has pushed the stock -20.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KIND stock continues to rise going into the next quarter.
