Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
Nextdoor Holdings Inc (NYSE: KIND) closed the day trading at $2.46 up 8.37% from the previous closing price of $2.27. In other words, the price has increased by $8.37 from its previous closing price. On the day, 5.94 million shares were traded. KIND stock price reached its highest trading level at $2.49 during the session, while it also had its lowest trading level at $2.25.
Ratios:
For a better understanding of KIND, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 16.52 and its Current Ratio is at 16.52. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on November 08, 2023, Downgraded its rating to In-line and sets its target price to $3 from $5 previously.
On June 27, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $3.50.
On April 20, 2022, Citigroup started tracking the stock assigning a Neutral rating and target price of $6.50.Citigroup initiated its Neutral rating on April 20, 2022, with a $6.50 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 16 ’24 when Orta John sold 2,500 shares for $1.80 per share. The transaction valued at 4,500 led to the insider holds 543,923 shares of the business.
Anderson Matthew S sold 20,316 shares of KIND for $27,707 on Jan 15 ’24. The CFO and Treasurer now owns 109,510 shares after completing the transaction at $1.36 per share. On Jan 10 ’24, another insider, Orta John, who serves as the Head of Legal and Secretary of the company, sold 2,500 shares for $1.66 each. As a result, the insider received 4,150 and left with 543,923 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KIND now has a Market Capitalization of 963139200 and an Enterprise Value of 453260448. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.35 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at 2.045 whereas that against EBITDA is -2.993.
Stock Price History:
Over the past 52 weeks, KIND has reached a high of $3.41, while it has fallen to a 52-week low of $1.32. The 50-Day Moving Average of the stock is 15.36%, while the 200-Day Moving Average is calculated to be 25.09%.
Shares Statistics:
Over the past 3-months, KIND traded about 1.68M shares per day on average, while over the past 10 days, KIND traded about 1119540 shares per day. A total of 186.41M shares are outstanding, with a floating share count of 154.80M. Insiders hold about 60.48% of the company’s shares, while institutions hold 21.40% stake in the company. Shares short for KIND as of 1713139200 were 4476630 with a Short Ratio of 2.67, compared to 1710460800 on 3976260. Therefore, it implies a Short% of Shares Outstanding of 4476630 and a Short% of Float of 2.56.
