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After finishing at $24.01 in the prior trading day, Kyndryl Holdings Inc (NYSE: KD) closed at $24.08, up 0.29%. In other words, the price has increased by $0.29 from its previous closing price. On the day, 0.8 million shares were traded. KD stock price reached its highest trading level at $24.285 during the session, while it also had its lowest trading level at $23.98.
Ratios:
Our goal is to gain a better understanding of KD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 4.13 whereas as Long-Term Debt/Eq ratio is at 3.73.
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 this company, Oppenheimer on June 27, 2024, initiated with a Outperform rating and assigned the stock a target price of $33.
On February 12, 2024, Susquehanna Upgraded its rating to Positive which previously was Neutral and also upped its target price recommendation from $19 to $27.
Evercore ISI Upgraded its In-line to Outperform on January 08, 2024, while the target price for the stock was maintained at $26.
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 Jun 03 ’24 when Khurana Vineet sold 30,430 shares for $26.36 per share. The transaction valued at 802,244 led to the insider holds 78,722 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KD now has a Market Capitalization of 5567464960 and an Enterprise Value of 8519476224. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 5.58. Its current Enterprise Value per Revenue stands at 0.546 whereas that against EBITDA is 8.528.
Stock Price History:
Over the past 52 weeks, KD has reached a high of $28.60, while it has fallen to a 52-week low of $13.87. The 50-Day Moving Average of the stock is 2.04%, while the 200-Day Moving Average is calculated to be 2.83%.
Shares Statistics:
The stock has traded on average 1.55M shares per day over the past 3-months and 1100250 shares per day over the last 10 days, according to various share statistics. A total of 230.40M shares are outstanding, with a floating share count of 227.74M. Insiders hold about 1.50% of the company’s shares, while institutions hold 72.63% stake in the company. Shares short for KD as of 1727654400 were 9778236 with a Short Ratio of 6.31, compared to 1724976000 on 9319336. Therefore, it implies a Short% of Shares Outstanding of 9778236 and a Short% of Float of 5.41.
