Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Nextdoor Holdings Inc (NYSE: KIND) was $2.65 for the day, up 6.00% from the previous closing price of $2.50. In other words, the price has increased by $6.00 from its previous closing price. On the day, 2.92 million shares were traded. KIND stock price reached its highest trading level at $2.77 during the session, while it also had its lowest trading level at $2.63.
Ratios:
Our analysis of KIND’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 17.53 and its Current Ratio is at 17.53. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
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, Craig Hallum on Jan-31-25, initiated with a Buy rating and assigned the stock a target price of $4.
On November 08, 2023, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also lowered its target price recommendation from $5 to $3.
On June 27, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $3.50.Wells Fargo initiated its Equal Weight rating on June 27, 2023, with a $3.50 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 09 ’24 when Schwartz Sophia sold 1,129 shares for $2.75 per share. The transaction valued at 3,105 led to the insider holds 214,407 shares of the business.
SOPHIA SCHWARTZ bought 1,129 shares of KIND for $3,026 on Dec 09 ’24. On Dec 02 ’24, another insider, Schwartz Sophia, who serves as the General Counsel and Secretary of the company, sold 16,834 shares for $2.45 each. As a result, the insider received 41,221 and left with 215,536 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 1012678976 and an Enterprise Value of 630674240. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.26 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 2.654 whereas that against EBITDA is -5.689.
Stock Price History:
The Beta on a monthly basis for KIND is 1.07, which has changed by 0.5243902 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, KIND has reached a high of $2.99, while it has fallen to a 52-week low of $1.52. The 50-Day Moving Average of the stock is 7.52%, while the 200-Day Moving Average is calculated to be 7.29%.
Shares Statistics:
KIND traded an average of 1.92M shares per day over the past three months and 1247910 shares per day over the past ten days. A total of 212.19M shares are outstanding, with a floating share count of 191.26M. Insiders hold about 49.95% of the company’s shares, while institutions hold 28.18% stake in the company. Shares short for KIND as of 1736899200 were 4370274 with a Short Ratio of 2.28, compared to 1734048000 on 3278808. Therefore, it implies a Short% of Shares Outstanding of 4370274 and a Short% of Float of 2.18.
