Market Watch: Nextdoor Holdings Inc (KIND)’s Noteworthy Gain, Closing at 2.46

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As of close of business last night, Nextdoor Holdings Inc’s stock clocked out at $2.46, up 4.24% from its previous closing price of $2.36. In other words, the price has increased by $4.24 from its previous closing price. On the day, 1.65 million shares were traded. KIND stock price reached its highest trading level at $2.485 during the session, while it also had its lowest trading level at $2.325.

Ratios:

To gain a deeper understanding of KIND’s stock, we examine its different ratios. 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 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 18 ’24 when Schwartz Sophia sold 2,259 shares for $2.36 per share. The transaction valued at 5,331 led to the insider holds 232,370 shares of the business.

SOPHIA SCHWARTZ bought 2,259 shares of KIND for $5,354 on Nov 18 ’24. On Nov 07 ’24, another insider, Schwartz Sophia, who serves as the General Counsel and Secretary of the company, sold 42,148 shares for $2.76 each. As a result, the insider received 116,248 and left with 230,112 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 940071808 and an Enterprise Value of 558067072. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.96 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 2.349 whereas that against EBITDA is -5.034.

Stock Price History:

Over the past 52 weeks, KIND has reached a high of $2.99, while it has fallen to a 52-week low of $1.32. The 50-Day Moving Average of the stock is -0.06%, while the 200-Day Moving Average is calculated to be 3.77%.

Shares Statistics:

It appears that KIND traded 1.37M shares on average per day over the past three months and 3066110 shares per day over the past ten days. A total of 382.14M shares are outstanding, with a floating share count of 188.17M. Insiders hold about 50.76% of the company’s shares, while institutions hold 25.77% stake in the company. Shares short for KIND as of 1730332800 were 3764752 with a Short Ratio of 2.74, compared to 1727654400 on 3869653. Therefore, it implies a Short% of Shares Outstanding of 3764752 and a Short% of Float of 1.91.

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