For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Nextdoor Holdings Inc (NYSE: KIND) closed at $2.15 up 6.97% from its previous closing price of $2.01. In other words, the price has increased by $6.97 from its previous closing price. On the day, 0.8 million shares were traded. KIND stock price reached its highest trading level at $2.15 during the session, while it also had its lowest trading level at $2.02.
Ratios:
For a deeper understanding of Nextdoor Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 16.01 and its Current Ratio is at 16.01. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 846306688 and an Enterprise Value of 326683104. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.85 while its Price-to-Book (P/B) ratio in mrq is 1.49. Its current Enterprise Value per Revenue stands at 1.496 whereas that against EBITDA is -2.102.
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 4.33%, while the 200-Day Moving Average is calculated to be 6.32%.
Shares Statistics:
For the past three months, KIND has traded an average of 1.65M shares per day and 956720 over the past ten days. A total of 186.41M shares are outstanding, with a floating share count of 154.22M. Insiders hold about 60.55% of the company’s shares, while institutions hold 24.09% stake in the company. Shares short for KIND as of 1711584000 were 4286867 with a Short Ratio of 2.60, compared to 1709164800 on 4662634. Therefore, it implies a Short% of Shares Outstanding of 4286867 and a Short% of Float of 2.41.
