After finishing at $2.25 in the prior trading day, Nextdoor Holdings Inc (NYSE: KIND) closed at $2.22, down -1.33%. In other words, the price has decreased by -$0.0300 from its previous closing price. On the day, 977112 shares were traded.
Ratios:
Our goal is to gain a better understanding of KIND by taking a closer look at its different 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:
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.
Orta John sold 2,500 shares of KIND for $4,150 on Jan 10 ’24. The Head of Legal and Secretary now owns 543,923 shares after completing the transaction at $1.66 per share. On Dec 11 ’23, another insider, Orta John, who serves as the Head of Legal and Secretary of the company, sold 2,500 shares for $1.70 each. As a result, the insider received 4,250 and left with 546,423 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 885.67M and an Enterprise Value of 421.15M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.00 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 1.93 whereas that against EBITDA is -2.53.
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 1.7916, while the 200-Day Moving Average is calculated to be 2.1370.
Shares Statistics:
The stock has traded on average 2.02M shares per day over the past 3-months and 2.75M shares per day over the last 10 days, according to various share statistics. A total of 186.41M shares are outstanding, with a floating share count of 154.89M. Insiders hold about 60.65% of the company’s shares, while institutions hold 21.22% stake in the company. Shares short for KIND as of Feb 15, 2024 were 5.04M with a Short Ratio of 2.50, compared to 4.84M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.30% and a Short% of Float of 2.94%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.09, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.06 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.25 and -$0.31 for the fiscal current year, implying an average EPS of -$0.28. EPS for the following year is -$0.23, with 3 analysts recommending between -$0.21 and -$0.26.
Revenue Estimates
5 analysts predict $50.83M in revenue for the current quarter. It ranges from a high estimate of $51M to a low estimate of $50.52M. As of the current estimate, Nextdoor Holdings Inc’s year-ago sales were $49.77M, an estimated increase of 2.10% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $56.45M, a decrease of -0.80% less than the figure of $2.10% in the same quarter last year. There is a high estimate of $59.03M for the next quarter, whereas the lowest estimate is $52.2M.
A total of 6 analysts have provided revenue estimates for KIND’s current fiscal year. The highest revenue estimate was $237.3M, while the lowest revenue estimate was $227.2M, resulting in an average revenue estimate of $231.82M. In the same quarter a year ago, actual revenue was $218.31M, up 6.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $265.86M in the next fiscal year. The high estimate is $277.09M and the low estimate is $253M. The average revenue growth estimate for next year is up 14.70% from the average revenue estimate for this year.
