Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Nextdoor Holdings Inc (NYSE: KIND) was $2.41 for the day, up 9.05% from the previous closing price of $2.21. In other words, the price has increased by $9.05 from its previous closing price. On the day, 2.73 million shares were traded. KIND stock price reached its highest trading level at $2.4299 during the session, while it also had its lowest trading level at $2.19.
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 16.52 and its Current Ratio is at 16.52. 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:
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 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 940579584 and an Enterprise Value of 507899904. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.24 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 2.291 whereas that against EBITDA is -3.354.
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 7.65%, while the 200-Day Moving Average is calculated to be 23.99%.
Shares Statistics:
KIND traded an average of 1.59M shares per day over the past three months and 2650250 shares per day over the past ten days. A total of 186.41M shares are outstanding, with a floating share count of 166.95M. Insiders hold about 57.22% of the company’s shares, while institutions hold 23.28% stake in the company. Shares short for KIND as of 1715731200 were 3675417 with a Short Ratio of 2.32, compared to 1713139200 on 4476630. Therefore, it implies a Short% of Shares Outstanding of 3675417 and a Short% of Float of 2.11.
