Are You Interested In Investing In Kyndryl Holdings Inc. (KD)? Check This Out First

As of Friday close, Kyndryl Holdings Inc.’s (NYSE:KD) stock was up $0.32, moving up 3.01 percent to $10.95. The average number of shares traded per day over the past five days has been 2,425,100 shares. 2 times new highs have been achieved over the past 5 days, with a $0.48 gain in that time frame. In the last twenty days, the average volume was 1,994,520, while in the previous 50 days, it was 2,748,738.

Since last month, KD stock rose 5.90%. Shares of the company fell to $9.15 on 07/15/22, the lowest level in the past month. Since the beginning of this year, KD’s stock price has dropped by -39.50% or -$7.15, and marked a new high 1 time. However, the stock has declined by -78.94% since its 52-week high.

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Kyndryl Holdings Inc. (KD) last reported insider trading activity 74 days ago on May 24. GOLDMAN SACHS GROUP INC, the 10% Owner of the company, disposed of 380,000 shares for $12.20 on May 24. It resulted in a $4,636,000 divestment by the insider. INTERNATIONAL BUSINESS MACHINE sold 22,301,536 shares at an average price of $13.95 on May 19. The insider now owns 22,301,536 shares following the transaction. On May 13, Group President Keinan Elly bought 26,000 shares at $11.40 apiece. The transaction was valued at $296,351.

Financial Health

In the three months ended March 30, Kyndryl Holdings Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.19, and the total debt-to-equity ratio was 1.23. On the profitability front, the trailing twelve-month gross margin is 12.80% percent. In the year ended March 30, operating margins totaled -9.30%. Based on annual data, KD earned $2.09 billion in gross profit and brought in $18.66 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -39.10%. Return on equity (ROE) for the past 12 months was -52.80%.

In Kyndryl Holdings Inc.’s quarter-end financial report for March 30, it reported total debt of $3.13 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. KD’s revenue rose 100.0% to $4.58 billion during the quarter, while net income inched up to $4.56 billion. While analysts expected Kyndryl Holdings Inc. to report -$0.86 quarterly earnings, the actual figure was -$1.02 per share, beating the consensus estimate by -18.60%.

Technical Picture

This quick technical analysis looks at Kyndryl Holdings Inc.’s (KD) price momentum. With a historical volatility rate of 51.63%, the RSI 9-day stood at 62.14% on 05 August.

With respect to its five-day moving average, the current Kyndryl Holdings Inc. price is up by +4.58% percent or $0.48. At present, KD shares trade +6.73% above its 20-day simple moving average and -2.93% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.19% below its SMA50.

Stochastic coefficient K was 69.95% and Stochastic coefficient D was 69.24%, while ATR was 0.60. Given the Stochastic reading of 77.12% for the 14-day period, the RSI (14) reading has been calculated as 57.67%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 0.17.

Analyst Ratings

JP Morgan launched its rating on Kyndryl Holdings Inc. (NYSE: KD) to a Neutral in a note to investors on August 02, 2022. Kyndryl Holdings Inc. (KD) has been rated Hold by analysts. According to 0 brokerage firms, KD is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Kyndryl Holdings Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $15.00, the current consensus forecast for the stock is $12.00 – $18.00. Based on these forecasts, analysts predict Kyndryl Holdings Inc. (KD) will achieve an average price target of $15.00.


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