Is Wall Street High Or Low On Nextdoor Holdings Inc. (KIND)?

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Nextdoor Holdings Inc. (NYSE:KIND) finished Wednesday with an addition of $0.1 to close at $3.14, an upside of 3.29 percent. An average of 3,561,020 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 2,432,740 shares traded, while the 50-day average volume stands at 2,563,204.

KIND stock has decreased by -5.99% in the last month. The company shares reached their 1-month lowest point of $2.88 on 09/07/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $2.47 and a high of $18.59 in 52 weeks. It has reached a new high 1 time so far this year and lost -60.20% or -$4.75 in price. In spite of this, the price is down -83.11% from the 52-week high.


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Insider Transactions

36 days have passed since Nextdoor Holdings Inc. (KIND) last reported insider trading activity. Orta John, who is Head of Legal and Secretary, most recently acquired $2,500 shares at $3.44 per share on Aug 17.

Valuation Metrics

Nextdoor Holdings Inc. (KIND) has a trailing price-to-sales (P/S) ratio at 4.18, the price-to-book (PB) ratio at 1.73.

Financial Health

The quick ratio of Nextdoor Holdings Inc. for the three months ended June 29 was 21.20, and the current ratio was 21.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $163.38 million compared to revenue of $192.2 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nextdoor Holdings Inc.’s return on assets was -20.60%.

Earnings Surprise

For the three-month period that ended June 29, Nextdoor Holdings Inc. had $626.1 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$36.84 million in the quarter, while revenues of -$32.95 million were grew 91.15%. The analyst consensus anticipated Nextdoor Holdings Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.1, a -66.70% surprise. For the quarter, EBITDA amounted to -$36.88 million. Shareholders own equity worth $381.47 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Nextdoor Holdings Inc. (KIND) price momentum. RSI 9-day as of the close on 21 September was 45.97%, suggesting the stock is Neutral, with historical volatility in this time frame at 76.98%.

As of today, KIND’s price is $3.27 -4.27% or -$0.14 from its 5-day moving average. KIND is currently trading -2.18% lower than its 20-day SMA and -31.14% lower than its 100-day SMA. However, the stock’s current price level is -14.67% below the SMA50 and -69.03% below the SMA200.

The stochastic %K and %D were 34.25% and 50.08%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 35.62% and the average true range at 0.23, the RSI (14) stands at 47.11%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.

Analyst Ratings

Citigroup launched coverage on Nextdoor Holdings Inc. (NYSE: KIND) in its analyst report released on April 20, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Nextdoor Holdings Inc. (KIND) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell KIND, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is KIND’s price target for the next 12 months?

Analysts predict a range of price targets between $2.50 and $6.00, with a median target of $3.75. Taking a look at these predictions, the average price target given by analysts for Nextdoor Holdings Inc. (KIND) stock is $3.95.

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