The stock of Kyndryl Holdings Inc. (NYSE:KD) increased by $0.12 on Tuesday to $16.66, up 0.73 percent. The last five days have seen an average of 2,950,500 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $5.40. The average number of shares traded over the last 20 days was 2,315,855, while the average volume over the last 50 days totaled 1,796,712.
KD stock appreciated 30.56% since last month. On 08/03/23, the company’s shares reached a one-month low of $11.92. The stock touched a high of $17.21 on 02/15/23, after rallying from a low of $7.93 in 52 weeks. The price of KD stock has risen by 49.82% or $5.40 this year, reaching a new high 16 times. Still, the stock price is down -3.20% from the 52-week high.
Insider Transactions
KD stock investors should be aware that Kyndryl Holdings Inc. (KD) stock had its last reported insider trading activity 279 days ago on Nov 09. On Nov 09, Group President Keinan Elly acquired 23,800 shares at $9.19 each. This transaction resulted in the insider spending $218,812. On Nov 08, Schroeter Martin J added 109,000 shares at a price of US$9.68. After the transaction, the insider now owns 1,191,833 shares. CFO Wyshner David B had earlier bought 20,000 shares on Nov 07 for $9.13 a share. The transaction was completed for $182,504.
Valuation Metrics
Beta for the stock is 1.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.23, the price-to-book (PB) ratio of 3.06.
Financial Health
For the three months ended June 29, Kyndryl Holdings Inc.’s quick ratio was 1.00, while its current ratio was 1.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.54, and the total debt to equity ratio is 2.65. As far as profitability goes, gross margin for the trailing twelve months is 15.70% percent. Kyndryl Holdings Inc.’s EBITDA margin for the year ended June 29 was 15.79%, whereas its operating margin stood at -4.50% for the same period. Based on annual data, it had gross profit of $2.53 billion and revenue of $17.03 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KD’s return on assets (ROA) during the last 12 months has been -11.00%. There was a -30.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -83.20%.
Earnings Surprise
According to Kyndryl Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.19 billion, while revenues fell by -2.27% to $4.26 billion. It was predicted that Kyndryl Holdings Inc.’s quarterly earnings would be $0, but it ended up being -$0.91. EBITDA was $812.0 million for the quarter. At the end of Kyndryl Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 9.65 billion, while its total debt was $4.26 billion. Equity owned by shareholders amounts to $228.89 million.
Technical Picture
Here’s a quick look at Kyndryl Holdings Inc.’s (KD) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 76.89%, suggesting the stock is Overbought, with a 108.15% historical volatility rate.
The stochastic %K and %D were 93.48% and 92.55% respectively, while the average true range (ATR) was 0.82. Based on the 14-day stochastic reading of 93.79%, the RSI (14) reading is 72.68%. On the 9-day MACD Oscillator, the stock is at 1.68, and the 14-day reading is at 2.15.
Analyst Ratings
In its analyst report released on April 21, 2023, Scotiabank began covering Kyndryl Holdings Inc. (NYSE: KD). The stock was rated as a Sector outperform by the brokerage firm.
What is KD’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $25.00, with a median target price of $16.50. In analyzing these forecasts, the average price target given by analysts for Kyndryl Holdings Inc. (KD) is $18.25.
