The stock of Nextdoor Holdings Inc. (NYSE:KIND) decreased by -$0.07 on Wednesday to $2.17, down -3.12 percent. The last five days have seen an average of 1,759,116 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $0.12. The average number of shares traded over the last 20 days was 1,779,539, while the average volume over the last 50 days totaled 2,147,709.
KIND stock dropped -30.45% since last month. On 08/16/23, the company’s shares reached a one-month low of $2.02. The stock touched a high of $3.61 on 06/30/23, after rallying from a low of $1.82 in 52 weeks. The price of KIND stock has risen by 5.34% or $0.12 this year, reaching a new high 15 times. Still, the stock price is down -39.89% from the 52-week high.
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Insider Transactions
KIND stock investors should be aware that Nextdoor Holdings Inc. (KIND) stock had its last reported insider trading activity 6 days ago on Aug 10. On Aug 10, Head of Legal and Secretary Orta John sold 2,500 shares at $2.48 each. This transaction resulted in the insider making $6,200. On Jul 10, Orta John sold 2,500 shares at a price of US$3.24. After the transaction, the insider now owns 558,923 shares. Head of Legal and Secretary Orta John had earlier sold 2,500 shares on Jun 12 for $2.90 a share. The transaction was completed for $7,250.
Valuation Metrics
Beta for the stock is 0.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.77, the price-to-book (PB) ratio of 1.40.
Financial Health
For the three months ended June 29, Nextdoor Holdings Inc.’s quick ratio was 16.00, while its current ratio was 16.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 81.30% percent. Nextdoor Holdings Inc.’s EBITDA margin for the year ended June 29 was -65.12%, whereas its operating margin stood at -71.50% for the same period. Based on annual data, it had gross profit of $173.78 million and revenue of $212.76 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KIND’s return on assets (ROA) during the last 12 months has been -19.70%. There was a -23.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -22.70%.
Earnings Surprise
According to Nextdoor Holdings Inc.’s quarterly financial report for the quarter that ended June 29, it had $477.32 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $56.89 million, while revenues rose by 4.13% to $49.77 million. It was predicted that Nextdoor Holdings Inc.’s quarterly earnings would be -$0.09, but it ended up being -$0.1. EBITDA was -$39.99 million for the quarter. At the end of Nextdoor Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 100.96 million, while its total debt was $69.45 million. Equity owned by shareholders amounts to $380.77 million.
Technical Picture
Here’s a quick look at Nextdoor Holdings Inc.’s (KIND) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 15.30%, suggesting the stock is oversold, with a 67.88% historical volatility rate.
The stochastic %K and %D were 7.70% and 8.71% respectively, while the average true range (ATR) was 0.18. Based on the 14-day stochastic reading of 14.10%, the RSI (14) reading is 22.67%. On the 9-day MACD Oscillator, the stock is at -0.28, and the 14-day reading is at -0.47.
Analyst Ratings
In its analyst report released on June 27, 2023, Wells Fargo began covering Nextdoor Holdings Inc. (NYSE: KIND). The stock was rated as an Equal weight by the brokerage firm. Analysts have assigned Nextdoor Holdings Inc. (KIND) an Hold rating. KIND is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is KIND’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.40 and $5.00, with a median target price of $3.23. In analyzing these forecasts, the average price target given by analysts for Nextdoor Holdings Inc. (KIND) is $3.35.
