As of Wednesday close, Kyndryl Holdings Inc.’s (NYSE:KD) stock was up $0.39, moving up 2.44 percent to $16.36. The average number of shares traded per day over the past five days has been 1,261,600 shares. 2 times new highs have been achieved over the past 5 days, with a $0.37 gain in that time frame. In the last twenty days, the average volume was 2,492,480, while in the previous 50 days, it was 1,735,120.
Since last month, KD stock rose 20.74%. Shares of the company fell to $11.92 on 08/03/23, the lowest level in the past month. A 52-week high of $17.21 was reached on 02/15/23 after having rallying from a 52-week low of $7.93. Since the beginning of this year, KD’s stock price has risen by 47.12% or $5.24, and marked a new high 16 times. However, the stock has declined by -4.94% since its 52-week high.
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KD stock investors should be aware that Kyndryl Holdings Inc. (KD) stock had its last reported insider trading activity 295 days ago on Nov 09. Keinan Elly, the Group President of the company, purchased of 23,800 shares for $9.19 on Nov 09. It resulted in a $218,812 investment by the insider. Schroeter Martin J added 109,000 shares at an average price of $9.68 on Nov 08. The insider now owns 1,191,833 shares following the transaction. On Nov 07, CFO Wyshner David B bought 20,000 shares at $9.13 apiece. The transaction was valued at $182,504.
Valuation Metrics
The stock’s beta is 1.48. Besides these, the trailing price-to-sales (P/S) ratio of 0.22, the price-to-book (PB) ratio of 3.01.
Financial Health
In the three months ended June 29, Kyndryl Holdings Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, 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 June 29 was 2.54, and the total debt-to-equity ratio was 2.65. On the profitability front, the trailing twelve-month gross margin is 15.70% percent. In the year ended June 29, EBITDA margin amounted to 15.79%, whereas operating margins totaled -4.50%. Based on annual data, KD earned $2.53 billion in gross profit and brought in $17.03 billion in revenue.
In Kyndryl Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $3.15 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 fell -2.27% to $4.26 billion during the quarter, while net income inched up to $4.19 billion. While analysts expected Kyndryl Holdings Inc. to report -$0.91 quarterly earnings, the actual figure was -$0.62 per share, beating the consensus estimate by 31.90%. During the quarter, the company generated $812.0 million in EBITDA. The liabilities of Kyndryl Holdings Inc. were 9.65 billion at the end of its most recent quarter ended June 29, and its total debt was $4.26 billion. The value of shareholders’ equity is $228.89 million.
Technical Picture
This quick technical analysis looks at Kyndryl Holdings Inc.’s (KD) price momentum. With a historical volatility rate of 25.64%, the RSI 9-day stood at 65.19% on 30 August.
With respect to its five-day moving average, the current Kyndryl Holdings Inc. price is up by +2.31% percent or $0.37. At present, KD shares trade +22.64% above its 20-day simple moving average and +12.98% percent above its 100-day simple moving average. However, the stock is currently trading approximately +22.64% above its SMA50 and +59.45% above its SMA200.
Stochastic coefficient K was 65.65% and Stochastic coefficient D was 67.44%, while ATR was 0.58. Given the Stochastic reading of 68.87% for the 14-day period, the RSI (14) reading has been calculated as 64.46%. As of today, the MACD Oscillator reading stands at 0.24, while the 14-day reading stands at 0.13.
Analyst Ratings
Scotiabank launched its rating on Kyndryl Holdings Inc. (NYSE: KD) to a Sector outperform in a note to investors on April 21, 2023. Kyndryl Holdings Inc. (KD) has been rated Hold by analysts. According to 0 brokerage firms, KD is a sell, and 3 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 1 recommending it as overweight.
With a median target price of $17.50, the current consensus forecast for the stock is $15.00 – $25.00. Based on these forecasts, analysts predict Kyndryl Holdings Inc. (KD) will achieve an average price target of $18.75.
