At the last check on Friday, Nextdoor Holdings Inc.’s (NYSE:KIND) stock was up $0.03, moving up 1.38 percent to $2.20. The average number of shares traded per day over the past five days has been 714,777 shares. 3 times new highs have been achieved over the past 5 days, with a $0.09 gain in that time frame. In the last twenty days, the average volume was 1,372,824, while in the previous 50 days, it was 2,062,134.
Since last month, KIND stock retreated -28.34%. Shares of the company fell to $2.02 on 08/16/23, the lowest level in the past month. A 52-week high of $3.61 was reached on 06/30/23 after having rallying from a 52-week low of $1.82. Since the beginning of this year, KIND’s stock price has risen by 6.80% or $0.14, and marked a new high 15 times. However, the stock has declined by -39.06% since its 52-week high.
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KIND stock investors should be aware that Nextdoor Holdings Inc. (KIND) stock had its last reported insider trading activity 15 days ago on Aug 17. Orta John, the Head of Legal and Secretary of the company, disposed of 2,500 shares for $2.21 on Aug 17. It resulted in a $5,534 divestment by the insider. Orta John sold 2,500 shares at an average price of $2.48 on Aug 10. The insider now owns 556,423 shares following the transaction. On Jul 10, Head of Legal and Secretary Orta John sold 2,500 shares at $3.24 apiece. The transaction was valued at $8,100.
Valuation Metrics
The stock’s beta is 0.80. Besides these, the trailing price-to-sales (P/S) ratio of 3.90, the price-to-book (PB) ratio of 1.42.
Financial Health
In the three months ended June 30, Nextdoor Holdings Inc.’s quick ratio stood at 16.00, while its current ratio was 16.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 81.30% percent. In the year ended June 30, EBITDA margin amounted to -65.12%, whereas operating margins totaled -71.50%. Based on annual data, KIND earned $173.78 million in gross profit and brought in $212.76 million 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 -23.90%. Return on equity (ROE) for the past 12 months was -22.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KIND’s revenue rose 4.13% to $49.77 million during the quarter, while net income inched up to $56.89 million. While analysts expected Nextdoor Holdings Inc. to report -$0.1 quarterly earnings, the actual figure was -$0.09 per share. During the quarter, the company generated -$39.99 million in EBITDA. The liabilities of Nextdoor Holdings Inc. were 100.96 million at the end of its most recent quarter ended June 30, and its total debt was $69.45 million. The value of shareholders’ equity is $380.77 million.
Technical Picture
This quick technical analysis looks at Nextdoor Holdings Inc.’s (KIND) price momentum. With a historical volatility rate of 26.74%, the RSI 9-day stood at 40.11% on 31 August.
With respect to its five-day moving average, the current Nextdoor Holdings Inc. price is up by +4.01% percent or $0.09. At present, KIND shares trade -26.25% below its 20-day simple moving average and -1.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.01% below its SMA50 and -9.63% below its SMA200.
Stochastic coefficient K was 40.09% and Stochastic coefficient D was 33.34%, while ATR was 0.10. Given the Stochastic reading of 54.41% for the 14-day period, the RSI (14) reading has been calculated as 35.45%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at 0.01.
Analyst Ratings
Wells Fargo launched its rating on Nextdoor Holdings Inc. (NYSE: KIND) to an Equal weight in a note to investors on June 27, 2023. Nextdoor Holdings Inc. (KIND) has been rated Hold by analysts. According to 0 brokerage firms, KIND is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Nextdoor Holdings Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $3.23, the current consensus forecast for the stock is $2.40 – $5.00. Based on these forecasts, analysts predict Nextdoor Holdings Inc. (KIND) will achieve an average price target of $3.35.
