Kyndryl Holdings Inc (NYSE:KD) finished Wednesday with an addition of $0.09 to close at $15.16, an upside of 0.60 percent. An average of 1,396,400 shares of common stock have been traded in the last five days. There was a fall of -$0.76 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 1,857,605 shares traded, while the 50-day average volume stands at 1,966,758.
KD stock has decreased by -6.65% in the last month. The company shares reached their 1-month lowest point of $14.96 on 09/27/23. With the stock rallying to its 52-week high on 09/11/23, shares of the company touched a low of $7.93 and a high of $17.32 in 52 weeks. It has reached a new high 17 times so far this year and achieved 36.33% or $4.04 in price. In spite of this, the price is down -12.47% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Kyndryl Holdings Inc (KD) stock’s beta is 1.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.20, the price-to-book (PB) ratio at 2.79.
Financial Health
The quick ratio of Kyndryl Holdings Inc for the three months ended June 29 was 0.78, and the current ratio was 0.78, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.08 and a total debt to equity ratio of 3.44 for the quarter ending June 29. Its gross profit as reported stood at $2.53 billion compared to revenue of $17.03 billion.
Earnings Surprise
For the three-month period that ended June 29, Kyndryl Holdings Inc had $3.15 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$141.0 million in the quarter, while revenues were shrunk -77.3%. The analyst consensus anticipated Kyndryl Holdings Inc’s latest quarter earnings to come in at -$0.91 per share, but it turned out to be -$0.62, a 31.90% surprise. For the quarter, EBITDA amounted to $812.0 million. Shareholders own equity worth $228.89 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Kyndryl Holdings Inc (KD) price momentum. RSI 9-day as of the close on 27 September was 34.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.47%.
As of today, KD’s price is $15.39 -4.77% or -$0.76 from its 5-day moving average. KD is currently trading -5.07% lower than its 20-day SMA and +7.52% higher than its 100-day SMA. However, the stock’s current price level is +17.43% above the SMA50 and +41.29% above the SMA200.
The stochastic %K and %D were 6.33% and 5.34%, respectively, and the average true range (ATR) was 0.48. With the 14-day stochastic at 8.48% and the average true range at 0.51, the RSI (14) stands at 41.71%. The stock has reached -0.36 on the 9-day MACD Oscillator while the 14-day reading was at -0.66.
Analyst Ratings
Scotiabank launched coverage on Kyndryl Holdings Inc (NYSE: KD) in its analyst report released on April 21, 2023. The firm assigned the stock a Sector outperform rating. The consensus rating for Kyndryl Holdings Inc (KD) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell KD, while 3 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”.
