Oppenheimer has recently initiated Kyndryl Holdings Inc (KD) stock to Outperform rating, as announced on June 27, 2024, according to Finviz. Earlier, on February 12, 2024, Susquehanna had raised the stock from a Neutral to Positive, setting a price target of $27 for KD stock. Evercore ISI also raised rating with a price target of $26. Additionally, JP Morgan raised Overweight rating on December 18, 2023, with a target price of $25. Scotiabank analysts, in their report published on April 21, 2023, also initiated Sector Outperform rating and set a price target of $22 for Kyndryl Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Kyndryl Holdings Inc (KD) Stock Trading Recap
On Monday, Kyndryl Holdings Inc (KD) stock saw a decline, ending the day at $24.41 which represents a decrease of $-0.75 or -2.98% from the prior close of $25.16. The stock opened at $25 and touched a low of $24.22 during the day, reaching a high of $25.17. The volume of shares traded was 1.25 million falling short of the average volume of 1.57 million.
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KD Stock Performance and Moving Averages
In recent trading, Kyndryl Holdings Inc (KD) stock price has shown some volatility, fluctuating -1.73% over the last five trades and 2.22% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 22.17%, and it has plunged by -11.46% in the previous three months. Currently, KD is trading at 2.19%, 3.78%, and 4.49% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, KD, a Technology sector stock, is trading -14.65% below its 52-week high but remains 75.99% above its 52-week low. The Average True Range (ATR) (14 days) of 0.55 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Kyndryl Holdings Inc’s Profitability and Valuation Ratios
Kyndryl Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 1.45% and a profit margin of -1.21%, with a gross margin of 22.17%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Kyndryl Holdings Inc’s market capitalization stands at $5.64 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.22. Additionally, the Price-to-Sales Ratio is 0.36, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.66, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.50% of Kyndryl Holdings Inc (KD)’s shares, while financial institutions hold 72.60%.
Notable insider trades include Khurana Vineet, SVP & Global Controller at Kyndryl Holdings Inc (KD), who sold 30430 shares on Jun 03 ’24, at $26.36 each, totaling $0.80 million.
