Kyndryl Holdings Inc [KD] stock is trading at $22.16, up 1.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The KD shares have gain 2.88% over the last week, with a monthly amount glided 2.50%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Kyndryl Holdings Inc [NYSE: KD] stock has seen the most recent analyst activity on February 12, 2024, when Susquehanna upgraded its rating to a Positive and also boosted its price target to $27 from $19. Previously, Evercore ISI upgraded its rating to Outperform on January 08, 2024, and kept the price target unchanged to $26. On December 18, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $25 on the stock. Scotiabank started tracking the stock assigning a Sector Outperform rating and suggested a price target of $22 on April 21, 2023. Susquehanna initiated its recommendation with a Neutral and recommended $14 as its price target on January 12, 2023. JP Morgan started tracking with a Neutral rating for this stock on August 02, 2022, and assigned it a price target of $12. In a note dated November 15, 2021, Evercore ISI initiated an In-line rating and provided a target price of $22 on this stock.
Kyndryl Holdings Inc [KD] stock has fluctuated between $11.35 and $22.90 over the past year. Currently, Wall Street analysts expect the stock to reach $26.5 within the next 12 months. Kyndryl Holdings Inc [NYSE: KD] shares were valued at $22.16 at the most recent close of the market. An investor can expect a potential return of 19.58% based on the average KD price forecast.
Analyzing the KD fundamentals
Kyndryl Holdings Inc [NYSE:KD] reported sales of 16.46B for the trailing twelve months, which represents a drop of -8.53%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.83 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.89 points at the first support level, and at 21.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.34, and for the 2nd resistance point, it is at 22.52.
Kyndryl Holdings Inc [KD] reported earnings per share of -$0.05 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.26/share, meaning a difference of $0.21 and a surprise factor of 80.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.62 per share as compared to estimates of -$0.65 per share, a difference of $0.03 representing a surprise of 4.60%.
Ratios To Look Out For
For context, Kyndryl Holdings Inc’s Current Ratio is 0.76. On the other hand, the Quick Ratio is 0.76, and the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 0.31, the price to book ratio is 4.29.
