Nextdoor Holdings Inc [KIND] stock is trading at $2.11, down -1.86%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KIND shares have gain 9.33% over the last week, with a monthly amount drifted -0.94%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nextdoor Holdings Inc [NYSE: KIND] stock has seen the most recent analyst activity on November 08, 2023, when Evercore ISI downgraded its rating to a In-line and also revised its price target to $3 from $5. Previously, Wells Fargo started tracking the stock with Equal Weight rating on June 27, 2023, and set its price target to $3.50. On April 20, 2022, Citigroup initiated with a Neutral rating and assigned a price target of $6.50 on the stock. Truist started tracking the stock assigning a Hold rating and suggested a price target of $7 on March 29, 2022. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $7 as its price target on February 24, 2022. Goldman started tracking with a Neutral rating for this stock on January 07, 2022, and assigned it a price target of $10. In a note dated November 23, 2021, Evercore ISI initiated an Outperform rating and provided a target price of $16 on this stock.
Nextdoor Holdings Inc [KIND] stock has fluctuated between $1.32 and $3.41 over the past year. Currently, Wall Street analysts expect the stock to reach $3.25 within the next 12 months. Nextdoor Holdings Inc [NYSE: KIND] shares were valued at $2.11 at the most recent close of the market. An investor can expect a potential return of 54.03% based on the average KIND price forecast.
Analyzing the KIND fundamentals
Nextdoor Holdings Inc [NYSE:KIND] reported sales of 218.31M for the trailing twelve months, which represents a growth of 4.29%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.79%, Pretax Profit Margin comes in at -0.67%, and Net Profit Margin reading is -0.68%. To continue investigating profitability, this company’s Return on Assets is posted at -0.23, Equity is -0.26 and Total Capital is -0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
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 2.09 points at the first support level, and at 2.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.15, and for the 2nd resistance point, it is at 2.18.
Nextdoor Holdings Inc [KIND] reported earnings per share of -$0.1 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.1/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.1 per share as compared to estimates of -$0.1 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
For context, Nextdoor Holdings Inc’s Current Ratio is 16.01. Also, the Quick Ratio is 16.01, while the Cash Ratio stands at 1.7. Considering the valuation of this stock, the price to sales ratio is 3.78, the price to book ratio is 1.47.
Transactions by insiders
Recent insider trading involved Orta John, Head of Legal and Secretary, that happened on Feb 16 ’24 when 2500.0 shares were sold. CFO and Treasurer, Anderson Matthew S completed a deal on Jan 15 ’24 to sell 20316.0 shares. Meanwhile, Head of Legal and Secretary Orta John sold 2500.0 shares on Jan 10 ’24.
