At the time of writing, Nextdoor Holdings Inc [KIND] stock is trading at $2.72, up 8.37%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KIND shares have lost -1.81% over the last week, with a monthly amount drifted -0.37%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
For the past year, the stock price of Nextdoor Holdings Inc fluctuated between $1.32 and $2.99. 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 $2.72 at the most recent close of the market. An investor can expect a potential return of 19.49% based on the average KIND price forecast.
Analyzing the KIND fundamentals
According to Nextdoor Holdings Inc [NYSE:KIND], the company’s sales were 228.09M for trailing twelve months, which represents an 11.26% jump. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.77%, Pretax Profit Margin comes in at -0.65%, and Net Profit Margin reading is -0.66%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.28 and Total Capital is -0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
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 2.49 points at the first support level, and at 2.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.88, and for the 2nd resistance point, it is at 3.05.
Ratios To Look Out For
It is important to note that Nextdoor Holdings Inc [NYSE:KIND] has a current ratio of 15.07. In addition, the Quick Ratio stands at 15.07 and the Cash Ratio stands at 1.62. Considering the valuation of this stock, the price to sales ratio is 4.65, the price to book ratio is 2.18.
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.
