Kyndryl Holdings Inc (KD) Stock Up 1.34%: Is It a Good Investment?

Kyndryl Holdings Inc [KD] stock is trading at $28.08, up 1.34%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KD shares have gain 22.09% over the last week, with a monthly amount glided 13.27%, and 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:

Kyndryl Holdings Inc [NYSE: KD] stock has seen the most recent analyst activity on June 27, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $33. Previously, Susquehanna upgraded its rating to Positive on February 12, 2024, and elevated its price target to $27. On January 08, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $26 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $25 on December 18, 2023. Scotiabank initiated its recommendation with a Sector Outperform and recommended $22 as its price target on April 21, 2023. Susquehanna started tracking with a Neutral rating for this stock on January 12, 2023, and assigned it a price target of $14. In a note dated August 02, 2022, JP Morgan initiated an Neutral rating and provided a target price of $12 on this stock.

Kyndryl Holdings Inc [KD] stock has fluctuated between $16.95 and $28.60 over the past year. Currently, Wall Street analysts expect the stock to reach $29.8 within the next 12 months. Kyndryl Holdings Inc [NYSE: KD] shares were valued at $28.08 at the most recent close of the market. An investor can expect a potential return of 6.13% based on the average KD price forecast.

Analyzing the KD fundamentals

Kyndryl Holdings Inc [NYSE:KD] reported sales of 15.30B for the trailing twelve months, which represents a drop of -7.34%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.18 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.13.

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 27.60 points at the first support level, and at 27.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.47, and for the 2nd resistance point, it is at 28.87.

Ratios To Look Out For

For context, Kyndryl Holdings Inc’s Current Ratio is 0.80. Further, the Quick Ratio stands at 0.80, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 0.43, the price to book ratio is 6.12.