Nextdoor Holdings Inc (KIND)’s latest performance is not what we had anticipated

On Monday, Nextdoor Holdings Inc (NYSE: KIND) opened higher 3.53% from the last session, before settling in for the closing price of $1.70. Price fluctuations for KIND have ranged from $1.32 to $3.41 over the past 52 weeks.

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A company in the Communication Services sector has jumped its sales by 33.30% annually for the last half of the decade. Company’s average yearly earnings per share was noted -9.72% at the time writing. With a float of $146.65 million, this company’s outstanding shares have now reached $153.69 million.

Nextdoor Holdings Inc (KIND) Insider Updates

A key investor’s attitude towards the stock of the Internet Content & Information industry is another important factor to consider. The insider ownership of Nextdoor Holdings Inc is 61.92%, while institutional ownership is 21.00%. The most recent insider transaction that took place on Jan 10, was worth 4,150. In this transaction Head of Legal and Secretary of this company sold 2,500 shares at a rate of $1.66, taking the stock ownership to the 543,923 shares. Before that another transaction happened on Dec 11, when Company’s Head of Legal and Secretary sold 2,500 for $1.70, making the entire transaction worth $4,250. This insider now owns 546,423 shares in total.

Nextdoor Holdings Inc (KIND) Performance Highlights and Predictions

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.1 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.1) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -9.72% per share during the next fiscal year.

Nextdoor Holdings Inc (NYSE: KIND) Trading Performance Indicators

Check out the current performance indicators for Nextdoor Holdings Inc (KIND). In the past quarter, the stock posted a quick ratio of 16.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.14.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.37, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.25 in one year’s time.

Technical Analysis of Nextdoor Holdings Inc (KIND)

Let’s dig in a bit further. During the last 5-days, its volume was 1.23 million. That was inferior than the volume of 1.32 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 95.21%. Additionally, its Average True Range was 0.08.

During the past 100 days, Nextdoor Holdings Inc’s (KIND) raw stochastic average was set at 57.14%, which indicates a significant decrease from 94.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.34% in the past 14 days, which was lower than the 59.80% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.7112, while its 200-day Moving Average is $2.1520. However, in the short run, Nextdoor Holdings Inc’s stock first resistance to watch stands at $1.7933. Second resistance stands at $1.8267. The third major resistance level sits at $1.8783. If the price goes on to break the first support level at $1.7083, it is likely to go to the next support level at $1.6567. Assuming the price breaks the second support level, the third support level stands at $1.6233.

Nextdoor Holdings Inc (NYSE: KIND) Key Stats

There are currently 385,128K shares outstanding in the company with a market cap of 677.83 million. Presently, the company’s annual sales total 212,770 K according to its annual income of -137,920 K. Last quarter, the company’s sales amounted to 56,090 K and its income totaled -38,120 K.