A new trading day began on Tuesday, with Nextdoor Holdings Inc (NYSE: KIND) stock price down -0.47% from the previous day of trading ,before settling in for the closing price of $2.11. KIND’s price has ranged from $1.32 to $3.41 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 23.07%. Meanwhile, its annual earnings per share averaged 26.92%. With a float of $154.89 million, this company’s outstanding shares have now reached $186.41 million.
Let’s determine the extent of company efficiency that accounts for 594 employees.
Nextdoor Holdings Inc (KIND) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Internet Content & Information Industry. The insider ownership of Nextdoor Holdings Inc is 60.65%, while institutional ownership is 21.22%. The most recent insider transaction that took place on Feb 16 ’24, was worth 4,500. In this transaction Head of Legal and Secretary of this company sold 2,500 shares at a rate of $1.80, taking the stock ownership to the 543,923 shares. Before that another transaction happened on Jan 10 ’24, when Company’s Head of Legal and Secretary sold 2,500 for $1.66, making the entire transaction worth $4,150. This insider now owns 543,923 shares in total.
Nextdoor Holdings Inc (KIND) Earnings and Forecasts
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.1 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 26.92% per share during the next fiscal year.
Nextdoor Holdings Inc (NYSE: KIND) Trading Performance Indicators
Here are Nextdoor Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 16.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.24 in one year’s time.
Technical Analysis of Nextdoor Holdings Inc (KIND)
Looking closely at Nextdoor Holdings Inc (NYSE: KIND), its last 5-days average volume was 1.03 million, which is a drop from its year-to-date volume of 1.72 million. As of the previous 9 days, the stock’s Stochastic %D was 16.67%. Additionally, its Average True Range was 0.10.
During the past 100 days, Nextdoor Holdings Inc’s (KIND) raw stochastic average was set at 72.90%, which indicates a significant increase from 33.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.62% in the past 14 days, which was lower than the 54.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.99, while its 200-day Moving Average is $2.08. However, in the short run, Nextdoor Holdings Inc’s stock first resistance to watch stands at $2.14. Second resistance stands at $2.19. The third major resistance level sits at $2.21. If the price goes on to break the first support level at $2.07, it is likely to go to the next support level at $2.05. Should the price break the second support level, the third support level stands at $2.00.
Nextdoor Holdings Inc (NYSE: KIND) Key Stats
With a market capitalization of 826.62 million, the company has a total of 393,631K Shares Outstanding. Currently, annual sales are 218,310 K while annual income is -147,770 K. The company’s previous quarter sales were 55,560 K while its latest quarter income was -40,530 K.
