A new trading day began on Tuesday, with Kyndryl Holdings Inc (NYSE: KD) stock price down -3.76% from the previous day of trading, before settling in for the closing price of $23.69. KD’s price has ranged from $13.87 to $28.60 over the past 52 weeks.
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A company in the Technology sector has dropped its sales by -5.92% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 1240.00%. With a float of $227.68 million, this company’s outstanding shares have now reached $230.40 million.
In an organization with 80000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 16.28%, operating margin of -1.49%, and the pretax margin is -4.04%.
Kyndryl Holdings Inc (KD) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Information Technology Services Industry. The insider ownership of Kyndryl Holdings Inc is 1.52%, while institutional ownership is 73.31%. The most recent insider transaction that took place on Jun 03 ’24, was worth 802,244. In this transaction SVP & Global Controller of this company sold 30,430 shares at a rate of $26.36, taking the stock ownership to the 78,722 shares.
Kyndryl Holdings Inc (KD) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.62 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 0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1240.00% per share during the next fiscal year.
Kyndryl Holdings Inc (NYSE: KD) Trading Performance Indicators
Here are Kyndryl Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.82, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 2.17 in one year’s time.
Technical Analysis of Kyndryl Holdings Inc (KD)
Let’s dig in a bit further. During the last 5-days, its volume was 1.68 million. That was inferior than the volume of 1.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 45.60%. Additionally, its Average True Range was 0.71.
During the past 100 days, Kyndryl Holdings Inc’s (KD) raw stochastic average was set at 38.07%, which indicates a significant increase from 10.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.42% in the past 14 days, which was lower than the 52.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.00, while its 200-day Moving Average is $22.57. However, in the short run, Kyndryl Holdings Inc’s stock first resistance to watch stands at $23.41. Second resistance stands at $24.02. The third major resistance level sits at $24.40. If the price goes on to break the first support level at $22.42, it is likely to go to the next support level at $22.04. Assuming the price breaks the second support level, the third support level stands at $21.43.
Kyndryl Holdings Inc (NYSE: KD) Key Stats
With a market capitalization of 5.27 billion, the company has a total of 230,513K Shares Outstanding. Currently, annual sales are 16,052 M while annual income is -340,000 K. The company’s previous quarter sales were 3,739 M while its latest quarter income was 11,000 K.
