A new trading day began on Monday, with Nextdoor Holdings Inc (NYSE: KIND) stock price up 6.09% from the previous day of trading, before settling in for the closing price of $2.30. KIND’s price has ranged from $1.32 to $2.99 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 23.07%. Meanwhile, its annual earnings per share averaged 28.21%. With a float of $164.51 million, this company’s outstanding shares have now reached $186.41 million.
The extent of productivity of a business whose workforce counts for 594 workers is very important to gauge. In terms of profitability, gross margin is 81.8%, operating margin of -77.07%, and the pretax margin is -65.26%.
Nextdoor Holdings Inc (KIND) Insider Updates
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 56.70%, while institutional ownership is 24.81%. The most recent insider transaction that took place on Oct 17 ’24, was worth 82,169. In this transaction General Counsel and Secretary of this company sold 32,406 shares at a rate of $2.54, taking the stock ownership to the 272,260 shares. Before that another transaction happened on Oct 16 ’24, when Company’s General Counsel and Secretary sold 17,529 for $2.58, making the entire transaction worth $45,267. This insider now owns 304,666 shares in total.
Nextdoor Holdings Inc (KIND) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, 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 -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 28.21% 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 15.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.18 in one year’s time.
Technical Analysis of Nextdoor Holdings Inc (KIND)
The latest stats from [Nextdoor Holdings Inc, KIND] show that its last 5-days average volume of 1.24 million was inferior to 1.54 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 19.54%. Additionally, its Average True Range was 0.09.
During the past 100 days, Nextdoor Holdings Inc’s (KIND) raw stochastic average was set at 31.25%, which indicates a significant decrease from 46.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.04% in the past 14 days, which was lower than the 48.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.44, while its 200-day Moving Average is $2.30. Now, the first resistance to watch is $2.51. This is followed by the second major resistance level at $2.57. The third major resistance level sits at $2.67. If the price goes on to break the first support level at $2.34, it is likely to go to the next support level at $2.24. Assuming the price breaks the second support level, the third support level stands at $2.18.
Nextdoor Holdings Inc (NYSE: KIND) Key Stats
With a market capitalization of 926.98 million, the company has a total of 390,282K Shares Outstanding. Currently, annual sales are 218,310 K while annual income is -147,770 K. The company’s previous quarter sales were 63,290 K while its latest quarter income was -42,780 K.
