A new trading day began on Monday, with Kyndryl Holdings Inc (NYSE: KD) stock price up 0.13% from the previous day of trading, before settling in for the closing price of $22.97. KD’s price has ranged from $14.75 to $28.60 over the past 52 weeks.
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Technology Sector giant saw their annual sales slid by -5.92% over the last five years. Meanwhile, its annual earnings per share averaged 1128.60%. With a float of $227.74 million, this company’s outstanding shares have now reached $230.40 million.
The firm has a total of 80000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 18.75%, operating margin of 1.87%, and the pretax margin is 0.03%.
Kyndryl Holdings Inc (KD) Insider Activity
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 1.50%, while institutional ownership is 72.79%. 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) Earnings and Forecasts
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 0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1128.60% 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 2.05 in one year’s time.
Technical Analysis of Kyndryl Holdings Inc (KD)
Analysing the last 5-days average volume posted by the [Kyndryl Holdings Inc, KD], we can find that recorded value of 1.45 million was lower than the volume posted last year of 1.64 million. As of the previous 9 days, the stock’s Stochastic %D was 8.21%. Additionally, its Average True Range was 0.55.
During the past 100 days, Kyndryl Holdings Inc’s (KD) raw stochastic average was set at 23.75%, which indicates a significant increase from 12.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.26% in the past 14 days, which was lower than the 33.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.60, while its 200-day Moving Average is $23.51. Now, the first resistance to watch is $23.29. This is followed by the second major resistance level at $23.57. The third major resistance level sits at $23.88. If the price goes on to break the first support level at $22.70, it is likely to go to the next support level at $22.39. Should the price break the second support level, the third support level stands at $22.11.
Kyndryl Holdings Inc (NYSE: KD) Key Stats
With a market capitalization of 5.34 billion, the company has a total of 231,207K 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.
