Kyndryl Holdings Inc (NYSE: KD) on Friday, soared 0.97% from the previous trading day, before settling in for the closing price of $34.18. Within the past 52 weeks, KD’s price has moved between $19.19 and $36.43.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -5.92%. The company achieved an average annual earnings per share of 1153.08%. With a float of $228.88 million, this company’s outstanding shares have now reached $232.20 million.
Considering the fact that the conglomerate employs 80000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 19.76%, operating margin of 2.24%, and the pretax margin is 0.71%.
Kyndryl Holdings Inc (KD) Insider Activity
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Kyndryl Holdings Inc is 1.49%, while institutional ownership is 75.43%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1153.08% per share during the next fiscal year.
Kyndryl Holdings Inc (NYSE: KD) Trading Performance Indicators
Kyndryl Holdings Inc (KD) is currently performing well based on its current performance indicators. A quick ratio of 0.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.53. Likewise, its price to free cash flow for the trailing twelve months is 161.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 2.08 in one year’s time.
Technical Analysis of Kyndryl Holdings Inc (KD)
Compared to the last year’s volume of 1.77 million, its volume of 2.26 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 17.50%. Additionally, its Average True Range was 1.00.
During the past 100 days, Kyndryl Holdings Inc’s (KD) raw stochastic average was set at 87.28%, which indicates a significant increase from 34.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.50% in the past 14 days, which was lower than the 45.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.32, while its 200-day Moving Average is $25.26. Nevertheless, the first resistance level for the watch stands at $35.07 in the near term. At $35.63, the stock is likely to face the second major resistance level. The third major resistance level sits at $36.41. If the price goes on to break the first support level at $33.73, it is likely to go to the next support level at $32.95. Should the price break the second support level, the third support level stands at $32.39.
Kyndryl Holdings Inc (NYSE: KD) Key Stats
Market capitalization of the company is 8.09 billion based on 232,271K outstanding shares. Right now, sales total 16,052 M and income totals -340,000 K. The company made 3,774 M in profit during its latest quarter, and -43,000 K in sales during its previous quarter.
