Kyndryl Holdings Inc. [NYSE: KD] gained 12.52% or 1.46 points to close at $13.12 with a heavy trading volume of 5111656 shares. The company report on May 4, 2022 that KYNDRYL REPORTS QUARTERLY RESULTS.
Revenues for the quarter ended March 31, 2022 total $4.4 billion, net loss is $229 million, pretax loss is $189 million, and adjusted pretax loss is $51 million.
Delivers early progress on its Alliances, Advanced Delivery and Accounts initiatives .
It opened the trading session at $11.45, the shares rose to $13.12 and dropped to $11.37, the range by which the price of stock traded the whole day. The daily chart for KD points out that the company has recorded -53.96% loss over the past six months. However, it is still -22.85% lower than its most recent low trading price.
If we look at the average trading volume of 1.88M shares, KD reached to a volume of 5111656 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Kyndryl Holdings Inc. [KD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KD shares is $19.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KD stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Kyndryl Holdings Inc. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on November 15, 2021.
The Average True Range (ATR) for Kyndryl Holdings Inc. is set at 0.68, with the Price to Sales ratio for KD stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 9.66.
Trading performance analysis for KD stock
Kyndryl Holdings Inc. [KD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.63. With this latest performance, KD shares gained by 1.16% in over the last four-week period, additionally sinking by -53.96% over the last 6 months .
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KD stock in for the last two-week period is set at 57.70, with the RSI for the last a single of trading hit 64.05, and the three-weeks RSI is set at 52.88 for Kyndryl Holdings Inc. [KD]. The present Moving Average for the last 50 days of trading for this stock 12.58, while it was recorded at 11.92 for the last single week of trading.
Kyndryl Holdings Inc. [KD]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Kyndryl Holdings Inc. [KD] shares currently have an operating margin of -3.70 and a Gross Margin at +11.18. Kyndryl Holdings Inc.’s Net Margin is presently recorded at -12.43.
Return on Equity for this stock declined to -61.26, with Return on Assets sitting at -18.99.
Kyndryl Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.
An analysis of insider ownership at Kyndryl Holdings Inc. [KD]
There are presently around $1,168 million, or 45.60% of KD stock, in the hands of institutional investors. The top three institutional holders of KD stocks are: VANGUARD GROUP INC with ownership of 17,928,827, which is approximately 19.627% of the company’s market cap and around 20.70% of the total institutional ownership; BLACKROCK INC., holding 15,320,271 shares of the stock with an approximate value of $178.63 million in KD stocks shares; and STATE STREET CORP, currently with $81.0 million in KD stock with ownership of nearly -32.371% of the company’s market capitalization.
Positions in Kyndryl Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 254 institutional holders increased their position in Kyndryl Holdings Inc. [NYSE:KD] by around 27,511,613 shares. Additionally, 1,203 investors decreased positions by around 27,171,674 shares, while 80 investors held positions by with 45,490,222 shares. The mentioned changes placed institutional holdings at 100,173,509 shares, according to the latest SEC report filing. KD stock had 113 new institutional investments in for a total of 10,841,086 shares, while 864 institutional investors sold positions of 9,209,387 shares during the same period.