Kyndryl Holdings Inc. [NYSE: KD] loss -1.92% or -0.22 points to close at $11.23 with a heavy trading volume of 3380080 shares. The company report on August 17, 2022 that EY announces alliance with Kyndryl to help organizations advance and accelerate their digital transformation journeys.
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Combines Kyndryl IT services expertise with strategy, business and technology consulting capabilities of EY US.
Helps clients navigate complex digital transformations from design, implementation to ongoing operations.
It opened the trading session at $11.24, the shares rose to $11.34 and dropped to $10.91, the range by which the price of stock traded the whole day. The daily chart for KD points out that the company has recorded -30.76% loss over the past six months. However, it is still -23.41% lower than its most recent low trading price.
If we look at the average trading volume of 2.95M shares, KD reached to a volume of 3380080 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 $15.00 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.
JP Morgan have made an estimate for Kyndryl Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 02, 2022. While these analysts kept the previous recommendation, Evercore ISI raised their target price to In-line. The new note on the price target was released on November 15, 2021, representing the official price target for Kyndryl Holdings Inc. stock.
The Average True Range (ATR) for Kyndryl Holdings Inc. is set at 0.60, with the Price to Sales ratio for KD stock in the period of the last 12 months amounting to 0.14. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 8.23.
Trading performance analysis for KD stock
Kyndryl Holdings Inc. [KD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.14. With this latest performance, KD shares gained by 7.46% in over the last four-week period, additionally sinking by -30.76% 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 56.33, with the RSI for the last a single of trading hit 57.08, and the three-weeks RSI is set at 54.38 for Kyndryl Holdings Inc. [KD]. The present Moving Average for the last 50 days of trading for this stock 10.27, while it was recorded at 11.27 for the last single week of trading, and 14.24 for the last 200 days.
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 1.20 and a Current Ratio set at 1.20.
An analysis of insider ownership at Kyndryl Holdings Inc. [KD]
There are presently around $1,560 million, or 52.70% of KD stock, in the hands of institutional investors. The top three institutional holders of KD stocks are: VANGUARD GROUP INC with ownership of 20,407,919, which is approximately 17.213% of the company’s market cap and around 11.10% of the total institutional ownership; GOLDMAN SACHS GROUP INC, holding 17,387,317 shares of the stock with an approximate value of $195.26 million in KD stocks shares; and BLACKROCK INC., currently with $188.51 million in KD stock with ownership of nearly 11.028% of the company’s market capitalization.
Positions in Kyndryl Holdings Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 245 institutional holders increased their position in Kyndryl Holdings Inc. [NYSE:KD] by around 55,989,954 shares. Additionally, 355 investors decreased positions by around 16,157,611 shares, while 140 investors held positions by with 66,733,975 shares. The mentioned changes placed institutional holdings at 138,881,540 shares, according to the latest SEC report filing. KD stock had 112 new institutional investments in for a total of 10,394,525 shares, while 107 institutional investors sold positions of 4,632,189 shares during the same period.