Kyndryl Holdings Inc [NYSE: KD] stock went on a downward path that fall over -12.58% on Thursday, amounting to a one-week price decrease of less than -11.79%.
Over the last 12 months, KD stock rose by 73.36%. The one-year Kyndryl Holdings Inc stock forecast points to a potential upside of 24.71. The average equity rating for KD stock is currently 1.17, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $5.41 billion, with 230.40 million shares outstanding and 226.86 million shares in the current float. Compared to the average trading volume of 1.89M shares, KD stock reached a trading volume of 6955813 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $31.20 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 1.17. 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.
Oppenheimer have made an estimate for Kyndryl Holdings Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 27, 2024. While these analysts kept the previous recommendation, Susquehanna raised their target price from $19 to $27. The new note on the price target was released on February 12, 2024, representing the official price target for Kyndryl Holdings Inc stock. Previously, the target price had yet another raise to $26, while Evercore ISI analysts kept a Outperform rating on KD stock. On December 18, 2023, analysts increased their price target for KD shares from 20 to 25.
The Average True Range (ATR) for Kyndryl Holdings Inc is set at 0.95, with the Price to Sales ratio for KD stock in the period of the last 12 months amounting to 0.34. The Price to Book ratio for the last quarter was 5.33, with the Price to Cash per share for the same quarter was set at 6.74.
KD Stock Performance Analysis:
Kyndryl Holdings Inc [KD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.79. With this latest performance, KD shares dropped by -12.35% in over the last four-week period, additionally plugging by 14.47% over the last 6 months – not to mention a rise of 73.36% in the past year of trading.
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 29.16, with the RSI for the last a single of trading hit 21.96, and the three-weeks RSI is set at 35.12 for Kyndryl Holdings Inc [KD]. The present Moving Average for the last 50 days of trading for this stock 26.42, while it was recorded at 26.28 for the last single week of trading, and 21.72 for the last 200 days.
Insight into Kyndryl Holdings Inc Fundamentals:
Kyndryl Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.
Kyndryl Holdings Inc [KD] Institutonal Ownership Details
The top three institutional holders of KD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in KD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in KD stock with ownership which is approximately 5.1238%.
