Nextdoor Holdings Inc (NYSE: KIND) is 11.11% higher on its value in year-to-date trading and has touched a low of $1.32 and a high of $3.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KIND stock was last observed hovering at around $2.15 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $2.10, the stock is 0.33% and 15.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.22 million and changing -2.33% at the moment leaves the stock -1.53% off its SMA200. KIND registered 2.94% gain for a year compared to 6-month loss of 5.53%. The firm has a 50-day simple moving average (SMA 50) of $1.66 and a 200-day simple moving average (SMA200) of -$2.17.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 15.38% gain in the last 1 month and extending the period to 3 months gives it a 12.30%, and is -5.41% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.05% over the week and 5.78% over the month.
Nextdoor Holdings Inc (KIND) has around 594 employees, a market worth around $826.62M and $218.31M in sales. Profit margin for the company is -67.69%. Distance from 52-week low is 59.09% and -38.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.87%).
Nextdoor Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $50.83M over the same period.The EPS is expected to grow by 26.92% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to grow 2.10% in year-over-year returns.
Nextdoor Holdings Inc (KIND) Top Institutional Holders
182 institutions hold shares in Nextdoor Holdings Inc (KIND), with institutional investors hold 65.46% of the company’s shares. The shares outstanding are 186.41M, and float is at 154.89M with Short Float at 3.01%. Institutions hold 65.03% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 11.46 million shares valued at $37.37 million. The investor’s holdings represent 6.47% of the KIND Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.56 million shares valued at $31.18 million to account for 5.40% of the shares outstanding. The other top investors are Nikko Asset Management Americas, Inc. which holds 8.33 million shares representing 4.70% and valued at over $27.15 million, while Sumitomo Mitsui Trust Holdings, Inc. holds 4.70% of the shares totaling 8.33 million with a market value of $27.15 million.
Nextdoor Holdings Inc (KIND) Insider Activity
The most recent transaction is an insider sale by Orta John,the company’sHead of Legal and Secretary. SEC filings show that Orta John sold 2,500 shares of the company’s common stock on Feb 16 ’24 at a price of $1.80 per share for a total of $4500.0. Following the sale, the insider now owns 0.54 million shares.
Nextdoor Holdings Inc disclosed in a document filed with the SEC on Jan 10 ’24 that Orta John (Head of Legal and Secretary) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Jan 10 ’24 and was made at $1.66 per share for $4150.0. Following the transaction, the insider now directly holds 0.54 million shares of the KIND stock.
Still, SEC filings show that on Dec 11 ’23, Orta John (Head of Legal and Secretary) disposed off 2,500 shares at an average price of $1.70 for $4250.0. The insider now directly holds 546,423 shares of Nextdoor Holdings Inc (KIND).
