Kyndryl Holdings Inc (NYSE: KD) is 7.51% higher on its value in year-to-date trading and has touched a low of $11.35 and a high of $22.90 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 KD stock was last observed hovering at around $22.34 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $22.34, the stock is 2.00% and 4.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.53 million and changing 0.00% at the moment leaves the stock 30.49% off its SMA200. KD registered 57.66% gain for a year compared to 6-month gain of 40.33%. The firm has a 50-day simple moving average (SMA 50) of $0.47 and a 200-day simple moving average (SMA200) of $8.04.
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The stock witnessed a 5.68% loss in the last 1 month and extending the period to 3 months gives it a 10.76%, and is 1.13% up 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 2.68% over the week and 2.70% over the month.
Kyndryl Holdings Inc (KD) has around 90000 employees, a market worth around $5.14B and $16.46B in sales. Fwd P/E is 18.89. Profit margin for the company is -6.27%. Distance from 52-week low is 96.74% and -2.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.84%).
Kyndryl Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.17 with sales reaching $3.76B over the same period.The EPS is expected to grow by 89.22% this year, but quarterly earnings will post -6.30% year-over-year. Quarterly sales are estimated to shrink -11.70% in year-over-year returns.
797 institutions hold shares in Kyndryl Holdings Inc (KD), with institutional investors hold 74.03% of the company’s shares. The shares outstanding are 227.70M, and float is at 226.69M with Short Float at 1.91%. Institutions hold 73.51% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 25.19 million shares valued at $334.58 million. The investor’s holdings represent 11.01% of the KD Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 20.51 million shares valued at $272.31 million to account for 8.96% of the shares outstanding. The other top investors are Jupiter Asset Management Limited which holds 16.33 million shares representing 7.13% and valued at over $216.84 million, while Dimensional Fund Advisors LP holds 3.81% of the shares totaling 8.72 million with a market value of $115.78 million.
