Kyndryl Holdings Inc (NYSE: KD) is 63.14% higher on its value in year-to-date trading and has touched a low of $17.64 and a high of $33.62 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 $33.05 in the last trading session, with the day’s gains setting it 0.85%.
Currently trading at $33.90, the stock is 24.54% and 34.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.73 million and changing 2.57% at the moment leaves the stock 40.81% off its SMA200. KD registered 87.50% gain for a year compared to 6-month loss of 24.59%. The firm has a 50-day simple moving average (SMA 50) of $24.9864 and a 200-day simple moving average (SMA200) of $24.0146.
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The stock witnessed a 40.84% gain in the last 1 month and extending the period to 3 months gives it a 44.44%, and is 20.81% 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 5.38% over the week and 3.82% over the month.
Kyndryl Holdings Inc (KD) has around 80000 employees, a market worth around $8.01B and $15.30B in sales. Fwd P/E is 16.21. Profit margin for the company is -0.58%. Distance from 52-week low is 92.18% and 0.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.87%).
with sales reaching $3.84B over the same period.The EPS is expected to grow by 1154.89% this year, but quarterly earnings will post -4.95% year-over-year. Quarterly sales are estimated to shrink -2.45% in year-over-year returns.
Kyndryl Holdings Inc (KD) Top Institutional Holders
824.0 institutions hold shares in Kyndryl Holdings Inc (KD), with institutional investors hold 76.78% of the company’s shares. The shares outstanding are 230.40M, and float is at 228.79M with Short Float at 4.02%. Institutions hold 76.20% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.76 million shares valued at $703.94 million. The investor’s holdings represent 11.6786% of the KD Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 23.16 million shares valued at $609.32 million to account for 10.1088 of the shares outstanding. The other top investors are NEUBERGER BERMAN GROUP LLC which holds 8.96 million shares representing 3.9112% and valued at over $235.74 million, while DIMENSIONAL FUND ADVISORS LP holds 3.2218 of the shares totaling 7.38 million with a market value of $194.19 million.
Kyndryl Holdings Inc (KD) Insider Activity
The most recent transaction is an insider sale by Khurana Vineet, the company’s SVP & Global Controller. SEC filings show that Khurana Vineet sold 30,430 shares of the company’s common stock on Jun 03 ’24 at a price of $26.36 per share for a total of $0.8 million. Following the sale, the insider now owns 78722.0 shares.
