Technical Outlook And Game Plan For Nextdoor Holdings Inc (NYSE: KIND)

Nextdoor Holdings Inc (KIND) concluded trading on Wednesday at a closing price of $2.59, with 0.49 million shares of worth about $1.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.85% during that period and on July 03, 2024 the price saw a loss of about -0.38%. Currently the company’s common shares owned by public are about 186.41M shares, out of which, 166.89M shares are available for trading.

Stock saw a price change of -2.63% in past 5 days and over the past one month there was a price change of 2.37%. Year-to-date (YTD), KIND shares are showing a performance of 37.04% which decreased to -21.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.32 but also hit the highest price of $3.38 during that period. The average intraday trading volume for Nextdoor Holdings Inc shares is 1.75 million. The stock is currently trading 2.11% above its 20-day simple moving average (SMA20), while that difference is up 8.03% for SMA50 and it goes to 30.65% higher than SMA200.

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Nextdoor Holdings Inc (NYSE: KIND) currently have 186.41M outstanding shares and institutions hold larger chunk of about 23.26% of that.

The stock has a current market capitalization of $1.01B and its 3Y-monthly beta is at 1.10. It has posted earnings per share of -$0.37 in the same period. It has Quick Ratio of 16.52 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KIND, volatility over the week remained 4.02% while standing at 5.45% over the month.

Stock’s fiscal year EPS is expected to rise by 38.15% while it is estimated to increase by 20.77% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on November 08, 2023 offering an In-line rating for the stock and assigned a target price range of between $5 and $3 to it. Coverage by Wells Fargo stated Nextdoor Holdings Inc (KIND) stock as an Equal weight in their note to investors on June 27, 2023, suggesting a price target of $3.50 for the stock. On April 20, 2022, Citigroup Initiated their recommendations, while on March 29, 2022, Truist Initiated their ratings for the stock with a price target of $7. Stock get an Equal-weight rating from Morgan Stanley on February 24, 2022.

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