There Is Clear Momentum For Kyndryl Holdings Inc (NYSE: KD)

Kyndryl Holdings Inc (KD) concluded trading on Thursday at a closing price of $32.49, with 6.79 million shares of worth about $220.64 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.40% during that period and on November 21, 2024 the price saw a gain of about 13.88%. Currently the company’s common shares owned by public are about 230.40M shares, out of which, 228.79M shares are available for trading.

Stock saw a price change of 14.97% in past 5 days and over the past one month there was a price change of 35.32%. Year-to-date (YTD), KD shares are showing a performance of 56.35% which increased to 79.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.64 but also hit the highest price of $28.93 during that period. The average intraday trading volume for Kyndryl Holdings Inc shares is 1.60 million. The stock is currently trading 23.70% above its 20-day simple moving average (SMA20), while that difference is up 31.09% for SMA50 and it goes to 35.62% higher than SMA200.

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Kyndryl Holdings Inc (NYSE: KD) currently have 230.40M outstanding shares and institutions hold larger chunk of about 75.59% of that.

The stock has a current market capitalization of $7.55B and its 3Y-monthly beta is at 1.78. It has posted earnings per share of -$0.39 in the same period. It has Quick Ratio of 0.80 while making debt-to-equity ratio of 3.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KD, volatility over the week remained 4.98% while standing at 3.62% over the month.

Stock’s fiscal year EPS is expected to rise by 1154.55% while it is estimated to increase by 70.69% 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 Oppenheimer on June 27, 2024 offering an Outperform rating for the stock and assigned a target price of $33 to it. Coverage by Susquehanna stated Kyndryl Holdings Inc (KD) stock as a Positive in their note to investors on February 12, 2024, suggesting a price target of $27 for the stock. On January 08, 2024, Evercore ISI Upgrade their recommendations, while on December 18, 2023, JP Morgan Upgrade their ratings for the stock with a price target of $25. Stock get a Sector outperform rating from Scotiabank on April 21, 2023.

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