Nextdoor Holdings Inc (NYSE:KIND) shares, rose in value, with the stock price down by -2.35% to the previous day’s close as strong demand from buyers drove the stock to $2.08.
Actively observing the price movement in the last trading, the stock closed the session at $2.13. The value of beta (5-year monthly) was 0.97. Referring to stock’s 52-week performance, its high was $3.41, and the low was $1.32. On the whole, KIND has fluctuated by -5.88% over the past month.
With the market capitalization of Nextdoor Holdings Inc currently standing at about $818.75 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.09, which is expected to increase to -$0.06 for fiscal year -$0.28 and then to about -$0.23 by fiscal year 2025. Data indicates that the EPS growth is expected to be 28.20% in 2025, while the next year’s EPS growth is forecast to be 17.90%.
Analysts have estimated the company’s revenue for the quarter at $50.83 million, with a low estimate of $50.52 million and a high estimate of $51 million. According to the average forecast, sales growth in current quarter could jump up 2.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $231.82 million, representing an increase of 6.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that KIND’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 25% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of KIND currently trading nearly -4.98% and 6.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.26, while the 7-day volatility ratio is showing 4.15% which for the 30-day chart, stands at 4.24%. Furthermore, Nextdoor Holdings Inc (KIND)’s beta value is 0.98, and its average true range (ATR) is 0.10.
A comparison of Nextdoor Holdings Inc (KIND) with its peers suggests the former has fared considerably weaker in the market. KIND showed an intraday change of -2.35% in last session, and over the past year, it shrunk by -2.80%%.
Data on historical trading for Nextdoor Holdings Inc (NYSE:KIND) indicates that the trading volumes over the past 10 days have averaged 0.99 million and over the past 3 months, they’ve averaged 1.75 million. According to company’s latest data on outstanding shares, there are 186.41 million shares outstanding.
Nearly 60.65% of Nextdoor Holdings Inc’s shares belong to company insiders and institutional investors own 21.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.98 million shares as on Mar 15, 2024, resulting in a short ratio of 1.54. According to the data, the short interest in Nextdoor Holdings Inc (KIND) stood at 1.01% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.04 million. The stock has risen by 10.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KIND stock heading into the next quarter.
