Nextdoor Holdings Inc (NYSE:KIND) shares, rose in value, with the stock price up by 1.00% to the previous day’s close as strong demand from buyers drove the stock to $2.02.
Actively observing the price movement in the last trading, the stock closed the session at $2.00. 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 -10.62% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 231.82M, with a low estimate of 50.52M and a high estimate of 51M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 50.83M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KIND’s technical picture suggests that short-term indicators denote the stock is a Hold 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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of KIND currently trading nearly -2.81% and -3.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.84, while the 7-day volatility ratio is showing 3.95% which for the 30-day chart, stands at 3.85%. Furthermore, Nextdoor Holdings Inc (KIND)’s beta value is 1.00, and its average true range (ATR) is 0.09.
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 1.00% in last session, and over the past year, it shrunk by -4.72%%.
Data on historical trading for Nextdoor Holdings Inc (NYSE:KIND) indicates that the trading volumes over the past 3 months, they’ve averaged 1.66 million. According to company’s latest data on outstanding shares, there are 186.41 million shares outstanding.
Nearly 60.55% of Nextdoor Holdings Inc’s shares belong to company insiders and institutional investors own 24.04% of the company’s shares. The stock has risen by 6.88% 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.
