In the last trading session, 7.03 million Kyndryl Holdings Inc. (NYSE:KD) shares changed hands as the company’s beta touched 1.47. With the company’s per share price at $16.02 changed hands at -$0.17 or -1.05% during last session, the market valuation stood at $3.71B. KD’s last price was a discount, traded about -8.11% off its 52-week high of $17.32. The share price had its 52-week low at $7.93, which suggests the last value was 50.5% up since then. When we look at Kyndryl Holdings Inc.’s average trading volume, we note the 10-day average is 2.15 million shares, with the 3-month average coming to 1.73 million.
Analysts gave the Kyndryl Holdings Inc. (KD) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.70. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended KD as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Kyndryl Holdings Inc.’s EPS for the current quarter is expected to be -$0.65.
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Kyndryl Holdings Inc. (NYSE:KD) trade information
Instantly KD was in red as seen at the end of in last trading. With action -5.32%, the performance over the past five days has been red. The drop to weekly highs of 17.32 on Friday, 09/15/23 subtracted -1.05% to the stock’s daily price. The company’s shares are showing year-to-date upside of 44.06%, with the 5-day performance at -5.32% in the red. However, in the 30-day time frame, Kyndryl Holdings Inc. (NYSE:KD) is -1.66% down. Looking at the short shares, we see there were 4.78 million shares sold at short interest cover period of 2.04 days.
The consensus price target for the stock as assigned by Wall Street analysts is $18.75, meaning bulls need an upside of 14.56% from its current market value. According to analyst projections, KD’s forecast low is $15.00 with $25.00 as the target high. To hit the forecast high, the stock’s price needs a -56.05% plunge from its current level, while the stock would need to tank 6.37% for it to hit the projected low.
Kyndryl Holdings Inc. (KD) estimates and forecasts
Data shows that the Kyndryl Holdings Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 15.25% over the past 6 months, a 76.32% in annual growth rate that is considerably higher than the industry average of 17.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Kyndryl Holdings Inc. will rise 47.60%, while the growth in revenue is estimated to hit 6.40% for the next quarter. Year-over-year growth is forecast to reach -5.70% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $3.98 billion. 4 analysts are of the opinion that Kyndryl Holdings Inc.’s revenue for the quarter ending Dec 2023 will be $4.03 billion.
The 2023 estimates are for Kyndryl Holdings Inc. earnings to increase by 41.40%.
KD Dividends
Kyndryl Holdings Inc. is expected to release its next quarterly earnings report in October.
Kyndryl Holdings Inc. (NYSE:KD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.54% of Kyndryl Holdings Inc. shares while 66.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.33%. There are 66.97% institutions holding the Kyndryl Holdings Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 11.01% of the shares, roughly 25.19 million KD shares worth $334.58 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 8.96% or 20.51 million shares worth $272.31 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. With 7.12 million shares estimated at $94.51 million under it, the former controlled 3.11% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 2.88% of the shares, roughly 6.6 million shares worth around $111.39 million.
