During the last session, Nextdoor Holdings Inc (NYSE:KIND)’s traded shares were 0.87 million, with the beta value of the company hitting 1.08. At the end of the trading day, the stock’s price was $2.47, reflecting an intraday gain of 2.07% or $0.05. The 52-week high for the KIND share is $2.99, that puts it down -21.05 from that peak though still a striking 46.56% gain since the share price plummeted to a 52-week low of $1.32. The company’s market capitalization is $938.38M, and the average intraday trading volume over the past 10 days was 1.06 million shares, and the average trade volume was 1.21 million shares over the past three months.
Nextdoor Holdings Inc (KIND) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. KIND has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.05.
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Nextdoor Holdings Inc (NYSE:KIND) trade information
Nextdoor Holdings Inc (KIND) registered a 2.07% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.07% in intraday trading to $2.47, hitting a weekly high. The stock’s 5-day price performance is 7.39%, and it has moved by 3.35% in 30 days. Based on these gigs, the overall price performance for the year is 40.34%. The short interest in Nextdoor Holdings Inc (NYSE:KIND) is 3.98 million shares and it means that shorts have 4.45 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.5, which implies an increase of 29.43% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $3.75 respectively. As a result, KIND is trading at a discount of -51.82% off the target high and -1.21% off the low.
Nextdoor Holdings Inc (KIND) estimates and forecasts
Statistics show that Nextdoor Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Nextdoor Holdings Inc (KIND) shares have gone up 14.88% during the last six months, with a year-to-date growth rate more than the industry average at 24.32% against 19.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.00% this quarter and then jump 60.00% in the quarter after that. In the rating firms’ projections, revenue will increase 10.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 62.44M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 62M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 56.25M and 55.56M respectively. In this case, analysts expect current quarter sales to grow by 11.00% and then jump by 11.60% in the coming quarter.
While earnings are projected to return 28.21% in 2024.
KIND Dividends
Nextdoor Holdings Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nextdoor Holdings Inc (NYSE:KIND)’s Major holders
Nextdoor Holdings Inc insiders own 1.77% of total outstanding shares while institutional holders control 60.94%, with the float percentage being 62.04%. VANGUARD GROUP INC is the largest shareholder of the company, while 197.0 institutions own stock in it. As of 2024-06-30, the company held over 16.46 million shares (or 4.1969% of all shares), a total value of $45.76 million in shares.
The next largest institutional holding, with 12.46 million shares, is of BLACKROCK INC.’s that is approximately 3.1777% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $34.65 million.
