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Wednesday, December 6, 2023

There Is A Quest For Clarity Surrounding Kyndryl Holdings Inc (NYSE: KD) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Kyndryl Holdings Inc (KD) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.36, or -2.46%, to $14.27. The Kyndryl Holdings Inc has recorded 197,705 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Kyndryl and Dynatrace Announce Global Alliance to Enhance Customers’ Insights.

Stocks Info

This NYSE-listed company operates within the Information Technology Services industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $14.63 and fluctuated between $14.78 as its day high and $14.34 as its day low. The current market capitalization of Kyndryl Holdings Inc is $3.34B. A total of 1.47 million shares were traded on the day, compared to an average of 1.88M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, KD has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 14,016 shares. Over the last 12 months, there were 18 BUYs and 38 SELLs from insiders. Insiders purchased 956,943 shares during that period but sold 375,341.

In the most recent transaction, Keinan Elly bought 23,800 shares of KD for 9.19 per share on Nov 09. After the transaction, the Group President now owns 651,309 company shares. In a previous transaction on Nov 08, Schroeter Martin J bought 109,000 shares at 9.68 per share. KD shares that Chief Executive Officer owns now total 1,191,833.

Among the insiders who bought shares, Wyshner David B acquired of 20,000 shares on Nov 07 at a per-share price of $9.13. This resulted in the CFO holding 476,406 shares of KD after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for KD in the last 3 months, the mean price target is $19.25 with high estimates of $25.00 and low estimates of $15.00. In terms of 52-week highs and lows, KD has a high of $17.32 and a low of $8.02.

As of this writing, KD has an earnings estimate of -$0.63 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.53 per share and a lower estimate of -$0.74. The company reported an EPS of -$3.24 in the last quarter, which was -214.60% lower than expectations of -$1.03.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. KD’s latest balance sheet shows that the firm has $2.22B in Cash & Short Term Investments as of fiscal 2021. There were $4.60B in debt and $4.46B in liabilities at the time. Its Book Value Per Share was $5.42, while its Total Shareholder’s Equity was $2.77B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KD is Buy with a score of 3.50.

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