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Saturday, December 9, 2023

The Question Is Whether To Buy Or Not To Buy Kyndryl Holdings Inc (NYSE: KD)

After Hours

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. After-hours trades for Kyndryl Holdings Inc (KD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.35, or 2.01%, to $17.80. The Kyndryl Holdings Inc has recorded 22,098 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that KYNDRYL REPORTS SECOND QUARTER FISCAL 2024 RESULTS AND RAISES ITS FULL-YEAR OUTLOOK.

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Stocks Info

Kyndryl Holdings Inc is listed on the NYSE as a member of the Technology sector and is a part of the Information Technology Services industry. At the end of the last regular session, the stock closed at $17.45 and fluctuated between $17.65 as its day high and $17.29 as its day low. The current market capitalization of Kyndryl Holdings Inc is $4.00B. A total of 0.9 million shares were traded on the day, compared to an average of 1.67M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, KD has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 4,150 shares. Over the last 12 months, there were 15 BUYs and 32 SELLs from insiders. Insiders purchased 804,143 shares during that period but sold 238,028.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for KD in the last 3 months, the mean price target is $20.75 with high estimates of $25.00 and low estimates of $19.00. In terms of 52-week highs and lows, KD has a high of $17.95 and a low of $9.81.

As of this writing, KD has an earnings estimate of -$0.25 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.39. The company reported an EPS of -$0.62 in the last quarter, which was 31.90% higher than expectations of -$0.91.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $4.42, while its Total Shareholder’s Equity was $2.77B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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