Nextdoor Holdings Inc (KIND): A Case For Going Higher

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. Recently, Yahoo Finance discussed the stock, revealing that Nextdoor Announces Leadership Transition and Reports Preliminary Q4 2023 Financial Results.

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Stocks Info

This NYSE-listed company operates within the Internet Content & Information industry segment, falling under the Communication Services sector. The current market capitalization of Nextdoor Holdings Inc is $785.67M. A total of 2.69 million shares were traded on the day, compared to an average of 1.77M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, KIND has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 7 SELLs from insiders. Insiders purchased 0 shares during that period but sold 17,500.

In the most recent transaction, Orta John sold 2,500 shares of KIND for 1.80 per share on Feb 16. After the transaction, the Head of Legal and Secretary now owns 543,923 company shares. In a previous transaction on Jan 10, Orta John sold 2,500 shares at 1.66 per share. KIND shares that Head of Legal and Secretary owns now total 543,923.

Among the insiders who sold shares, Orta John disposed of 2,500 shares on Dec 11 at a per-share price of $1.70. This resulted in the Head of Legal and Secretary holding 546,423 shares of KIND after the transaction. In another insider transaction, Orta John sold 2,500 shares at $1.92 per share on Oct 10. Company shares held by the Head of Legal and Secretary now total 551,423.

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 KIND in the last 3 months, the mean price target is $2.52 with high estimates of $3.50 and low estimates of $1.75. In terms of 52-week highs and lows, KIND has a high of $3.41 and a low of $1.32.

As of this writing, KIND has an earnings estimate of -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.09 in the last quarter, which was 10.00% higher than expectations of -$0.1.

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. KIND’s latest balance sheet shows that the firm has $715.81M in Cash & Short Term Investments as of fiscal 2021. There were $68.73M in debt and $33.50M in liabilities at the time. Its Book Value Per Share was $1.49, while its Total Shareholder’s Equity was $744.99M.

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 KIND is Buy with a score of 3.00.

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