Kyndryl Holdings Inc (KD): Are Investors Missing The Big Picture?

Kyndryl Holdings Inc (NYSE:KD) does about 1.66M shares in volume on a normal day but saw 2615198 shares change hands in Friday’s trading. The company now has a market cap of 6.27B USD. Its current market price is $27.27, marking an increase of 3.37% compared to the previous close of $26.38. The 52 week high reached by this stock is $26.70 whilst the lowest price level in 52 weeks is $11.35.

Kyndryl Holdings Inc (KD) has a 20-day trading average at $21.05 and the current price is 2.13% off the 52-week high compared with 140.16% distance from its 52-week low. The 50-day simple moving average of the closing price is $21.49 and its 200-day simple moving average is $18.61. If we look at the stock’s price movements over the week, volatility stands at 5.87%, which decreases to 3.86% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 81.05 to suggest the stock is overbought.

The consensus objective for the share price is $31.52, suggesting that the stock has a potential upside of 13.48% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 12, 2024 when Susquehanna upgraded the stock to “Positive” and issued a price target of between $19 and $27. Evercore ISI also upgraded the stock to “Outperform” from In-line on January 08, 2024 at a price target of $26. JP Morgan upgraded its price target at $20-$25.

Kyndryl Holdings Inc (KD) stock is up 32.77% over the week and 27.19% over the past month. Its price is 31.23% year-to-date and 91.37% over the past year.

To reach the target analysts have set, the stock logically needs to grow 13.48 percent from here.

The company has a return on investment of -7.53% and return on equity of -68.32%. The forward price to earnings ratio is 12.12. The beta has a value of 1.75. Price to book ratio is 5.28 and price to sales ratio is 0.39.