Nextdoor Holdings Inc (KIND) expanding its growth trajectory ahead

With 3.98 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.32 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $2.68 whereas the lowest price it dropped to was $2.51. The 52-week range on KIND shows that it touched its highest point at $2.99 and its lowest point at $1.32 during that stretch. It currently has a 1-year price target of $2.78. Beta for the stock currently stands at 1.10.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KIND was up-trending over the past week, with a rise of 5.79%, but this was up by 1.99% over a month. Three-month performance surged to 1.99% while six-month performance rose 9.40%. The stock gained 77.78% in the past year, while it has gained 35.45% so far this year. A look at the trailing 12-month EPS for KIND yields -0.33 with Next year EPS estimates of -0.16. For the next quarter, that number is -0.04. This implies an EPS growth rate of 32.05% for this year and 39.62% for next year.

Float and Shares Shorts:

At present, 382.14 million KIND shares are outstanding with a float of 188.61 million shares on hand for trading. On 2024-10-15, short shares totaled 3.98 million, which was 105.0 higher than short shares on 1726185600. In addition to Mr. Nirav N. Tolia as the firm’s Co-Founder, CEO, President & Chairperson of the Board, Mr. Matt Anderson serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 0.52797 of KIND’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, KIND reported revenue of $65610000.0 and operating income of -$20777000.0. The EBITDA in the recently reported quarter was -$20000000.0 and diluted EPS was -$0.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KIND since 3 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KIND analysts setting a high price target of 3.0 and a low target of 2.65, the average target price over the next 12 months is 2.78. Based on these targets, KIND could surge 17.19% to reach the target high and rise by 3.52% to reach the target low. Reaching the average price target will result in a growth of 8.59% from current levels.

Analysts have provided yearly estimates in a range of -$0.25519 being high and -$0.26016 being low. For KIND, this leads to a yearly average estimate of -$0.257675. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.05.