1 day Ago By ABMN Staff
Kyndryl Holdings, Inc. ( NYSE:KD – Get Free Report ) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 9,320,000 shares, a decline of 12.
2% from the August 15th total of 10,610,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the short-interest ratio is presently 5.3 days.
Currently, 4.1% of the shares of the company are sold short. Kyndryl Price Performance Shares of Kyndryl stock traded up $0.
50 on Wednesday, reaching $23.48. The company’s stock had a trading volume of 1,704,822 shares, compared to its average volume of 1,690,567.
Kyndryl has a 52-week low of $13.87 and a 52-week high of $28.60.
The company has a market capitalization of $5.41 billion, a P/E ratio of -15.40, a PEG ratio of 4.
77 and a beta of 1.64. The company has a quick ratio of 1.
03, a current ratio of 1.03 and a debt-to-equity ratio of 2.82.
The stock has a 50-day moving average price of $24.33 and a 200-day moving average price of $23.95.
Kyndryl ( NYSE:KD – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
02 by $0.03. The company had revenue of $3.
74 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Kyndryl had a negative net margin of 1.
21% and a negative return on equity of 3.28%. Analysts expect that Kyndryl will post 0.
95 EPS for the current year. Institutional Inflows and Outflows Wall Street Analyst Weigh In Separately, Oppenheimer began coverage on Kyndryl in a report on Thursday, June 27th. They issued an “outperform” rating and a $33.
00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $29.
40. Read Our Latest Report on KD Kyndryl Company Profile ( Get Free Report ) Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.
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