Nextdoor Holdings Stock Probability of Future Stock Price Finishing Under 1.68
| KIND Stock | USD 2.41 0.01 0.41% |
Nextdoor |
Nextdoor Holdings Target Price Odds to finish below 1.68
The tendency of Nextdoor Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 1.68 or more in 90 days |
| 2.41 | 90 days | 1.68 | near 1 |
Based on a normal probability distribution, the odds of Nextdoor Holdings to drop to $ 1.68 or more in 90 days from now is near 1 (This Nextdoor Holdings probability density function shows the probability of Nextdoor Stock to fall within a particular range of prices over 90 days) . Probability of Nextdoor Holdings price to stay between $ 1.68 and its current price of $2.41 at the end of the 90-day period is about 21.11 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.6 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nextdoor Holdings will likely underperform. Additionally Nextdoor Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nextdoor Holdings Price Density |
| Price |
Predictive Modules for Nextdoor Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nextdoor Holdings. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Nextdoor Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nextdoor Holdings is not an exception. The market had few large corrections towards the Nextdoor Holdings' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nextdoor Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nextdoor Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 1.60 | |
σ | Overall volatility | 0.1 | |
Ir | Information ratio | -0.01 |
Nextdoor Holdings Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nextdoor Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nextdoor Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nextdoor Holdings generated a negative expected return over the last 90 days | |
| Nextdoor Holdings has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 218.31 M. Net Loss for the year was (147.76 M) with profit before overhead, payroll, taxes, and interest of 173.78 M. | |
| Nextdoor Holdings currently holds about 604.48 M in cash with (59.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.64. | |
| Roughly 55.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Nextdoor Rewind Returns to Celebrate the Moments and Milestones That Brought Neighbors Together ... |
Nextdoor Holdings Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nextdoor Stock often depends not only on the future outlook of the current and potential Nextdoor Holdings' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nextdoor Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 379.3 M | |
| Cash And Short Term Investments | 531.1 M |
Nextdoor Holdings Technical Analysis
Nextdoor Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Nextdoor Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nextdoor Holdings. In general, you should focus on analyzing Nextdoor Stock price patterns and their correlations with different microeconomic environments and drivers.
Nextdoor Holdings Predictive Forecast Models
Nextdoor Holdings' time-series forecasting models is one of many Nextdoor Holdings' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nextdoor Holdings' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nextdoor Holdings
Checking the ongoing alerts about Nextdoor Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nextdoor Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nextdoor Holdings generated a negative expected return over the last 90 days | |
| Nextdoor Holdings has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 218.31 M. Net Loss for the year was (147.76 M) with profit before overhead, payroll, taxes, and interest of 173.78 M. | |
| Nextdoor Holdings currently holds about 604.48 M in cash with (59.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.64. | |
| Roughly 55.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Nextdoor Rewind Returns to Celebrate the Moments and Milestones That Brought Neighbors Together ... |
Check out Nextdoor Holdings Backtesting, Nextdoor Holdings Valuation, Nextdoor Holdings Correlation, Nextdoor Holdings Hype Analysis, Nextdoor Holdings Volatility, Nextdoor Holdings History as well as Nextdoor Holdings Performance. For information on how to trade Nextdoor Stock refer to our How to Trade Nextdoor Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nextdoor Holdings. If investors know Nextdoor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nextdoor Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.33) | Revenue Per Share 0.615 | Quarterly Revenue Growth 0.17 | Return On Assets (0.12) | Return On Equity (0.25) |
The market value of Nextdoor Holdings is measured differently than its book value, which is the value of Nextdoor that is recorded on the company's balance sheet. Investors also form their own opinion of Nextdoor Holdings' value that differs from its market value or its book value, called intrinsic value, which is Nextdoor Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nextdoor Holdings' market value can be influenced by many factors that don't directly affect Nextdoor Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nextdoor Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextdoor Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextdoor Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.