Nextdoor Holdings Stock Beta
| KIND Stock | USD 2.15 0.02 0.92% |
Nextdoor Holdings fundamentals help investors to digest information that contributes to Nextdoor Holdings' financial success or failures. It also enables traders to predict the movement of Nextdoor Stock. The fundamental analysis module provides a way to measure Nextdoor Holdings' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nextdoor Holdings stock.
Nextdoor | Beta |
Nextdoor Holdings Company Beta Analysis
Nextdoor Holdings' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Nextdoor Holdings Beta | 0.98 |
Most of Nextdoor Holdings' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nextdoor Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nextdoor Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Nextdoor Holdings is extremely important. It helps to project a fair market value of Nextdoor Stock properly, considering its historical fundamentals such as Beta. Since Nextdoor Holdings' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Nextdoor Holdings' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Nextdoor Holdings' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Nextdoor Holdings has a Beta of 0.98. This is 23.44% lower than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The beta for all United States stocks is notably lower than that of the firm.
Nextdoor Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nextdoor Holdings' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nextdoor Holdings could also be used in its relative valuation, which is a method of valuing Nextdoor Holdings by comparing valuation metrics of similar companies.Nextdoor Holdings is currently under evaluation in beta category among related companies.
Nextdoor Holdings Institutional Holders
Institutional Holdings refers to the ownership stake in Nextdoor Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nextdoor Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nextdoor Holdings' value.| Shares | Dragoneer Investment Group, Llc | 2023-12-31 | 2 M | Renaissance Technologies Corp | 2023-12-31 | 2 M | Goldman Sachs Group Inc | 2023-12-31 | 1.8 M | Westerly Capital Management Llc | 2023-12-31 | 1.5 M | Quinn Opportunity Partners Llc | 2023-12-31 | 1.3 M | Capital World Investors | 2023-12-31 | 1.3 M | Northern Trust Corp | 2023-12-31 | 1.3 M | Two Sigma Investments Llc | 2023-12-31 | 1.3 M | Charles Schwab Investment Management Inc | 2023-12-31 | 1.2 M | Vanguard Group Inc | 2023-12-31 | 13.7 M | Sumitomo Mitsui Trust Holdings Inc | 2024-03-31 | 11.7 M |
Nextdoor Holdings returns are very sensitive to returns on the market. As the market goes up or down, Nextdoor Holdings is expected to follow.
Nextdoor Fundamentals
| Return On Equity | -0.25 | ||||
| Return On Asset | -0.15 | ||||
| Profit Margin | (0.68) % | ||||
| Operating Margin | (0.66) % | ||||
| Current Valuation | 381.79 M | ||||
| Shares Outstanding | 190.33 M | ||||
| Shares Owned By Insiders | 0.91 % | ||||
| Shares Owned By Institutions | 63.75 % | ||||
| Number Of Shares Shorted | 4.48 M | ||||
| Price To Book | 1.44 X | ||||
| Price To Sales | 3.68 X | ||||
| Revenue | 218.31 M | ||||
| Gross Profit | 173.78 M | ||||
| EBITDA | (166.51 M) | ||||
| Net Income | (147.76 M) | ||||
| Cash And Equivalents | 604.48 M | ||||
| Cash Per Share | 1.64 X | ||||
| Total Debt | 66.59 M | ||||
| Debt To Equity | 0.10 % | ||||
| Current Ratio | 18.53 X | ||||
| Book Value Per Share | 1.44 X | ||||
| Cash Flow From Operations | (59.27 M) | ||||
| Short Ratio | 3.31 X | ||||
| Earnings Per Share | (0.39) X | ||||
| Target Price | 2.64 | ||||
| Number Of Employees | 594 | ||||
| Beta | 0.98 | ||||
| Market Capitalization | 841.77 M | ||||
| Total Asset | 654.56 M | ||||
| Retained Earnings | (766.02 M) | ||||
| Working Capital | 531.53 M | ||||
| Net Asset | 654.56 M |
About Nextdoor Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nextdoor Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nextdoor Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nextdoor Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Nextdoor Holdings Investors Sentiment
The influence of Nextdoor Holdings' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nextdoor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Nextdoor Holdings' public news can be used to forecast risks associated with an investment in Nextdoor. The trend in average sentiment can be used to explain how an investor holding Nextdoor can time the market purely based on public headlines and social activities around Nextdoor Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Nextdoor Holdings' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nextdoor Holdings' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nextdoor Holdings' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Nextdoor Holdings.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nextdoor Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nextdoor Holdings' short interest history, or implied volatility extrapolated from Nextdoor Holdings options trading.
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Try AI Portfolio ArchitectCheck out Nextdoor Holdings Piotroski F Score and Nextdoor Holdings Altman Z Score analysis. For information on how to trade Nextdoor Stock refer to our How to Trade Nextdoor Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Nextdoor Stock analysis
When running Nextdoor Holdings' price analysis, check to measure Nextdoor Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nextdoor Holdings is operating at the current time. Most of Nextdoor Holdings' value examination focuses on studying past and present price action to predict the probability of Nextdoor Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextdoor Holdings' price. Additionally, you may evaluate how the addition of Nextdoor Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Nextdoor Holdings' industry 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 (0.39) | Revenue Per Share 0.576 | Quarterly Revenue Growth 0.043 | Return On Assets (0.15) | 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.