Kubient Inc. (KBNT) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Kubient Inc. (NASDAQ: KBNT) stock jumped 48.94% on Thursday to $0.70 against a previous-day closing price of $0.47. With 17.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.35 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.0500 whereas the lowest price it dropped to was $0.7000. The 52-week range on KBNT shows that it touched its highest point at $1.60 and its lowest point at $0.33 during that stretch. It currently has a 1-year price target of $1.50.

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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 KBNT was up-trending over the past week, with a rise of 39.28%, but this was up by 14.85% over a month. Three-month performance dropped to -15.67% while six-month performance fell -30.69%. The stock lost -29.92% in the past year, while it has gained 9.46% so far this year.

Float and Shares Shorts:

At present, 14.38 million KBNT shares are outstanding with a float of 10.86 million shares on hand for trading. On May 14, 2023, short shares totaled 5030.0, which was 0.03% higher than short shares on Apr 13, 2023. In addition to Mr. Paul Damian Roberts as the firm’s Founder, CEO, Chief Strategy Officer, Pres & Chairman, Mr. Joshua Adam Weiss CPA serves as its Chief Financial Officer.

Institutional Ownership:

Other institutions hold 34.32% of KBNT, in contrast to 3.57% held by mutual funds. Shares owned by individuals account for 2.44%. As the largest shareholder in KBNT with 2.97% of the stake, The Vanguard Group, Inc. holds 430,675 shares worth 430,675. A second-largest stockholder of KBNT, The Bank of New York Mellon Corp, holds 96,145 shares, controlling over 0.66% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in KBNT, holding 86,626 shares or 0.60% stake. With a 2.04% stake in KBNT, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 295,586 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.80% of KBNT stock, is the second-largest Mutual Fund holder. It holds 116,009 shares valued at 71810.0. Fidelity Extended Market Index Fu holds 0.39% of the stake in KBNT, owning 55,974 shares worth 34648.0.

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 Mar 30, 2023, KBNT reported revenue of $400.35k and operating income of -$2.70M. The EBITDA in the recently reported quarter was -$2.52M and diluted EPS was -$0.41.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KBNT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KBNT analysts setting a high price target of $1.50 and a low target of $1.50, the average target price over the next 12 months is $1.50. Based on these targets, KBNT could surge 114.29% to reach the target high and rise by 114.29% to reach the target low. Reaching the average price target will result in a growth of 114.29% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded KBNT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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