Contrasting Kyndryl (NYSE:KD) & Canna-Global Acquisition (NASDAQ:CNGL)

Canna-Global Acquisition (NASDAQ:CNGL) and Kyndryl (NYSE:KD) are both business services companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, valuation, dividends, analyst recommendations, risk, profitability and earnings.

Earnings & Valuation

This table compares Canna-Global Acquisition and Kyndryl’s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Canna-Global Acquisition	N/A	N/A	N/A	N/A	N/A
Kyndryl	$17.03 billion	0.28	-$1.38 billion	($4.53)	-4.53

Canna-Global Acquisition has higher earnings, but lower revenue than Kyndryl.

Volatility & Risk

Canna-Global Acquisition has a beta of 0.01, indicating that its stock price is 99% less volatile than the S&P 500. Comparatively, Kyndryl has a beta of 1.57, indicating that its stock price is 57% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent ratings and target prices for Canna-Global Acquisition and Kyndryl, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Canna-Global Acquisition	0	0	0	0	N/A
Kyndryl	0	0	3	0	3.00

Kyndryl has a consensus target price of $26.00, suggesting a potential upside of 26.58%. Given Kyndryl’s higher probable upside, analysts clearly believe Kyndryl is more favorable than Canna-Global Acquisition.

Insider & Institutional Ownership

19.6% of Canna-Global Acquisition shares are held by institutional investors. Comparatively, 71.5% of Kyndryl shares are held by institutional investors. 72.1% of Canna-Global Acquisition shares are held by insiders. Comparatively, 0.7% of Kyndryl shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Profitability

This table compares Canna-Global Acquisition and Kyndryl’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Canna-Global Acquisition	N/A	N/A	N/A
Kyndryl	-6.27%	-7.39%	-0.87%

Summary

Kyndryl beats Canna-Global Acquisition on 5 of the 9 factors compared between the two stocks.

About Canna-Global Acquisition

Canna-Global Acquisition Corp does not have significant operations. It intends to acquire and engage in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all the assets of, entering into contractual arrangements with, or in any other similar business combination with one or more businesses or entities. It focuses on identify and acquiring a business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.

About Kyndryl

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. It serves financial, communications, retail and travel, and automotive industries. The company was incorporated in 2020 and is headquartered in New York, New York.