KSPI NASDAQ Week ended 31 Jul 2026

Weekly Investor Report

Joint Stock Company Kaspi.kz · Technology · Software - Infrastructure

Open interactive chart View report data
Latest close 88.78 USD
3.5% latest week
Weekly setup

Mixed setup

The weekly trend is active. Price is 13.0% above the Trend Line and sits at 79.0% of its 52-week range. The latest completed week returned 3.5%, after a -1.2% four-week move. The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive. Options positioning is mixed with 34/100 conviction, while the latest news-sentiment score is 54/100. Near-term considerations: volume confirmation is below normal; earnings are due in 3d.

Setup score 56 out of 100
Latest Close 88.78 USD 31 Jul 2026
1W Return 3.5% latest completed week
4W Return -1.2% short-term follow-through
12W Return 8.0% quarterly tape
Trend Breadth 28.8% 15 of 52 weeks active
Volume Ratio 0.8x vs 13-week average
What is working
  • The trend backdrop is active with a 15-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Activity pressure is positive on the latest completed week.
  • Activity pressure is constructive, supporting the smart-money activity read.
What could go wrong
  • Price is below Fair Value, so the market is still discounting the latest tape.
  • Next-week expectancy is negative at 44.95% based on similar historical setup states.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through 3.5% Latest completed week; four-week move -1.2%. Indicator stack 61/53 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Next-Week Expectancy Negative 44.95% Historical one-week expectancy contributes to the evidence score when direction is confirmed. Options pressure Mixed 34/100 conviction; expected move 9.3%. News sentiment 54/100 24 relevant articles in the latest sentiment read. Event risk 3d Next report is scheduled for 05 Aug 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is active. Price is 13.0% above the Trend Line and sits at 79.0% of its 52-week range. The latest completed week returned 3.5%, after a -1.2% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.8x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.7612-week average 0.57

12-week confirmation

Trend active12/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure12/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership5/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.76Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is -1.2% over four weeks, 8.0% over 12 weeks, and 21.8% over one year. The current trend has remained active for 15 consecutive weeks.

Performance by holding period

1W3.5%
4W-1.2%
12W8.0%
26W21.8%
52W21.8%
Active trend streak15 weeks
Active weeks in one year15
Trend breadth28.8%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure0.39Latest activity-pressure read.
Pressure change-49.1%Four-week change in activity pressure.
Leadership4.17Latest relative-leadership reading.
RS change413.3%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality is middle-of-the-pack; growth is moderate; valuation is neither clearly cheap nor expensive.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Mar 2026 Field coverage 97% Model confidence 93%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength55/100Blend of value, momentum, and quality. Underlying universe rank 46; rank 1 is best.
Value51/100Relative valuation strength. Underlying universe rank 50; rank 1 is best.
Quality50/100Profitability and accounting quality. Underlying universe rank 51; rank 1 is best.
Momentum52/100Medium-term price momentum. Underlying universe rank 49; rank 1 is best.
Growth52/100Revenue and earnings growth. Underlying universe rank 49; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
-
Price divided by trailing earnings.
Price / sales
-
Market value relative to trailing revenue.
EV / EBITDA
-
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
-
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
70.8%
Gross profit retained from each unit of revenue.
Operating margin
36.5%
Operating profit retained from revenue.
Free-cash-flow margin
25.5%
Free cash flow generated from revenue.
Return on invested capital
52.9%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
51.0%
Latest one-year revenue growth.
EPS growth
-2.8%
Latest one-year earnings-per-share growth.
Free-cash-flow growth
43.2%
Latest one-year free-cash-flow growth.
Piotroski F-score
6/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
4.1%
Cash dividends relative to market value.
Buyback yield
-
Net share repurchases relative to market value.
Shareholder yield
-
Dividend yield plus net buyback yield.
Net debt / EBITDA
-0.2x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningMixed

KSPI shows mixed options pressure with a 34/100 conviction score, put-call volume ratio of 1.00, expected move of 9.3%, and Sharemaestro trend signal active.

Conviction34/100
Expected move9.3%
Put/call volume1.00
Pressure-9
Speculation1
Volatility73
Trend agreement85
Open options detail
Insider activity-

No recent insider transactions are stored for this company.

News sentiment54/100

Weighted news tone is neutral across 24 relevant articles.

7 positive · 13 neutral · 4 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings3dNext report is scheduled for 05 Aug 2026; event risk rises as the date approaches.
Options expected move9.3%Nearest-chain priced movement where available.
52-week drawdown-6.5%Distance below the 52-week high.
13-week volatility4.2%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher13 of 2613 weeks finished lower.
Best week+15.8%Week of 17 Apr.
Worst week-10.2%Week of 5 Jun.
Latest week+3.5%Week of 31 Jul.

Shape of recent returns

Strong gains6
Modest gains7
Flat weeks0
Modest losses11
Sharp losses2
Recent vol4.2%13-week weekly-return volatility.
Base vol5.6%52-week weekly-return volatility.
Up/down split24/28Count of positive and negative weeks in the 52-week window.
Average skew4.6% / -3.0%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape57/100

Trend, activity pressure, participation, and risk combine to a 57/100 tape read.

 Indicator analysis76/100

Latest 12-week confirmation: trend 12/12, activity pressure 12/12, relative leadership 5/12.

Activity pressure 0.76; No reversal markers Next-Week ExpectancyNegative 44.95%

Next-week expectancy is negative with a 44.95% historical one-week setup read.

Adds short-term historical context without overriding trend, activity, or relative leadership. Factors51/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 50; Small Cap Core rank 53 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options55/100

KSPI shows mixed options pressure with a 34/100 conviction score, put-call volume ratio of 1.00, expected move of 9.3%, and Sharemaestro trend signal active.

Mixed · Options-market disagreement · Expected move 9.3% Sentiment54/100

Weighted news tone is neutral across 24 relevant articles.

QCOM Stock Faces Earnings Test – Qualcomm Closes $3.9B Modular Deal, Named BMW’s Lead Chip Supplier Insiders50/100

No recent insider transaction evidence is stored.

 Earnings3d

Next report is scheduled for 05 Aug 2026; event risk rises as the date approaches.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
31 Jul 202688.78 USD3.5%78.56 USD89.88 USD0.394.171.5MOn
24 Jul 202685.79 USD-2.4%78.08 USD89.89 USD0.591.171.5MOn
17 Jul 202687.91 USD-2.0%77.73 USD89.92 USD0.861.721.7MOn
10 Jul 202689.67 USD-0.2%77.27 USD89.93 USD0.83-0.881.1MOn
3 Jul 202689.82 USD1.0%76.73 USD89.93 USD0.770.811.3MOn
26 Jun 202688.95 USD8.2%76.17 USD89.94 USD0.680.392.2MOn
19 Jun 202682.20 USD2.0%75.67 USD89.94 USD0.66-11.741.6MOn
12 Jun 202680.56 USD3.7%75.19 USD90.00 USD0.81-11.702.7MOn
5 Jun 202677.67 USD-10.2%74.86 USD90.08 USD0.91-13.492.5MOn
29 May 202686.51 USD-1.2%74.54 USD90.18 USD1.00-8.621.9MOn
22 May 202687.60 USD4.6%74.04 USD90.21 USD1.09-5.222.7MOn
15 May 202683.74 USD1.9%73.52 USD90.23 USD1.14-8.702.5MOn
8 May 202682.20 USD-0.6%73.07 USD90.28 USD1.12-11.141.9MOn
1 May 202682.70 USD0.7%72.68 USD90.35 USD0.86-6.543.5MOn
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.