Kandi Technologies Group Inc. (NASDAQ:KNDI) currently has a daily average trading volume of 5.73M but it saw 9743228 shares traded on Tuesday. With a market cap of 460.67M USD, the company’s enterprise value now stands nearly at $508.93M. Stock’s current market price of $8.82 came falling about -13.44 while comparing to the previous closing price of $10.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.40 and as low as $2.17. In the recent trading on the day, stock has struck highest price mark of $10.61 while lowest mark touched by it was $8.70.
Taking a look at 20-day trading activity of Kandi Technologies Group Inc. (KNDI) gives us an average price of $7.68, while its current price level is -49.31% below from 52-week high level whereas it is 306.45% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.34 while that of 200 days or SMA-200 reads an average of $4.27. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.83% during that period while stretching the period over a month that increases to 24.49%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.02 which implies that the stock is in neutral territory.
Kandi Technologies Group Inc. (KNDI)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $2.38 and $2.38 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.38 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $2.38. Average price target assigned by them is $2.38 which highlights a downside potential of -270.59% for the stock over that period. And to attain the median price target of $2.38 assigned by those analysts, stock has to subtract about -270.59% of value to its current levels.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 0 advised them to Hold.
Over the week, KNDI’s stock price is moving 1.73% up while it is 109.00% when we observe its performance for the past one month. Year-to-date it is 86.47% up and over the past year, the stock is showing an upside performance of 76.40%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2008, when its quarterly earnings per share (EPS) of $0.05 beaten by the consensus estimate of $0.06 for the same. The company is expected to be releasing its next quarterly report in 11/05/2020, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, Kandi Technologies Group Inc.’s total number of outstanding shares is 53.37M with 28.59% of that held by the insiders while 4.42% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.60%. Stock’s beta reads 2.78. Stock has a price to book (P/B) ratio of 2.14 while price to sale or P/S ratio amounts to 3.72.
A filing at the U.S. Securities and Exchange Commission revealed that Invesco WilderHill Clean Energy E came shrinking its share ownership by 0.52% in the Kandi Technologies Group Inc. (KNDI) increasing its stake to 1.15% with control over 3116.0 shares in the company. As per SEC documents, Invesco WilderHill Clean Energy E shunned 605,563 of company’s common stock of worth $4.37 million as per recent closing price of the stock. Invesco WilderHill Clean Energy E is not the only institutional holder which restructured its stake in Kandi Technologies Group Inc., as SPDR S&P Kensho New Economies Com dumped 139,914 shares of worth $1.01 million to bring its holdings to a total of 0.0 shares. In the most recent quarter, Invesco Golden Dragon China ETF came cutting its stake by 0.00% in the company and now holds 43955.0 or 0.08% of the company’s stake having worth of about 0.32 million.