Volatility Is Your Friend: KULR Technology Group Inc (KULR) Is Hot Again

KULR Technology Group Inc (AMEX:KULR) does about 2.85M shares in volume on a normal day but saw 2128281 shares change hands in the recent trading day. The company now has a market cap of 51.95M USD. Its current market price is $0.28, marking a decrease of -7.00% compared to the previous close of $0.30. The 52 week high reached by this stock is $1.10 whilst the lowest price level in 52 weeks is $0.10.

KULR Technology Group Inc (KULR) has a 20-day trading average at $0.3309 and the current price is -74.86% off the 52-week high compared with 176.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3430 and its 200-day simple moving average is $0.3152. If we look at the stock’s price movements over the week, volatility stands at 8.42%, which decreases to 7.11% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 32.65 to suggest the stock is neutral.

The consensus objective for the share price is $1.00, suggesting that the stock has a potential upside of 72.0% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 18, 2021 when Alliance Global Partners initiated the stock to “Buy” and issued a price target of $3.50.

KULR Technology Group Inc (KULR) stock is down -7.83% over the week and -30.00% over the past month. Its price is 49.46% year-to-date and -69.71% over the past year.

To reach the target analysts have set, the stock logically needs to grow 72.0 percent from here.

The company has a return on investment of -548.67% and return on equity of -408.69%. The beta has a value of 0.87. Price to book ratio is 18.49 and price to sales ratio is 5.29.