Should Investors Trust The Upside Potential In Kaixin Holdings. (KXIN)?

Kaixin Holdings. (NASDAQ:KXIN) currently has a daily average trading volume of 4.68M but it saw 893017 shares traded in last market. With a market cap of 5.55M USD, the company’s current market price of $0.11 came falling about -2.19 while comparing to the previous closing price of $0.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.52 and as low as $0.10.

Taking a look at 20-day trading activity of Kaixin Holdings. (KXIN) gives us an average price of $0.1215, while its current price level is -97.98% below from 52-week high level whereas it is 10.07% 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 $0.1407 while that of 200 days or SMA-200 reads an average of $0.5978. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.56% during that period while stretching the period over a month that increases to 10.47%. 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 40.65 which implies that the stock is in neutral territory.

Over the week, KXIN’s stock price is moving -8.38% down while it is -14.82% when we observe its performance for the past one month. Year-to-date it is -87.33% down and over the past year, the stock is showing a downside performance of -97.15%.

Currently, Kaixin Holdings.’s total number of outstanding shares is 49.81M. Company’s return on investment (ROI) stands at -84.06% and return on equity (ROE) at -113.00%. Stock’s beta reads -0.01. Stock has a price to book (P/B) ratio of 0.09 while price to sale or P/S ratio amounts to 0.18. Its return on asset (ROA) is -75.86% on average.