Look Past The Setbacks And Give Kaixin Holdings. (NASDAQ: KXIN) Another Chance

Kaixin Holdings. (NASDAQ:KXIN) currently has a daily average trading volume of 4.12M but it saw 3987861 shares traded in last market. With a market cap of 3.48M USD, the company’s current market price of $0.07 came rising about 5.91 while comparing to the previous closing price of $0.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.52 and as low as $0.06. In the recent trading on the day, stock has struck highest price mark of $0.0656 while lowest mark touched by it was $0.075.

Taking a look at 20-day trading activity of Kaixin Holdings. (KXIN) gives us an average price of $0.0852, while its current price level is -98.73% below from 52-week high level whereas it is 9.91% 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 $0.1070 while that of 200 days or SMA-200 reads an average of $0.3986. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.21% during that period while stretching the period over a month that decreases to 12.17%. 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 30.33 which implies that the stock is in neutral territory.

Over the week, KXIN’s stock price is moving -14.55% down while it is -24.76% when we observe its performance for the past one month. Year-to-date it is -92.06% down and over the past year, the stock is showing a downside performance of -97.45%.

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 -0.02. Stock has a price to book (P/B) ratio of 0.05 while price to sale or P/S ratio amounts to 0.11. Its return on asset (ROA) is -75.86% on average.