Investors Getting Picky When It Comes To Buying KULR Technology Group Inc (KULR)

KULR Technology Group Inc (AMEX:KULR) does about 1.94M shares in volume on a normal day but saw 2094020 shares change hands in the recent trading day. The company now has a market cap of 57.90M USD. Its current market price is $0.30, marking an increase of 2.77% compared to the previous close of $0.29. The 52 week high reached by this stock is $0.90 whilst the lowest price level in 52 weeks is $0.10.

KULR Technology Group Inc (KULR) has a 20-day trading average at $0.2764 and the current price is -66.67% off the 52-week high compared with 200.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2604 and its 200-day simple moving average is $0.2996. If we look at the stock’s price movements over the week, volatility stands at 7.37%, which increases to 8.95% 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 58.25 to suggest the stock is neutral.

The consensus objective for the share price is $2.87, suggesting that the stock has a potential upside of 89.55% 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.

The current price level is 9.80%, 15.34%, and 0.12% away from its SMA20, SMA50, and SMA200 respectively, with the KULR price moving below the 50-day SMA on current market day. KULR Technology Group Inc (KULR) stock is up 7.14% over the week and 24.84% over the past month. Its price is 62.16% year-to-date and -21.05% over the past year.

To reach the target analysts have set, the stock logically needs to grow 89.55 percent from here.

The company has a return on investment of -420.90% and return on equity of -592.58%. The beta has a value of 0.85. Price to book ratio is 14.71 and price to sales ratio is 6.06.