KULR Technology Group Inc (AMEX: KULR) – Time For Strategy Change?

KULR Technology Group Inc (AMEX:KULR) currently has a daily average trading volume of 2.51M but it saw 14915040 shares traded in last market. With a market cap of 98.44M USD, the company’s current market price of $0.49 came rising about 7.97 while comparing to the previous closing price of $0.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.90 and as low as $0.10. In the recent trading on the day, stock has struck highest price mark of $0.4155 while lowest mark touched by it was $0.4999.

Taking a look at 20-day trading activity of KULR Technology Group Inc (KULR) gives us an average price of $0.3230, while its current price level is -45.04% below from 52-week high level whereas it is 394.60% 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 $0.2995 while that of 200 days or SMA-200 reads an average of $0.3173. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.17% during that period while stretching the period over a month that decreases to 8.93%. 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 84.80 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Alliance Global Partners which initiated the stock as “Buy” in its note to investors issued on October 18, 2021, recommending a price target of $3.50 for it.

Over the week, KULR’s stock price is moving 63.61% up while it is 61.06% when we observe its performance for the past one month. Year-to-date it is 167.35% up and over the past year, the stock is showing an upside performance of 57.02%.

Currently, KULR Technology Group Inc’s total number of outstanding shares is 199.03M. Company’s return on investment (ROI) stands at -420.90% and return on equity (ROE) at -592.58%. Stock’s beta reads 1.01. Stock has a price to book (P/B) ratio of 24.25 while price to sale or P/S ratio amounts to 10.30. Its return on asset (ROA) is -162.51% on average.