Kaixin Holdings (NASDAQ: KXIN) Now $1.84 Higher From Its Low (0.14), Does It Still Have A Growth Story?

Kaixin Holdings (NASDAQ:KXIN) currently has a daily average trading volume of 1.46M but it saw 9015486 shares traded in last market. With a market cap of 3.37M USD, the company’s current market price of $1.98 came rising about 1.02 while comparing to the previous closing price of $1.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $120.60 and as low as $1.84. In the recent trading on the day, stock has struck highest price mark of $1.82 while lowest mark touched by it was $2.37.

Taking a look at 20-day trading activity of Kaixin Holdings (KXIN) gives us an average price of $3.0155, while its current price level is -98.36% below from 52-week high level whereas it is 7.61% 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 $7.0133 while that of 200 days or SMA-200 reads an average of $8.3655. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.45% during that period while stretching the period over a month that increases to 22.37%. 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 36.26 which implies that the stock is in neutral territory.

Over the week, KXIN’s stock price is moving -21.43% down while it is -56.77% when we observe its performance for the past one month. Year-to-date it is -96.25% down and over the past year, the stock is showing a downside performance of -98.02%.

The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Kaixin Holdings’s total number of outstanding shares is 49.81M with 2.35% of that held by the insiders while 0.27% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -85.12% and return on equity (ROE) at -117.60%. Stock’s beta reads 0.02. Stock has a price to book (P/B) ratio of 1.84 while price to sale or P/S ratio amounts to 0.27. Its return on asset (ROA) is -79.71% on average.