Kandi Technologies Group Inc (NASDAQ:KNDI) does about 230.45K shares in volume on a normal day but saw 209103 shares change hands in the recent trading day. The company now has a market cap of 82.57M USD. Its current market price is $0.95, marking an increase of 2.74% compared to the previous close of $0.92. The 52 week high reached by this stock is $3.12 whilst the lowest price level in 52 weeks is $0.89.
Kandi Technologies Group Inc (KNDI) has a 20-day trading average at $1.0453 and the current price is -69.75% off the 52-week high compared with 6.20% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2287 and its 200-day simple moving average is $1.8168. If we look at the stock’s price movements over the week, volatility stands at 5.79%, which increases to 6.90% 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 34.78 to suggest the stock is neutral.
The consensus objective for the share price is $5.00, suggesting that the stock has a potential upside of 81.0% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 02, 2021 when Noble Capital Markets initiated the stock to “Outperform” and issued a price target of $5.
The current price level is -9.60%, -23.08%, and -47.97% away from its SMA20, SMA50, and SMA200 respectively, with the KNDI price moving above the 50-day SMA on current market day. Kandi Technologies Group Inc (KNDI) stock is down -2.11% over the week and -22.76% over the past month. Its price is -66.07% year-to-date and -65.33% over the past year.
To reach the target analysts have set, the stock logically needs to grow 81.0 percent from here.
Outstanding shares total 87.36M with insiders holding 16.86% of the shares and institutional holders owning 2.36% of the company’s common stock. The company has a return on investment of 0.00% and return on equity of 0.00%. The beta has a value of 1.41. Price to book ratio is 0.21 and price to sales ratio is 0.66.
