Should Investors Trust The Upside Potential In Kaixin Holdings (KXIN)?

Kaixin Holdings (NASDAQ:KXIN) currently has a daily average trading volume of 171.99K but it saw 206123 shares traded in last market. With a market cap of 13.03M USD, the company’s current market price of $1.19 came rising about 22.90 while comparing to the previous closing price of $0.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.54 and as low as $0.64. In the recent trading on the day, stock has struck highest price mark of $0.968 while lowest mark touched by it was $1.1998.

Taking a look at 20-day trading activity of Kaixin Holdings (KXIN) gives us an average price of $0.9482, while its current price level is -95.97% below from 52-week high level whereas it is 87.05% 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 $1.0898 while that of 200 days or SMA-200 reads an average of $4.0075. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.98% during that period while stretching the period over a month that decreases to 10.03%. 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 66.71 which implies that the stock is in neutral territory.

Over the week, KXIN’s stock price is moving 39.92% up while it is 17.75% when we observe its performance for the past one month. Year-to-date it is -21.76% down and over the past year, the stock is showing a downside performance of -84.27%.

Currently, Kaixin Holdings’s total number of outstanding shares is 10.95M. Company’s return on investment (ROI) stands at -131.48% and return on equity (ROE) at -86.66%. Stock’s beta reads -0.31. Stock has a price to book (P/B) ratio of 0.25. Its return on asset (ROA) is -63.98% on average.