The stock price of KULR Technology Group Inc. (AMEX: KULR) has jumped by 9.88 compared to previous close of 0.43. Despite this, the company has seen a fall of -20.95% in its stock price over the last five trading days. InvestorPlace reported 2023-08-26 that Some of the most promising penny stocks can have multi-bagger potential over the long haul. After all, the combination of low prices, strong catalysts, and potentially high returns can be appealing.
Is It Worth Investing in KULR Technology Group Inc. (AMEX: KULR) Right Now?
compared to its average ratio and a 36-month beta value of 0.50. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for KULR Technology Group Inc. (KULR) is $3.28, which is $3.25 above the current market price. The public float for KULR is 79.27M, and currently, short sellers hold a 5.25% ratio of that float. The average trading volume of KULR on September 19, 2023 was 608.60K shares.
KULR’s Market Performance
KULR’s stock has seen a -20.95% decrease for the week, with a -41.62% drop in the past month and a -32.48% fall in the past quarter. The volatility ratio for the week is 12.96%, and the volatility levels for the past 30 days are at 10.31% for KULR Technology Group Inc. The simple moving average for the past 20 days is -22.93% for KULR’s stock, with a -50.57% simple moving average for the past 200 days.
Analysts’ Opinion of KULR
Many brokerage firms have already submitted their reports for KULR stocks, with Alliance Global Partners repeating the rating for KULR by listing it as a “Buy.” The predicted price for KULR in the upcoming period, according to Alliance Global Partners is $3.50 based on the research report published on October 18, 2021 of the previous year 2021.
KULR Trading at -39.17% from the 50-Day Moving Average
After a stumble in the market that brought KULR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.96% of loss for the given period.
Volatility was left at 10.31%, however, over the last 30 days, the volatility rate increased by 12.96%, as shares sank -39.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.54% lower at present.
During the last 5 trading sessions, KULR fell by -20.95%, which changed the moving average for the period of 200-days by -70.99% in comparison to the 20-day moving average, which settled at $0.5908. In addition, KULR Technology Group Inc. saw -61.08% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KULR starting from Mo Michael, who purchase 428,571 shares at the price of $0.35 back on Sep 15. After this action, Mo Michael now owns 21,155,110 shares of KULR Technology Group Inc., valued at $150,000 using the latest closing price.
Knowles Timothy Ray, the Executive Technical Fellow of KULR Technology Group Inc., sale 61,756 shares at $0.62 during a trade that took place back on Jun 29, which means that Knowles Timothy Ray is holding 670,360 shares at $38,289 based on the most recent closing price.
Stock Fundamentals for KULR
Current profitability levels for the company are sitting at:
- -457.76 for the present operating margin
- +53.68 for the gross margin
The net margin for KULR Technology Group Inc. stands at -486.56. The total capital return value is set at -130.59, while invested capital returns managed to touch -142.06. Equity return is now at value -305.20, with -108.30 for asset returns.
Based on KULR Technology Group Inc. (KULR), the company’s capital structure generated 3.06 points at debt to equity in total, while total debt to capital is 2.97. Total debt to assets is 1.36, with long-term debt to equity ratio resting at 0.93. Finally, the long-term debt to capital ratio is 0.91.
When we switch over and look at the enterprise to sales, we see a ratio of 5.28, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 4.76 and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.63.
Conclusion
To put it simply, KULR Technology Group Inc. (KULR) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
