In the past week, KNDI stock has gone up by 15.38%, with a monthly gain of 4.80% and a quarterly plunge of -9.77%. The volatility ratio for the week is 8.93%, and the volatility levels for the last 30 days are 5.05% for Kandi Technologies Group Inc The simple moving average for the past 20 days is 13.03% for KNDI’s stock, with a -20.02% simple moving average for the past 200 days.
Is It Worth Investing in Kandi Technologies Group Inc (NASDAQ: KNDI) Right Now?
Kandi Technologies Group Inc (NASDAQ: KNDI) has a higher price-to-earnings ratio of 342.86x compared to its average ratio. KNDI has 36-month beta value of 1.44. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for KNDI is 72.64M, and currently, short sellers hold a 2.00% ratio of that float. The average trading volume of KNDI on April 18, 2024 was 92.42K shares.
KNDI) stock’s latest price update
The stock of Kandi Technologies Group Inc (NASDAQ: KNDI) has increased by 8.11 when compared to last closing price of 2.22.Despite this, the company has seen a gain of 15.38% in its stock price over the last five trading days. GlobeNewsWire reported 2024-03-11 that Jinhua, China, March 11, 2024 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it will report its FY 2023 financial results on Thursday, March 14, 2024.
Analysts’ Opinion of KNDI
Many brokerage firms have already submitted their reports for KNDI stocks, with Noble Capital Markets repeating the rating for KNDI by listing it as a “Outperform.” The predicted price for KNDI in the upcoming period, according to Noble Capital Markets is $5 based on the research report published on December 02, 2021 of the previous year 2021.
KNDI Trading at 1.53% from the 50-Day Moving Average
After a stumble in the market that brought KNDI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.79% of loss for the given period.
Volatility was left at 5.05%, however, over the last 30 days, the volatility rate increased by 8.93%, as shares surge +7.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.05% lower at present.
During the last 5 trading sessions, KNDI rose by +15.38%, which changed the moving average for the period of 200-days by -39.39% in comparison to the 20-day moving average, which settled at $2.13. In addition, Kandi Technologies Group Inc saw -14.29% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for KNDI
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.33 for the gross margin
The net margin for Kandi Technologies Group Inc stands at 0.01. The total capital return value is set at -0.02. Equity return is now at value 0.00, with 0.00 for asset returns.
Based on Kandi Technologies Group Inc (KNDI), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -2.15. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -7.59.
Currently, EBITDA for the company is 0.3 million with net debt to EBITDA at -6.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 0.82for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.48.
Conclusion
To put it simply, Kandi Technologies Group Inc (KNDI) has had a mixed performance in recent times. Analysts have a mixed 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.
