Kaixin Holdings. (NASDAQ: KXIN)’s stock price has soared by 12.23 in relation to previous closing price of 0.12. Nevertheless, the company has seen a loss of -9.47% in its stock price over the last five trading days. InvestorPlace reported 2023-06-07 that Some of the most promising penny stocks are up-and-coming and just just getting started. The world of penny stocks is all about speculating which young firms have the potential to become the next big companies.
Is It Worth Investing in Kaixin Holdings. (NASDAQ: KXIN) Right Now?
Additionally, the 36-month beta value for KXIN is 0.19.
The public float for KXIN is 21.88M and currently, short sellers hold a 0.57% ratio of that float. The average trading volume of KXIN on April 23, 2024 was 1.32M shares.
KXIN’s Market Performance
KXIN’s stock has seen a -9.47% decrease for the week, with a -33.79% drop in the past month and a -76.18% fall in the past quarter. The volatility ratio for the week is 17.58%, and the volatility levels for the past 30 days are at 11.70% for Kaixin Holdings. The simple moving average for the past 20 days is -20.74% for KXIN’s stock, with a -91.70% simple moving average for the past 200 days.
KXIN Trading at -35.68% from the 50-Day Moving Average
After a stumble in the market that brought KXIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.96% of loss for the given period.
Volatility was left at 11.70%, however, over the last 30 days, the volatility rate increased by 17.58%, as shares sank -30.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.54% lower at present.
During the last 5 trading sessions, KXIN fell by -9.47%, which changed the moving average for the period of 200-days by -96.82% in comparison to the 20-day moving average, which settled at $0.1684. In addition, Kaixin Holdings. saw -84.57% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for KXIN
Current profitability levels for the company are sitting at:
- -0.29 for the present operating margin
- 0.01 for the gross margin
The net margin for Kaixin Holdings. stands at -0.27. The total capital return value is set at -0.69. Equity return is now at value -101.56, with -35.00 for asset returns.
Based on Kaixin Holdings. (KXIN), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -1.41. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -22.07.
Currently, EBITDA for the company is -60.66 million with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.05. The receivables turnover for the company is 8.8for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.
Conclusion
In conclusion, Kaixin Holdings. (KXIN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
