Kandi Technologies Group Inc (NASDAQ: KNDI)’s stock price has plunge by 6.10relation to previous closing price of 2.46. Nevertheless, the company has seen a 8.75% surge in its stock price over the last five trading sessions. 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.
Is It Worth Investing in Kandi Technologies Group Inc (NASDAQ: KNDI) Right Now?
The price-to-earnings ratio for Kandi Technologies Group Inc (NASDAQ: KNDI) is 372.86x, which is above its average ratio. Moreover, the 36-month beta value for KNDI is 1.42. Analysts have varying opinions 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 72.63M and currently, short sellers hold a 2.00% of that float. On April 25, 2024, KNDI’s average trading volume was 102.89K shares.
KNDI’s Market Performance
The stock of Kandi Technologies Group Inc (KNDI) has seen a 8.75% increase in the past week, with a 23.11% rise in the past month, and a -4.40% fall in the past quarter. The volatility ratio for the week is 12.10%, and the volatility levels for the past 30 days are at 6.92% for KNDI. The simple moving average for the last 20 days is 18.25% for KNDI stock, with a simple moving average of -12.00% for the last 200 days.
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 11.04% 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 -38.87% of loss for the given period.
Volatility was left at 6.92%, however, over the last 30 days, the volatility rate increased by 12.10%, as shares surge +25.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.25% lower at present.
During the last 5 trading sessions, KNDI rose by +8.75%, which changed the moving average for the period of 200-days by -32.38% in comparison to the 20-day moving average, which settled at $2.23. In addition, Kandi Technologies Group Inc saw -6.79% 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 1.42. 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 wrap up, the performance of Kandi Technologies Group Inc (KNDI) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
