KULR Technology Group Inc (AMEX: KULR) has seen a decline in its stock price by -0.05 in relation to its previous close of 0.31. However, the company has experienced a -3.17% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-03 that SAN DIEGO, June 03, 2024 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today announced that it will not be extending its Standby Equity Purchase Agreement (“SEPA”), with YA II PN, LTD. (“Yorkville”), which terminated on June 1, 2024. Furthermore, the Company confirms that it has retired all outstanding debt owed to Yorkville.
Is It Worth Investing in KULR Technology Group Inc (AMEX: KULR) Right Now?
Additionally, the 36-month beta value for KULR is 0.83. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for KULR is 141.82M and currently, short sellers hold a 7.67% ratio of that float. The average trading volume of KULR on June 05, 2024 was 12.44M shares.
KULR’s Market Performance
The stock of KULR Technology Group Inc (KULR) has seen a -3.17% decrease in the past week, with a -29.79% drop in the past month, and a 116.68% gain in the past quarter. The volatility ratio for the week is 11.36%, and the volatility levels for the past 30 days are at 12.08% for KULR. The simple moving average for the last 20 days is -19.59% for KULR stock, with a simple moving average of -10.97% for the last 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 -34.90% 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 -71.83% of loss for the given period.
Volatility was left at 12.08%, however, over the last 30 days, the volatility rate increased by 11.36%, as shares sank -28.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.64% lower at present.
During the last 5 trading sessions, KULR fell by -3.12%, which changed the moving average for the period of 200-days by -59.74% in comparison to the 20-day moving average, which settled at $0.3793. In addition, KULR Technology Group Inc saw 67.49% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KULR starting from Knowles Timothy Ray, who sale 361,338 shares at the price of $0.29 back on Mar 25 ’24. After this action, Knowles Timothy Ray now owns 14,268,027 shares of KULR Technology Group Inc, valued at $104,788 using the latest closing price.
Knowles Timothy Ray, the 10% Owner of KULR Technology Group Inc, sale 460,037 shares at $0.22 during a trade that took place back on Mar 22 ’24, which means that Knowles Timothy Ray is holding 14,629,365 shares at $101,208 based on the most recent closing price.
Stock Fundamentals for KULR
Current profitability levels for the company are sitting at:
- -2.11 for the present operating margin
- 0.36 for the gross margin
The net margin for KULR Technology Group Inc stands at -2.25. The total capital return value is set at -5.15. Equity return is now at value -408.69, with -140.70 for asset returns.
Based on KULR Technology Group Inc (KULR), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at -8.09. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is -15.35.
Currently, EBITDA for the company is -20.2 million with net debt to EBITDA at -0.1. When we switch over and look at the enterprise to sales, we see a ratio of 5.95. The receivables turnover for the company is 9.9for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.44.
Conclusion
In conclusion, KULR Technology Group Inc (KULR) has seen mixed 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.
