The stock of Kaixin Holdings. (KXIN) has gone up by 4.68% for the week, with a -9.09% drop in the past month and a -45.75% drop in the past quarter. The volatility ratio for the week is 10.40%, and the volatility levels for the past 30 days are 12.14% for KXIN. The simple moving average for the past 20 days is 3.79% for KXIN’s stock, with a -74.74% simple moving average for the past 200 days.
Is It Worth Investing in Kaixin Holdings. (NASDAQ: KXIN) Right Now?
Company’s 36-month beta value is -0.03.
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The public float for KXIN is 45.67M, and currently, short sellers hold a 1.59% ratio of that floaft. The average trading volume of KXIN on September 23, 2024 was 3.35M shares.
KXIN) stock’s latest price update
The stock price of Kaixin Holdings. (NASDAQ: KXIN) has surged by 11.11 when compared to previous closing price of 0.07, but the company has seen a 4.68% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-22 that HANGZHOU, China, Aug. 22, 2024 (GLOBE NEWSWIRE) — Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN), a leading new energy vehicle manufacturer and sales platform in China, today announced that it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated August 19, 2024, indicating that the Company was not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii), as the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days (the “Letter”). The Letter indicated that, as a result, the Nasdaq staff has determined to delist the Company’s securities from The Nasdaq Capital Market (the “Delisting Determination”).
KXIN Trading at -18.42% 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 -97.86% of loss for the given period.
Volatility was left at 12.14%, however, over the last 30 days, the volatility rate increased by 10.40%, as shares sank -3.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.67% lower at present.
During the last 5 trading sessions, KXIN rose by +4.68%, which changed the moving average for the period of 200-days by -94.97% in comparison to the 20-day moving average, which settled at $0.0731. In addition, Kaixin Holdings. saw -91.36% 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:
- -0.91 for the present operating margin
- -0.24 for the gross margin
The net margin for Kaixin Holdings. stands at -1.7. The total capital return value is set at -0.61. Equity return is now at value -113.00, with -75.86 for asset returns.
Based on Kaixin Holdings. (KXIN), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -0.76. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -82.11.
Currently, EBITDA for the company is -18.5 million with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 0.09. The receivables turnover for the company is 32.51for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.28.
Conclusion
In a nutshell, Kaixin Holdings. (KXIN) has experienced a bad performance in recent times. The stock has received mixed “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.
