KULR Technology Group Inc (AMEX: KULR) has experienced a decline in its stock price by -3.97 compared to its previous closing price of 0.29. However, the company has seen a fall of -7.95% in its stock price over the last five trading days. globenewswire.com reported 2024-10-22 that HOUSTON, Oct. 22, 2024 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, will hold a conference call on Wednesday, November 13th, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the third quarter ended September 30, 2024. The financial results will be issued in a press release prior to the call.
Is It Worth Investing in KULR Technology Group Inc (AMEX: KULR) Right Now?
The 36-month beta value for KULR is at 0.86. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for KULR is 182.88M, and currently, shorts hold a 4.18% of that float. The average trading volume for KULR on October 22, 2024 was 1.98M shares.
KULR’s Market Performance
KULR stock saw an increase of -7.95% in the past week, with a monthly gain of 12.09% and a quarterly increase of -3.52%. The volatility ratio for the week is 4.71%, and the volatility levels for the last 30 days are 6.67% for KULR Technology Group Inc (KULR). The simple moving average for the past 20 days is -5.80% for KULR’s stock, with a -7.62% simple moving average for the past 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 3.90% 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 -68.59% of loss for the given period.
Volatility was left at 6.67%, however, over the last 30 days, the volatility rate increased by 4.71%, as shares surge +12.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.52% upper at present.
During the last 5 trading sessions, KULR fell by -7.91%, which changed the moving average for the period of 200-days by +46.53% in comparison to the 20-day moving average, which settled at $0.3001. In addition, KULR Technology Group Inc saw 52.81% 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 Cochran Terry Keith, who sale 150,167 shares at the price of $0.31 back on Jun 04 ’24. After this action, Cochran Terry Keith now owns 349,833 shares of KULR Technology Group Inc, valued at $47,197 using the latest closing price.
Cochran Terry Keith, the President and COO of KULR Technology Group Inc, sale 119,754 shares at $0.31 during a trade that took place back on Jun 05 ’24, which means that Cochran Terry Keith is holding 230,079 shares at $37,124 based on the most recent closing price.
Stock Fundamentals for KULR
Current profitability levels for the company are sitting at:
- -2.1 for the present operating margin
- 0.32 for the gross margin
The net margin for KULR Technology Group Inc stands at -2.27. The total capital return value is set at -3.9. Equity return is now at value -592.58, with -162.51 for asset returns.
Based on KULR Technology Group Inc (KULR), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at -8.53. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is -13.38.
Currently, EBITDA for the company is -20.2 million with net debt to EBITDA at -0.08. When we switch over and look at the enterprise to sales, we see a ratio of 6.06. The receivables turnover for the company is 4.94for trailing twelve months and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.61.
Conclusion
In conclusion, KULR Technology Group Inc (KULR) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
