Kaixin Holdings (NASDAQ: KXIN)’s stock price has plunge by -7.54relation to previous closing price of 2.52. Nevertheless, the company has seen a -6.80% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-14 that HANGZHOU, China, Nov. 14, 2024 (GLOBE NEWSWIRE) — Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced a major strategic step forward as it explores new growth avenues. In the advanced stages of evaluating strategic alternatives, Kaixin is actively considering the acquisition of a controlling equity interest in a leading cryptocurrency mining company based in the Middle East. This mining company operates with cost-efficient BTC mining machines, optimizing self-mining processes while also offering sophisticated, end-to-end cloud hosting services tailored to meet the growing demand within the crypto mining industry. The facility’s long-term, stable energy supply is a critical asset that bolsters operational resilience and cost efficiency, underscoring Kaixin’s commitment to sustainable and profitable growth.
Is It Worth Investing in Kaixin Holdings (NASDAQ: KXIN) Right Now?
The 36-month beta value for KXIN is at 0.10.
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The public float for KXIN is 0.92M, and currently, shorts hold a 7.96% of that float. The average trading volume for KXIN on November 22, 2024 was 1.45M shares.
KXIN’s Market Performance
The stock of Kaixin Holdings (KXIN) has seen a -6.80% decrease in the past week, with a -65.94% drop in the past month, and a -53.10% fall in the past quarter. The volatility ratio for the week is 14.66%, and the volatility levels for the past 30 days are at 23.94% for KXIN. The simple moving average for the last 20 days is -34.28% for KXIN stock, with a simple moving average of -73.10% for the last 200 days.
KXIN Trading at -67.57% 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 -98.19% of loss for the given period.
Volatility was left at 23.94%, however, over the last 30 days, the volatility rate increased by 14.66%, as shares sank -63.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.46% lower at present.
During the last 5 trading sessions, KXIN fell by -6.80%, which changed the moving average for the period of 200-days by -83.35% in comparison to the 20-day moving average, which settled at $3.55. In addition, Kaixin Holdings saw -95.59% 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:
- -1.3 for the present operating margin
- -0.73 for the gross margin
The net margin for Kaixin Holdings stands at -2.48. The total capital return value is set at -0.78. Equity return is now at value -117.60, with -79.71 for asset returns.
Based on Kaixin Holdings (KXIN), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -78.24.
Currently, EBITDA for the company is -50.77 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 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.26.
Conclusion
In conclusion, Kaixin Holdings (KXIN) has had a bad performance lately. Opinion on the stock among analysts is mixed, 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.
