The stock price of Kaixin Holdings (NASDAQ: KXIN) has jumped by 2.41 compared to previous close of 1.91. Despite this, the company has seen a fall of -0.20% in its stock price over the last five trading days. 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 stock has a 36-month beta value of -0.02.
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The public float for KXIN is 1.57M, and at present, short sellers hold a 11.10% of that float. On December 06, 2024, the average trading volume of KXIN was 1.65M shares.
KXIN’s Market Performance
KXIN stock saw a decrease of -0.20% in the past week, with a monthly decline of -49.06% and a quarterly a decrease of -53.69%. The volatility ratio for the week is 9.09%, and the volatility levels for the last 30 days are 19.81% for Kaixin Holdings (KXIN). The simple moving average for the last 20 days is -18.22% for KXIN’s stock, with a simple moving average of -75.40% for the last 200 days.
KXIN Trading at -70.62% 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 -98.38% of loss for the given period.
Volatility was left at 19.81%, however, over the last 30 days, the volatility rate increased by 9.09%, as shares sank -45.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.28% lower at present.
During the last 5 trading sessions, KXIN rose by +0.61%, which changed the moving average for the period of 200-days by -86.31% in comparison to the 20-day moving average, which settled at $2.3926. In addition, Kaixin Holdings saw -96.30% 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 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.26.
Conclusion
To sum up, Kaixin Holdings (KXIN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
