Kandi Technologies Group Inc (NASDAQ: KNDI) has experienced a decline in its stock price by -5.11 compared to its previous closing price of 0.94. However, the company has seen a fall of -10.33% in its stock price over the last five trading days. globenewswire.com reported 2024-12-02 that JINHUA, CHINA, Dec. 02, 2024 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), a leading producer of all-electric personal transportation and utility vehicles, today announced that, following a thorough review and decision by its management team, Mr. Bin Yu has been appointed Chief Executive Officer (CEO) of SC Autosports (d/b/a Kandi America), the Company’s U.S. subsidiary. This move is part of Kandi’s strategic efforts to advance high-quality development initiatives.
Is It Worth Investing in Kandi Technologies Group Inc (NASDAQ: KNDI) Right Now?
Company’s 36-month beta value is 1.42.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for KNDI is 72.63M, and currently, short sellers hold a 2.11% ratio of that floaft. The average trading volume of KNDI on December 20, 2024 was 218.68K shares.
KNDI’s Market Performance
KNDI’s stock has seen a -10.33% decrease for the week, with a -18.48% drop in the past month and a -46.94% fall in the past quarter. The volatility ratio for the week is 4.88%, and the volatility levels for the past 30 days are at 7.54% for Kandi Technologies Group Inc The simple moving average for the past 20 days is -16.85% for KNDI’s stock, with a -51.03% simple moving average for the past 200 days.
Analysts’ Opinion of KNDI
Many brokerage firms have already submitted their reports for KNDI stocks, with Noble Capital Markets repeating the rating for KNDI by listing it as a “Outperform.” The predicted price for KNDI in the upcoming period, according to Noble Capital Markets is $5 based on the research report published on December 02, 2021 of the previous year 2021.
KNDI Trading at -28.83% from the 50-Day Moving Average
After a stumble in the market that brought KNDI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.31% of loss for the given period.
Volatility was left at 7.54%, however, over the last 30 days, the volatility rate increased by 4.88%, as shares sank -21.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.79% lower at present.
During the last 5 trading sessions, KNDI fell by -10.00%, which changed the moving average for the period of 200-days by -62.03% in comparison to the 20-day moving average, which settled at $1.0786. In addition, Kandi Technologies Group Inc saw -67.97% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for KNDI
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.31 for the gross margin
The net margin for Kandi Technologies Group Inc stands at -0.06. The total capital return value is set at -0.04. Equity return is now at value 0.00, with 0.00 for asset returns.
Based on Kandi Technologies Group Inc (KNDI), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at -1.2. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is -10.23.
Currently, EBITDA for the company is 16.71 million with net debt to EBITDA at -11.16. When we switch over and look at the enterprise to sales, we see a ratio of 0.92. The receivables turnover for the company is 2.57for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.11.
Conclusion
In a nutshell, Kandi Technologies Group Inc (KNDI) 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.
