How have the shares performed?
Kandi Technologies Group Inc. (KNDI) saw an uptrend of 9.88% in the recent trading with $5.45 being its most recent. The current price level -68.77% lower than the highest price of $17.45 marked by the stock while trading over the past 52-weeks, whereas it is 87.92% higher than the lowest price of $2.90 the company dropped to over past 52-weeks. The latest news story on KNDI appeared in GlobeNewswire under the title “Kandi Unveils K32 Premium Fully Enclosed Electric 4WD Utility Terrain Vehicles in Hainan Factory” on May-24-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -10.66% below one month high and is +23.86% above of the lowest during that time. Looking into the simple moving average, Kandi Technologies Group Inc. (KNDI)’s stock stands at a SMA-50 of $5.72 while that of 5-day is reading $5.14.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and KNDI’s SMA-200 as of now is $7.30.
Kandi Technologies Group Inc. Earnings – What Happened With KNDI
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Kandi Technologies Group Inc. (KNDI) last released financial results for the quarter that ended 12/30/2020, posting a surprise factor of -150.00% for net revenue. During the reported three-month period, company’s sales were $15.98 billion while analysts on average were estimating the same to be $15.98 million.
KNDI – Kandi Technologies Group Inc. Stock Earnings Estimates
The perspective of Kandi Technologies Group Inc. (NASDAQ:KNDI)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.08 for stock’s EPS in the current quarter. 1 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.2.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 75.38 million. KNDI does have institutional investors; and they hold 17.10% of the stock.
Kandi Technologies Group Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 2 new insider purchases involving 7,000 shares. On the other hand, KNDI declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 30, 2021, Invesco Ltd. was the top most holder in Kandi Technologies Group Inc. (NASDAQ:KNDI) with an ownership of 6.38 million shares of the company or 8.47% of the stake worth $39.9 million. The filing also reveals State Street Corporation as the second largest holder in the company with a control over 1.51% of the outstanding shares. Its stake is worth $7.1 million for having 1.14 million shares in hand.
Shaw D.E. & Co., Inc. also came holding a key position in the company during the recent quarter and it now holds 1.37% of the outstanding shares. With this there are now 94 institutions which have possession in KNDI’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Kandi Technologies Group Inc. was 3.66 while posting a debt to equity ratio of 0.00.
Kandi Technologies Group Inc.’s return on equity, or ROE, is -4.90%, compared to the industry average of 4.54% for Consumer Cyclical – Auto Manufacturers. Although this indicates that KNDI fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Kandi Technologies Group Inc. (NASDAQ:KNDI) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Kandi Technologies Group Inc. (KNDI), we notice that the stock’s 20-day average volume is at 1,435,210 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 1,776,288 shares. And to end, KNDI’s 100-day average volume is 3,742,339 shares with 100% of the long-term indicators pointing towards Sell for the stock.