In today’s recent session, 1,940,573 shares of the Kandi Technologies Group, Inc.(NASDAQ:KNDI) have been traded, and its beta is 2.11. Most recently the company’s share price was $7.81, and it changed around -$0.4 or -0.05% from the last close, which brings the market valuation of the company to $572.51 Million. KNDI at last check was trading at a discount to its 52-week high of $17.45, offering almost -123.43% off that amount. The share price’s 52-week low was $2.17, which indicates that the recent value has risen by an impressive 72.22% since then. We note from Kandi Technologies Group, Inc.’s average daily trading volume that its 10-day average is 3.79 Million shares, with the 3-month average coming to 10.3 Million.
Kandi Technologies Group, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, no body recommended KNDI as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Kandi Technologies Group, Inc. is expected to report earnings per share of -$0.08 for the current quarter.
Kandi Technologies Group, Inc. (NASDAQ:KNDI): Trading Information Today
Although KNDI has been showing red trend so far today with a performance of -4.87% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $9.27- on Tuesday, Feb 16 increased the stock’s daily price by 14.24%. The company’s shares are currently up 0.15% year-to-date, but still down -0.1167 over the last five days. On the other hand, Kandi Technologies Group, Inc. (NASDAQ:KNDI) is -0.03% down in the 30-day period. We can see from the shorts that 13.48 Million shares have been sold at a short interest cover period of 1.31 day(s).
The consensus price target as assigned by Wall Street analysts is $2.38, which translates to bears needing to reduce their stock price by -69.53% from its current value. Analyst projections state that KNDI is forecast to be at a low of $2.38 and a high of $2.38. In order for the stock price to hit the forecast high, the stock would need to surge -69.53% from its current level, while the stock would need to crash -69.53% from its current level to reach the projected low.
Kandi Technologies Group, Inc. (KNDI) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -19.9%. Kandi Technologies Group, Inc. earnings are expected to decrease by -23.5% in 2021, but the outlook is negative 0% per year for the next five years.
Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 17.71% of Kandi Technologies Group, Inc. shares, and 5.52% of them are in the hands of institutional investors. The stock currently has a share float of 6.71%. Kandi Technologies Group, Inc. stock is held by 55 institutions, with Invesco Ltd. being the largest institutional investor. By Sep 29, 2020, it held 4.88% of the shares, which is about 3.1 Million shares worth $19.23 Million.
Nia Impact Advisors, LLC, with 0.72% or 457.22 Thousand shares worth $3.15 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.