In the last trading session, 1,728,184 shares of the Kaixin Auto Holdings (NASDAQ:KXIN) were traded, and its beta was -0.6. Most recently the company’s share price was $3.04, and it changed around -$0.17 or -0.05% from the last close, which brings the market valuation of the company to $198Million. KXIN currently trades at a discount to its 52-week high of $13.4, offering almost -340.79% off that amount. The share price’s 52-week low was $0.4, which indicates that the current value has risen by an impressive 86.84% since then. We note from Kaixin Auto Holdings’s average daily trading volume that its 10-day average is 2.22 Million shares, with the 3-month average coming to 3.59 Million.
Kaixin Auto Holdings stock received a consensus recommendation rating of 0, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 0 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended KXIN as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight.
Kaixin Auto Holdings (NASDAQ:KXIN): Trading Information
Although KXIN has showed a red trend with a performance of -5.3% 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 $3.67- on Tuesday, Mar 30 increased the stock’s daily price by 17.16%. The company’s shares are currently down -0.19% year-to-date, but still down -0.1032 over the last five days. On the other hand, Kaixin Auto Holdings (NASDAQ:KXIN) is 0.02% up in the 30-day period. We can see from the shorts that 804.66 Million shares have been sold at a short interest cover period of 224.14 day (s).
Kaixin Auto Holdings (KXIN) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Kaixin Auto Holdings earnings are expected to decrease by 0% in 2021, but the outlook is negative 0% per year for the next five years.
Kaixin Auto Holdings (NASDAQ:KXIN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 74.65% of Kaixin Auto Holdings shares, and 1.5% of them are in the hands of institutional investors. The stock currently has a share float of 5.93%. Kaixin Auto Holdings stock is held by 17 institutions, with Susquehanna Fundamental Investments, LLC being the largest institutional investor. By Dec 30, 2020, it held 0.41% of the shares, which is about 254.6 Thousand shares worth $949.66 Thousand.
Jane Street Group, LLC, with 0.34% or 205.84 Thousand shares worth $767.77 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Invesco ETF Tr-Invesco Golden Dragon China ETF and Fidelity NASDAQ Composite Index Fund were the top two Mutual Funds as of Feb 27, 2021. The former held 64726 shares worth $218.13 Thousand, making up 0.11% of all outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held roughly 31.87 Thousand shares worth around $107.4 Thousand, which represents about 0.05% of the total shares outstanding.
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.