Does KULR Technology Group Inc (AMEX:KULR) Look Expensive At $0.21? Here’s How To Know.

In last trading session, KULR Technology Group Inc (AMEX:KULR) saw 11.12 million shares changing hands with its beta currently measuring 0.77. Company’s recent per share price level of $0.21 trading at $0.05 or 31.72% at ring of the bell on the day assigns it a market valuation of $27.99M. That closing price of KULR’s stock is at a discount of -423.81% from its 52-week high price of $1.10 and is indicating a premium of 52.38% from its 52-week low price of $0.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.79 million shares which gives us an average trading volume of 2.65 million if we extend that period to 3-months.

KULR Technology Group Inc (AMEX:KULR) trade information

Upright in the green during last session for gaining 31.72%, in the last five days KULR remained trading in the green while hitting it’s week-highest on Wednesday, 03/20/24 when the stock touched $0.21 price level, adding 4.5% to its value on the day. KULR Technology Group Inc’s shares saw a change of 13.57% in year-to-date performance and have moved 50.07% in past 5-day. KULR Technology Group Inc (AMEX:KULR) showed a performance of 22.72% in past 30-days. Number of shares sold short was 3.28 million shares which calculate 1.63 days to cover the short interests.

KULR Technology Group Inc (KULR) estimates and forecasts

Statistics highlight that KULR Technology Group Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -54.69% of value to its shares in past 6 months, showing an annual growth rate of -11.11% while that of industry is 1.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 183.10% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.81 million for the same. And 2 analysts are in estimates of company making revenue of $4.8 million in the next quarter that will end on Mar 2024. Company posted $1.81 million and $1.76 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 110.50% while estimating it to be 172.70% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -37.16% during past 5 years.

KULR Dividends

KULR Technology Group Inc is more likely to be releasing its next quarterly report between March 14 and March 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

KULR Technology Group Inc (AMEX:KULR)’s Major holders

Insiders are in possession of 28.97% of company’s total shares while institution are holding 4.44 percent of that, with stock having share float percentage of 6.26%. Investors also watch the number of corporate investors in a company very closely, which is 4.44% institutions for KULR Technology Group Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at KULR for having 3.11 million shares of worth $1.99 million. And as of Jun 29, 2023, it was holding 3.29% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 0.73 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.77% of outstanding shares, having a total worth of $0.47 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 2.13 million shares of worth $1.36 million or 2.25% of the total outstanding shares. The later fund manager was in possession of 0.83 million shares on Jun 29, 2023, making its stake of worth around $0.53 million in the company or a holder of 0.87% of company’s stock.