Future Outlook And KULR Technology Group Inc Stock Price Performance

In the last trading session, 1.84 million shares of the KULR Technology Group Inc (AMEX:KULR) were traded, and its beta was 0.86. Most recently the company’s share price was $0.28, and it changed around -$0.01 or -2.70% from the last close, which brings the market valuation of the company to $55.93M. KULR currently trades at a discount to its 52-week high of $0.90, offering almost -221.43% off that amount. The share price’s 52-week low was $0.10, which indicates that the current value has risen by an impressive 64.29% since then. We note from KULR Technology Group Inc’s average daily trading volume that its 10-day average is 1.61 million shares, with the 3-month average coming to 1.99 million.

KULR Technology Group Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended KULR as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. KULR Technology Group Inc is expected to report earnings per share of -0.02 for the current quarter.

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KULR Technology Group Inc (AMEX:KULR) trade information

Instantly KULR has showed a red trend with a performance of -2.70% 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 0.3041 on recent trading dayincreased the stock’s daily price by 7.93%. The company’s shares are currently up 51.89% year-to-date, but still down -7.41% over the last five days. On the other hand, KULR Technology Group Inc (AMEX:KULR) is -1.06% down in the 30-day period. We can see from the shorts that 7.22 million shares have been sold at a short interest cover period of 3.39 day(s).

KULR Technology Group Inc (KULR) estimates and forecasts

KULR Technology Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -39.61 percent over the past six months and at a 50.00% annual growth rate that is well above the industry average of -3.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 60.00% in revenue this quarter, and will report an increase of 50.00% in the next quarter. The year-over-year growth rate is expected to be -3.80%, down from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 2.41M in revenue for the current quarter. 3 analysts expect KULR Technology Group Inc to make 2.87M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.04M and 2.33M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -20.70%. Forecasts for the next quarter put sales growth at 23.00%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -49.98%.

KULR Dividends

KULR Technology Group Inc’s next quarterly earnings report is expected to be released in November.

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

Upon looking at major shareholders, it appears that insiders hold 17.47% of KULR Technology Group Inc shares, and 4.74% of them are in the hands of institutional investors. The stock currently has a share float of 5.74%. KULR Technology Group Inc stock is held by 46.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.4087% of the shares, which is about 4.85 million shares worth $1.92 million.

GEODE CAPITAL MANAGEMENT, LLC, with 0.756% or 1.08 million shares worth $0.43 million as of 2024-06-30, holds the second largest percentage of outstanding shares.