An Analysis Of KULR Technology Group Inc (AMEX: KULR), And Its Business Forecast

In the last trading session, 9.12 million shares of the KULR Technology Group Inc (AMEX:KULR) were traded, and its beta was 0.92. Most recently the company’s share price was $0.34, and it changed around -$0.05 or -11.52% from the last close, which brings the market valuation of the company to $75.20M. KULR currently trades at a discount to its 52-week high of $0.90, offering almost -164.71% off that amount. The share price’s 52-week low was $0.10, which indicates that the current value has risen by an impressive 70.59% since then. We note from KULR Technology Group Inc’s average daily trading volume that its 10-day average is 8.4 million shares, with the 3-month average coming to 2.88 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.

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KULR Technology Group Inc (AMEX:KULR) trade information

Instantly KULR has showed a red trend with a performance of -11.52% 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 0.4999 on recent trading dayincreased the stock’s daily price by 31.99%. The company’s shares are currently up 86.49% year-to-date, but still down -24.97% over the last five days. On the other hand, KULR Technology Group Inc (AMEX:KULR) is 13.67% up in the 30-day period. We can see from the shorts that 7.28 million shares have been sold at a short interest cover period of 3.58 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 -10.85 percent over the past six months and at a 50.00% annual growth rate that is well above the industry average of -3.90%.

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 December.

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 4.98% of them are in the hands of institutional investors. The stock currently has a share float of 6.03%. KULR Technology Group Inc stock is held by 49.0 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.