KULR Technology Group Inc (KULR): Why Is The Stock Strong?

KULR Technology Group Inc (AMEX:KULR) has a beta value of 1.76 and has seen 10.56 million shares traded in the last trading session. The company, currently valued at $257.15M, closed the last trade at $1.18 per share which meant it gained $0.02 on the day or 1.72% during that session. The KULR stock price is -48.31% off its 52-week high price of $1.75 and 91.53% above the 52-week low of $0.10. If we look at the company’s 10-day average daily trading volume, we find that it stood at 36.22 million shares traded. The 3-month trading volume is 19.96 million shares.

KULR Technology Group Inc (AMEX:KULR) trade information

Sporting 1.72% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the KULR stock price touched $1.18 or saw a rise of 11.28%. Year-to-date, KULR Technology Group Inc shares have moved 537.84%, while the 5-day performance has seen it change -7.81%. Over the past 30 days, the shares of KULR Technology Group Inc (AMEX:KULR) have changed 138.58%. Short interest in the company has seen 7.28 million shares shorted with days to cover at 3.58.

KULR Technology Group Inc (KULR) estimates and forecasts

Figures show that KULR Technology Group Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 223.82% over the past 6 months, with this year growth rate of 55.00%, compared to -0.90% for the industry. Revenue growth from the last financial year stood is estimated to be 4.61%.

3 analysts offering their estimates for the company have set an average revenue estimate of 2.87M for the current quarter. 1 have an estimated revenue figure of 3M for the next ending quarter. Year-ago sales stood 2.33M and 1.75M respectively for this quarter and the next, and analysts expect sales will grow by 22.84% for the current quarter and 4.61% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -49.98% over the past 5 years.

KULR Dividends

KULR Technology Group Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 17.47% of the company shares, while shares held by institutions stand at 4.98% with a share float percentage of 6.03%. Investors are also buoyed by the number of investors in a company, with KULR Technology Group Inc having a total of 49.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 4.85 million shares worth more than $1.92 million. As of 2024-06-30, VANGUARD GROUP INC held 3.4087% of shares outstanding.

The other major institutional holder is GEODE CAPITAL MANAGEMENT, LLC, with the holding of over 1.08 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.43 million and represent 0.756% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 4.07% shares in the company for having 3.84 shares of worth $4.53 million while later fund manager owns 933.7 shares of worth $1.1 million as of Sep 30, 2024 , which makes it owner of about 0.99% of company’s outstanding stock.