Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Kandi Technologies Group Inc (NASDAQ: KNDI) closed at $0.94 down -3.80% from its previous closing price of $0.98. In other words, the price has decreased by -$3.80 from its previous closing price. On the day, 0.16 million shares were traded. KNDI stock price reached its highest trading level at $0.9899 during the session, while it also had its lowest trading level at $0.9318.
Ratios:
For a deeper understanding of Kandi Technologies Group Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.52 and its Current Ratio is at 2.95. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In the most recent recommendation for this company, Noble Capital Markets on December 02, 2021, initiated with a Outperform rating and assigned the stock a target price of $5.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KNDI now has a Market Capitalization of 81067280 and an Enterprise Value of -66037912. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 0.23. Its current Enterprise Value per Revenue stands at -0.635 whereas that against EBITDA is 2.176.
Stock Price History:
The Beta on a monthly basis for KNDI is 0.37, which has changed by -0.20325202 over the last 52 weeks, in comparison to a change of 0.12159383 over the same period for the S&P500. Over the past 52 weeks, KNDI has reached a high of $1.81, while it has fallen to a 52-week low of $0.89. The 50-Day Moving Average of the stock is -18.94%, while the 200-Day Moving Average is calculated to be -24.45%.
Shares Statistics:
For the past three months, KNDI has traded an average of 102.82K shares per day and 78760 over the past ten days. A total of 85.48M shares are outstanding, with a floating share count of 71.48M. Insiders hold about 16.86% of the company’s shares, while institutions hold 1.54% stake in the company. Shares short for KNDI as of 1763078400 were 1350121 with a Short Ratio of 13.13, compared to 1760486400 on 1375544. Therefore, it implies a Short% of Shares Outstanding of 1350121 and a Short% of Float of 2.48.
