Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $0.83 in the prior trading day, Kandi Technologies Group Inc (NASDAQ: KNDI) closed at $0.86, up 3.44%. In other words, the price has increased by $3.44 from its previous closing price. On the day, 0.18 million shares were traded. KNDI stock price reached its highest trading level at $0.8774 during the session, while it also had its lowest trading level at $0.8111.
Ratios:
Our goal is to gain a better understanding of KNDI by taking a closer look at its different 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 73517744 and an Enterprise Value of -73483880. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at -0.706 whereas that against EBITDA is 2.422.
Stock Price History:
The Beta on a monthly basis for KNDI is 0.43, which has changed by -0.1075269 over the last 52 weeks, in comparison to a change of 0.14446163 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 $0.81. The 50-Day Moving Average of the stock is -17.99%, while the 200-Day Moving Average is calculated to be -28.73%.
Shares Statistics:
The stock has traded on average 137.87K shares per day over the past 3-months and 323660 shares per day over the last 10 days, according to various share statistics. 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 1764288000 were 1337172 with a Short Ratio of 9.83, compared to 1761868800 on 1375630. Therefore, it implies a Short% of Shares Outstanding of 1337172 and a Short% of Float of 2.4600001.
Earnings Estimates
Analysts are recommending an EPS of between $0.06 and $0.06 for the fiscal current year, implying an average EPS of $0.06.
