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After finishing at $1.43 in the prior trading day, Kandi Technologies Group Inc (NASDAQ: KNDI) closed at $1.62, up 13.29%. In other words, the price has increased by $13.29 from its previous closing price. On the day, 1.15 million shares were traded. KNDI stock price reached its highest trading level at $1.69 during the session, while it also had its lowest trading level at $1.45.
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 addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. 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 132911776 and an Enterprise Value of 126674368. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at 0.993 whereas that against EBITDA is -3.86.
Stock Price History:
The Beta on a monthly basis for KNDI is 0.80, which has changed by -0.06358379 over the last 52 weeks, in comparison to a change of 0.14064062 over the same period for the S&P500. Over the past 52 weeks, KNDI has reached a high of $2.07, while it has fallen to a 52-week low of $0.89. The 50-Day Moving Average of the stock is 37.19%, while the 200-Day Moving Average is calculated to be 34.40%.
Shares Statistics:
The stock has traded on average 199.31K shares per day over the past 3-months and 794600 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 1.01% stake in the company. Shares short for KNDI as of 1753920000 were 1348529 with a Short Ratio of 6.77, compared to 1751241600 on 1505728. Therefore, it implies a Short% of Shares Outstanding of 1348529 and a Short% of Float of 2.48.
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.
