Monday, March 1, 2021

Kaixin Auto Holdings [KXIN] gain 21.72% so far this year. What now?

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Kaixin Auto Holdings [NASDAQ: KXIN] closed the trading session at $4.54 on 01/21/21. The day’s price range saw the stock hit a low of $3.82, while the highest price level was $4.73. The company report on January 11, 2021 that Kaixin Auto Holdings Announces Entry into a Vehicles Supply Contract between Haitaoche Limited and China National Vehicles Import & Export Company.

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Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announced that Haitaoche Limited (“Haitaoche”) has entered, through one of its subsidiaries, into a five-year vehicles supply contract (the “Vehicles Supply Contract”) with China National Vehicles Imp & Exp Co., Ltd. (“CVC”) on January 11, 2021. Kaixin entered into a definitive share purchase agreement with the shareholders of Haitaoche on December 31, 2020, pursuant to which Kaixin will acquire 100% of the share capital of Haitaoche from the shareholders of Haitaoche.1.


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According to the terms of the Vehicles Supply Contract, CVC will meet the demands of Haitaoche and supply RMB2.0 billion (approximately US$300 million) worth of consumer vehicles for resale through Haitaoche’s networks in 2021, and the volume of supply will then increase by at least 20 percent annually during a five-year period, with a total contract amount of RMB 14.9 billion (approximately US$2.3 billion). The execution of the Vehicles Supply Contract constitutes the beginning of a strategic partnership between Haitaoche and CVC.

The stocks have a year to date performance of 21.72 percent and weekly performance of 13.22 percent. The stock has been moved at 374.90 percent over the last six months. The stock has performed -2.78 percent around the most recent 30 days and changed -4.42 percent over the most recent 3-months.

If compared to the average trading volume of 7.02M shares, KXIN reached to a volume of 8581236 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Kaixin Auto Holdings [KXIN]:

The Average True Range (ATR) for Kaixin Auto Holdings is set at 0.39, with the Price to Sales ratio for KXIN stock in the period of the last 12 months amounting to 1.85.

KXIN stock trade performance evaluation

Kaixin Auto Holdings [KXIN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.22. With this latest performance, KXIN shares dropped by -2.78% in over the last four-week period, additionally plugging by 374.90% over the last 6 months – not to mention a rise of 288.03% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KXIN stock in for the last two-week period is set at 55.77, with the RSI for the last a single of trading hit 62.67, and the three-weeks RSI is set at 53.60 for Kaixin Auto Holdings [KXIN]. The present Moving Average for the last 50 days of trading for this stock 4.49, while it was recorded at 4.05 for the last single week of trading, and 2.01 for the last 200 days.

Kaixin Auto Holdings [KXIN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Kaixin Auto Holdings [KXIN] shares currently have an operating margin of -17.73 and a Gross Margin at -1.64. Kaixin Auto Holdings’s Net Margin is presently recorded at -13.78.

Return on Total Capital for KXIN is now -51.38, given the latest momentum, and Return on Invested Capital for the company is -44.88. Return on Equity for this stock declined to -45.06, with Return on Assets sitting at -34.81. Additionally, KXIN Total Debt to Total Capital is recorded at 131.18, with Total Debt to Total Assets ending up at 35.35.

Reflecting on the efficiency of the workforce at the company, Kaixin Auto Holdings [KXIN] managed to generate an average of -$165,290 per employee. Receivables Turnover for the company is 513.34 with a Total Asset Turnover recorded at a value of 2.53.Kaixin Auto Holdings’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.00.

Kaixin Auto Holdings [KXIN]: Insider Ownership positions

There are presently around $2 million, or 0.70% of KXIN stock, in the hands of institutional investors. The top three institutional holders of KXIN stocks are: CSS LLC/IL with ownership of 140,661, which is approximately 0% of the company’s market cap and around 14.20% of the total institutional ownership; MINT TOWER CAPITAL MANAGEMENT B.V., holding 100,000 shares of the stock with an approximate value of $0.45 million in KXIN stocks shares; and DAVIDSON KEMPNER CAPITAL MANAGEMENT LP, currently with $0.39 million in KXIN stock with ownership of nearly 0% of the company’s market capitalization.

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2 institutional holders increased their position in Kaixin Auto Holdings [NASDAQ:KXIN] by around 112,296 shares. Additionally, 2 investors decreased positions by around 69,397 shares, while 4 investors held positions by with 224,168 shares. The mentioned changes placed institutional holdings at 405,861 shares, according to the latest SEC report filing. KXIN stock had 2 new institutional investments in for a total of 112,296 shares, while 2 institutional investors sold positions of 69,397 shares during the same period.

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