Kaixin Auto Holdings [NASDAQ: KXIN] traded at a high on 02/19/21, posting a 0.72 gain after which it closed the day’ session at $4.18. 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.
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 results of the trading session contributed to over 4628872 shares changing hands. Over the past one week, the price volatility of Kaixin Auto Holdings stands at 10.44% while the volatility over the past one month is 12.10%.
The market cap for KXIN stock reached $270.32 million, with 59.65 million shares outstanding and 10.95 million shares in the current float. Compared to the average trading volume of 7.30M shares, KXIN reached a trading volume of 4628872 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Kaixin Auto Holdings [KXIN]?
The Average True Range (ATR) for Kaixin Auto Holdings is set at 0.44, with the Price to Sales ratio for KXIN stock in the period of the last 12 months amounting to 1.65.
How has KXIN stock performed recently?
Kaixin Auto Holdings [KXIN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.95. With this latest performance, KXIN shares gained by 7.18% in over the last four-week period, additionally plugging by 354.35% over the last 6 months – not to mention a rise of 269.91% 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 51.76, with the RSI for the last a single of trading hit 52.52, and the three-weeks RSI is set at 51.17 for Kaixin Auto Holdings [KXIN]. The present Moving Average for the last 50 days of trading for this stock 4.06, while it was recorded at 4.28 for the last single week of trading, and 2.32 for the last 200 days.
Kaixin Auto Holdings [KXIN]: Deeper insight into the 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.
Insider trade positions for Kaixin Auto Holdings [KXIN]
There are presently around $3 million, or 1.00% of KXIN stock, in the hands of institutional investors. The top three institutional holders of KXIN stocks are: SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC with ownership of 254,600, which is approximately New of the company’s market cap and around 14.20% of the total institutional ownership; JANE STREET GROUP, LLC, holding 205,836 shares of the stock with an approximate value of $0.86 million in KXIN stocks shares; and SCHONFELD STRATEGIC ADVISORS LLC, currently with $0.37 million in KXIN stock with ownership of nearly New of the company’s market capitalization.
14 institutional holders increased their position in Kaixin Auto Holdings [NASDAQ:KXIN] by around 797,595 shares. Additionally, 6 investors decreased positions by around 405,861 shares, while 0 investors held positions by with 405,861 shares. The mentioned changes placed institutional holdings at 797,595 shares, according to the latest SEC report filing. KXIN stock had 14 new institutional investments in for a total of 797,595 shares, while 6 institutional investors sold positions of 405,861 shares during the same period.