Kaixin Auto Holdings [KXIN] is -36.46% lower this YTD. Is it still time to buy?

Kaixin Auto Holdings [NASDAQ: KXIN] traded at a low on 04/14/21, posting a -7.78 loss after which it closed the day’ session at $2.37. The company report on April 12, 2021 that Kaixin Auto Holdings Announces Cooperation Agreement between Haitaoche and Jingdong.

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Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announced that Haitaoche Limited (“Haitaoche”) has signed into a cooperation agreement (“Cooperation Agreement”) with Jingdong Century Trade Limited (“Jingdong”), a leading online retail platform (www.jd.com) in China to tap into China’s fast-growing e-commerce auto market. 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.

According to the terms of the Cooperation Agreement, Haitaoche aims to gain access to China’s fast-growing e-commerce auto sales market and tap into diversified revenue source and growth opportunities by leveraging its rich resources and expertise in consumer vehicle sales and full range of value-added services. Both parties aim to achieve a total sale of RMB 2 billion (approximately US$308 million) worth of Haitaoche consumer vehicles on the Jingdong platform, and the volume of sales will then increase by at least 50 percent annually during a three-year period. The total sales of the Cooperation Agreement is RMB 9.5 billion (approximately US$1.4 billion).

The results of the trading session contributed to over 1110338 shares changing hands. Over the past one week, the price volatility of Kaixin Auto Holdings stands at 8.54% while the volatility over the past one month is 9.02%.

The market cap for KXIN stock reached $160.40 million, with 59.65 million shares outstanding and 10.95 million shares in the current float. Compared to the average trading volume of 3.49M shares, KXIN reached a trading volume of 1110338 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 0.27, with the Price to Sales ratio for KXIN stock in the period of the last 12 months amounting to 0.98.

How has KXIN stock performed recently?

Kaixin Auto Holdings [KXIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.39. With this latest performance, KXIN shares dropped by -28.40% in over the last four-week period, additionally plugging by 337.83% over the last 6 months – not to mention a rise of 125.71% 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 29.85, with the RSI for the last a single of trading hit 22.00, and the three-weeks RSI is set at 35.04 for Kaixin Auto Holdings [KXIN]. The present Moving Average for the last 50 days of trading for this stock 3.47, while it was recorded at 2.66 for the last single week of trading, and 2.76 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 $2 million, or 1.50% 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 $0.49 million in KXIN stocks shares; and SCHONFELD STRATEGIC ADVISORS LLC, currently with $0.21 million in KXIN stock with ownership of nearly New of the company’s market capitalization.

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15 institutional holders increased their position in Kaixin Auto Holdings [NASDAQ:KXIN] by around 857,118 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 857,118 shares, according to the latest SEC report filing. KXIN stock had 15 new institutional investments in for a total of 857,118 shares, while 6 institutional investors sold positions of 405,861 shares during the same period.

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