Alliance Global Partners slashes price target on KULR Technology Group Inc [KULR] – find out why.

KULR Technology Group Inc [AMEX: KULR] closed the trading session at $0.17. The company report on March 14, 2024 at 2:01 PM that SmallCapVoice.com Inc. (“SCV”) to Host First Annual Safety Summit featuring Up-and-Coming Public Companies.

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The stocks have a year to date performance of -8.11 percent and weekly performance of 21.43 percent. The stock has been moved at -57.51 percent over the last six months. The stock has performed 29.97 percent around the most recent 30 days and changed -37.04 percent over the most recent 3-months.

If compared to the average trading volume of 1.76M shares, KULR reached to a volume of 44490184 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 KULR Technology Group Inc [KULR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KULR shares is $2.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KULR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Alliance Global Partners have made an estimate for KULR Technology Group Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 18, 2021.

The Average True Range (ATR) for KULR Technology Group Inc is set at 0.02, with the Price to Sales ratio for KULR stock in the period of the last 12 months amounting to 2.43. The Price to Book ratio for the last quarter was 18.07, with the Price to Cash per share for the same quarter was set at 0.01.

KULR stock trade performance evaluation

KULR Technology Group Inc [KULR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.43. With this latest performance, KULR shares gained by 29.97% in over the last four-week period, additionally sinking by -57.51% over the last 6 months – not to mention a drop of -83.81% 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 KULR stock in for the last two-week period is set at 59.45, with the RSI for the last a single of trading hit 69.03, and the three-weeks RSI is set at 53.08 for KULR Technology Group Inc [KULR]. The present Moving Average for the last 50 days of trading for this stock 0.1607, while it was recorded at 0.1437 for the last single week of trading, and 0.4434 for the last 200 days.

KULR Technology Group Inc [KULR]: An insightful look at the core fundamentals

KULR Technology Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.44.

Earnings per share (EPS) analysis for KULR Technology Group Inc [KULR] stock

With the latest financial reports released by the company, KULR Technology Group Inc posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 20.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KULR.

KULR Technology Group Inc [KULR]: Institutional Ownership

The top three institutional holders of KULR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in KULR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in KULR stock with ownership which is approximately 5.8325%.