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

KULR Technology Group Inc [AMEX: KULR] jumped around 0.07 points on Tuesday, while shares priced at $0.52 at the close of the session, up 16.40%.

Compared to the average trading volume of 11.30M shares, KULR reached a trading volume of 21227525 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $4.00 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 0.11, with the Price to Sales ratio for KULR stock in the period of the last 12 months amounting to 9.14.

How has KULR stock performed recently?

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 2.87. With this latest performance, KULR shares gained by 148.61% in over the last four-week period, additionally plugging by 36.74% over the last 6 months – not to mention a drop of -22.55% 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 52.90, with the RSI for the last a single of trading hit 49.64, and the three-weeks RSI is set at 54.99 for KULR Technology Group Inc [KULR]. The present Moving Average for the last 50 days of trading for this stock 0.3250, while it was recorded at 0.4603 for the last single week of trading, and 0.4160 for the last 200 days.

KULR Technology Group Inc [KULR]: Deeper insight into the fundamentals

KULR Technology Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.39 and a Current Ratio set at 0.56.

Insider trade positions for KULR Technology Group Inc [KULR]

The top three institutional holders of KULR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in KULR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in KULR stock with ownership which is approximately 5.8386%.