Kandi Technologies Group Inc [NASDAQ: KNDI] stock went on a downward path that fall over -3.80% on Wednesday, amounting to a one-week price decrease of less than -3.38%.
Over the last 12 months, KNDI stock dropped by -21.43%. The one-year Kandi Technologies Group Inc stock forecast points to a potential upside of 81.2. The average equity rating for KNDI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $81.07 million, with 85.48 million shares outstanding and 71.48 million shares in the current float. Compared to the average trading volume of 102.82K shares, KNDI stock reached a trading volume of 157723 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Kandi Technologies Group Inc [KNDI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KNDI shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KNDI 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.
Noble Capital Markets have made an estimate for Kandi Technologies Group Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 02, 2021.
The Price to Book ratio for the last quarter was 0.23, with the Price to Cash per share for the same quarter was set at 1.47.
KNDI Stock Performance Analysis:
Kandi Technologies Group Inc [KNDI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.38. With this latest performance, KNDI shares dropped by -21.10% in over the last four-week period, additionally sinking by -18.02% over the last 6 months – not to mention a drop of -21.43% 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 KNDI stock in for the last two-week period is set at 26.44, with the RSI for the last a single of trading hit 0.0447, and the three-weeks RSI is set at 0.0498 for Kandi Technologies Group Inc [KNDI]. The present Moving Average for the last 50 days of trading for this stock 1.1630, while it was recorded at 0.9682 for the last single week of trading, and 1.2480 for the last 200 days.
Insight into Kandi Technologies Group Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Kandi Technologies Group Inc [KNDI] shares currently have an operating margin of -35.00% and a Gross Margin at 30.78%. Kandi Technologies Group Inc’s Net Margin is presently recorded at -39.58%.
Kandi Technologies Group Inc (KNDI) Capital Structure & Debt Analysis
According to recent financial data for Kandi Technologies Group Inc. ( KNDI), the Return on Equity (ROE) stands at -13.49%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -10.42%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Kandi Technologies Group Inc’s Return on Invested Capital (ROIC) is -14.41%, showcasing its effectiveness in deploying capital for earnings.
Kandi Technologies Group Inc (KNDI) Efficiency & Liquidity Metrics
Based on Kandi Technologies Group Inc’s (KNDI) latest financial statements, the Debt-to-Equity Ratio is 0.25%, indicating its reliance on debt financing relative to shareholder equity.
Kandi Technologies Group Inc (KNDI) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Kandi Technologies Group Inc. (KNDI) effectively leverages its workforce, generating an average of -$68335.59 per employee. The company’s liquidity position is robust, with a Current Ratio of 2.95% and a Quick Ratio of 2.52%, indicating strong ability to cover short-term liabilities.
Kandi Technologies Group Inc [KNDI] Institutonal Ownership Details
There are presently around $1.54%, or 1.86%% of KNDI stock, in the hands of institutional investors.
