Is It Worthwhile For Investors To Follow These Insider Trades On Kaixin Auto Holdings (KXIN)?

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Kaixin Auto Holdings (NASDAQ:KXIN) finished Wednesday with an addition of $0.13 to close at $0.78, an upside of 20.35 percent. An average of 517,920 shares of common stock have been traded in the last five days. There was a gain of $0.0747 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 288,100 shares traded, while the 50-day average volume stands at 318,378.

KXIN stock has decreased by -6.60% in the last month. The company shares reached their 1-month lowest point of $0.5900 on 09/21/22. With the stock rallying to its 52-week high on 03/28/22, shares of the company touched a low of $0.65 and a high of $3.11 in 52 weeks. It has reached a new high 6 times so far this year and lost -31.38% or -$0.3577 in price. In spite of this, the price is down -74.85% from the 52-week high.


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Valuation Metrics

Kaixin Auto Holdings (KXIN) stock’s beta is -0.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 73.01.

Financial Health

The quick ratio of Kaixin Auto Holdings for the recent quarter was 2.00, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $5.26 million compared to revenue of $253.84 million.

Earnings Surprise

For the recent quarter, Kaixin Auto Holdings had $2.0 million in total debt. The company posted a net income of -$196.58 million in the quarter, while revenues were grew 97.3%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Kaixin Auto Holdings (KXIN) price momentum. RSI 9-day as of the close on 21 September was 55.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 114.28%.

As of today, KXIN’s price is $0.7121 +10.56% or $0.0747 from its 5-day moving average. KXIN is currently trading -5.75% lower than its 20-day SMA and -20.17% lower than its 100-day SMA. However, the stock’s current price level is -23.30% below the SMA50 and -46.42% below the SMA200.

The stochastic %K and %D were 44.53% and 36.21%, respectively, and the average true range (ATR) was 0.0700. With the 14-day stochastic at 71.22% and the average true range at 0.0642, the RSI (14) stands at 49.04%. The stock has reached -0.0151 on the 9-day MACD Oscillator while the 14-day reading was at -0.0098.

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