The stock of Kaixin Auto Holdings (NASDAQ:KXIN) decreased by -$0.01 on Friday to finish at $0.22, down -2.48 percent. The last five days have seen an average of 426,800 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$0.0732. The average number of shares traded over the last 20 days was 445,665, while the average volume over the last 50 days totaled 686,526.
KXIN stock dropped -23.34% since last month. On 08/11/23, the company’s shares reached a one-month low of $0.2050. The stock touched a high of $1.04 on 01/17/23, after rallying from a low of $0.22 in 52 weeks. The price of KXIN stock has declined by -24.97% or -$0.0732 this year, reaching a new high 10 times. Still, the stock price is down -78.85% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.12. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.62, the price-to-book (PB) ratio of 1.57.
Financial Health
For the recent quarter, Kaixin Auto Holdings’s quick ratio was 2.10, while its current ratio was 2.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 0.80% percent. Kaixin Auto Holdings’s EBITDA margin for the recent year was -83.51%, whereas its operating margin stood at -83.70% for the same period. Based on annual data, it had gross profit of $0.65 million and revenue of $82.84 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KXIN’s return on assets (ROA) during the last 12 months has been -133.60%. There was a -170.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -343.80%.
Earnings Surprise
Net income for the quarter came in at $82.84 million, while revenues fell by -206.42% to $0.0. At the end of Kaixin Auto Holdings’s most recent quarter, its liabilities totaled 36.2 million, while its total debt was $9.73 million.
Technical Picture
Here’s a quick look at Kaixin Auto Holdings’s (KXIN) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 20.64%, suggesting the stock is oversold, with a 52.45% historical volatility rate.
The stochastic %K and %D were 13.24% and 11.38% respectively, while the average true range (ATR) was 0.0200. Based on the 14-day stochastic reading of 15.79%, the RSI (14) reading is 26.29%. On the 9-day MACD Oscillator, the stock is at -0.0144, and the 14-day reading is at -0.0219.
Analyst Ratings
Analysts have assigned Kaixin Auto Holdings (KXIN) an – rating. KXIN is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
