The stock of KULR Technology Group Inc. (AMEX:KULR) increased by $0.08 on Wednesday to $0.94, up 9.18 percent. The last five days have seen an average of 612,345 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$0.2790. The average number of shares traded over the last 20 days was 378,361, while the average volume over the last 50 days totaled 365,159.
KULR stock appreciated 2.17% since last month. On 08/10/23, the company’s shares reached a one-month low of $0.6800. The stock touched a high of $2.22 on 02/06/23, after rallying from a low of $0.55 in 52 weeks. The price of KULR stock has declined by -21.67% or -$0.2790 this year, reaching a new high 9 times. Still, the stock price is down -57.66% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
KULR stock investors should be aware that KULR Technology Group Inc. (KULR) stock had its last reported insider trading activity 48 days ago on Jun 29. On Jun 29, Executive Technical Fellow Knowles Timothy Ray sold 61,756 shares at $0.62 each. This transaction resulted in the insider making $38,289. On Jun 28, Knowles Timothy Ray sold 38,244 shares at a price of US$0.64. After the transaction, the insider now owns 732,116 shares. Chief Technical Officer Knowles Timothy Ray had earlier sold 18,398 shares on Sep 02 for $1.40 a share. The transaction was completed for $25,757.
Valuation Metrics
Beta for the stock is 0.43. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 18.12, the price-to-book (PB) ratio of 13.43.
Financial Health
For the three months ended March 30, KULR Technology Group Inc.’s quick ratio was 0.90, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.04, and the total debt to equity ratio is 0.93. As far as profitability goes, gross margin for the trailing twelve months is 52.80% percent. Based on annual data, it had gross profit of $2.36 million and revenue of $4.0 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KULR’s return on assets (ROA) during the last 12 months has been -98.40%. There was a -92.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -227.10%.
Earnings Surprise
According to KULR Technology Group Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at -$399.13 million, while revenues rose by 100.0% to $0.63 million. It was predicted that KULR Technology Group Inc.’s quarterly earnings would be -$0.06, but it ended up being -$0.04. EBITDA was -$5.76 million for the quarter. At the end of KULR Technology Group Inc.’s most recent quarter ended March 30, its liabilities totaled 11.88 million, while its total debt was $7.96 million. Equity owned by shareholders amounts to $118.32 million.
Technical Picture
Here’s a quick look at KULR Technology Group Inc.’s (KULR) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 62.07%, suggesting the stock is Neutral, with a 94.75% historical volatility rate.
The stochastic %K and %D were 64.75% and 52.77% respectively, while the average true range (ATR) was 0.0787. Based on the 14-day stochastic reading of 77.77%, the RSI (14) reading is 58.92%. On the 9-day MACD Oscillator, the stock is at 0.0600, and the 14-day reading is at 0.0207.
Analyst Ratings
In its analyst report released on October 18, 2021, Alliance Global Partners began covering KULR Technology Group Inc. (AMEX: KULR). The stock was rated as a Buy by the brokerage firm. Analysts have assigned KULR Technology Group Inc. (KULR) an Buy rating. KULR 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 3 others recommend it as a buy.
What is KULR’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.65 and $7.00, with a median target price of $2.50. In analyzing these forecasts, the average price target given by analysts for KULR Technology Group Inc. (KULR) is $3.72.
