At the last check on Thursday, KULR Technology Group Inc.’s (AMEX:KULR) stock was down -$0.01, moving down -2.13 percent to $0.57. The average number of shares traded per day over the past five days has been 765,363 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1189 fall in that time frame. In the last twenty days, the average volume was 864,846, while in the previous 50 days, it was 566,304.
Since last month, KULR stock retreated -38.43%. Shares of the company fell to $0.5601 on 08/31/23, the lowest level in the past month. A 52-week high of $2.22 was reached on 02/06/23 after having rallying from a 52-week low of $0.55. Since the beginning of this year, KULR’s stock price has dropped by -52.85% or -$0.6339, and marked a new high 9 times. However, the stock has declined by -74.51% since its 52-week high.
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KULR stock investors should be aware that KULR Technology Group Inc. (KULR) stock had its last reported insider trading activity 63 days ago on Jun 29. Knowles Timothy Ray, the Executive Technical Fellow of the company, disposed of 61,756 shares for $0.62 on Jun 29. It resulted in a $38,289 divestment by the insider. Knowles Timothy Ray sold 38,244 shares at an average price of $0.64 on Jun 28. The insider now owns 732,116 shares following the transaction. On Sep 02, Chief Technical Officer Knowles Timothy Ray sold 18,398 shares at $1.40 apiece. The transaction was valued at $25,757.
Valuation Metrics
The stock’s beta is 0.47. Besides these, the trailing price-to-sales (P/S) ratio of 9.20, the price-to-book (PB) ratio of 18.86.
Financial Health
In the three months ended June 29, KULR Technology Group Inc.’s quick ratio stood at 0.50, while its current ratio was 0.60, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 49.20% percent. Based on annual data, KULR earned $2.36 million in gross profit and brought in $4.0 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -92.50%. Return on equity (ROE) for the past 12 months was -305.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KULR’s revenue rose 100.0% to -$399.13 million during the quarter, while net income inched up to $1.64 million. While analysts expected KULR Technology Group Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.05 per share. During the quarter, the company generated -$5.17 million in EBITDA. The liabilities of KULR Technology Group Inc. were 11.79 million at the end of its most recent quarter ended June 29, and its total debt was $7.49 million. The value of shareholders’ equity is $118.78 million.
Technical Picture
This quick technical analysis looks at KULR Technology Group Inc.’s (KULR) price momentum. With a historical volatility rate of 48.03%, the RSI 9-day stood at 29.04% on 30 August.
With respect to its five-day moving average, the current KULR Technology Group Inc. price is down by -17.36% percent or -$0.1189. At present, KULR shares trade -38.89% below its 20-day simple moving average and -30.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.68% below its SMA50 and -68.55% below its SMA200.
Stochastic coefficient K was 4.33% and Stochastic coefficient D was 5.09%, while ATR was 0.0805. Given the Stochastic reading of 1.11% for the 14-day period, the RSI (14) reading has been calculated as 34.05%. As of today, the MACD Oscillator reading stands at -0.0567, while the 14-day reading stands at -0.1378.
Analyst Ratings
Alliance Global Partners launched its rating on KULR Technology Group Inc. (AMEX: KULR) to a Buy in a note to investors on October 18, 2021. KULR Technology Group Inc. (KULR) has been rated Buy by analysts. According to 0 brokerage firms, KULR is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate KULR Technology Group Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $4.33, the current consensus forecast for the stock is $1.65 – $7.00. Based on these forecasts, analysts predict KULR Technology Group Inc. (KULR) will achieve an average price target of $4.33.
