KULR Technology Group Inc (AMEX:KULR) shares, rose in value, with the stock price up by 0.44% to the previous day’s close as strong demand from buyers drove the stock to $0.71.
Actively observing the price movement in the last trading, the stock closed the session at $0.70. The value of beta (5-year monthly) was 0.78. Referring to stock’s 52-week performance, its high was $1.10, and the low was $0.10. On the whole, KULR has fluctuated by 383.65% over the past month.
With the market capitalization of KULR Technology Group Inc currently standing at about $94.19 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 12, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.04, which is expected to increase to -$0.03 for fiscal year -$0.19 and then to about -$0.13 by fiscal year 2024. Data indicates that the EPS growth is expected to be -5.60% in 2024, while the next year’s EPS growth is forecast to be 31.60%.
Analysts have estimated the company’s revenue for the quarter at $3.81 million, with a low estimate of $3 million and a high estimate of $4.26 million. According to the average forecast, sales growth in current quarter could jump up 110.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $11.31 million, representing an increase of 183.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that KULR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of KULR currently trading nearly 187.92% and 269.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 88.00, while the 7-day volatility ratio is showing 38.69% which for the 30-day chart, stands at 25.54%. Furthermore, KULR Technology Group Inc (KULR)’s beta value is 0.88, and its average true range (ATR) is 0.09.
A comparison of KULR Technology Group Inc (KULR) with its peers suggests the former has fared considerably weaker in the market. KULR showed an intraday change of 0.44% in last session, and over the past year, it shrunk by -19.40%%.
Data on historical trading for KULR Technology Group Inc (AMEX:KULR) indicates that the trading volumes over the past 10 days have averaged 44.44 million and over the past 3 months, they’ve averaged 8.94 million. According to company’s latest data on outstanding shares, there are 133.20 million shares outstanding.
Nearly 27.47% of KULR Technology Group Inc’s shares belong to company insiders and institutional investors own 4.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.4 million shares as on Mar 15, 2024, resulting in a short ratio of 0.89. According to the data, the short interest in KULR Technology Group Inc (KULR) stood at 2.55% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.43 million. The stock has risen by 282.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KULR stock heading into the next quarter.
