KULR Technology Group Inc (AMEX:KULR) shares, rose in value, with the stock price up by 0.43% to the previous day’s close as strong demand from buyers drove the stock to $0.47.
Actively observing the price movement in the last trading, the stock closed the session at $0.47. 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 10.43% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 19.69M, with a low estimate of 4.57M and a high estimate of 5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.79M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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% Buy 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 -19.38% and 41.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.21, while the 7-day volatility ratio is showing 14.43% which for the 30-day chart, stands at 23.36%. Furthermore, KULR Technology Group Inc (KULR)’s beta value is 0.91, and its average true range (ATR) is 0.10.
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 0.43% in last session, and over the past year, it shrunk by -32.17%%.
Data on historical trading for KULR Technology Group Inc (AMEX:KULR) indicates that the trading volumes over the past 3 months, they’ve averaged 11.73 million. According to company’s latest data on outstanding shares, there are 133.90 million shares outstanding.
Nearly 27.70% of KULR Technology Group Inc’s shares belong to company insiders and institutional investors own 3.44% of the company’s shares. The stock has risen by 152.97% 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.
