Kaixin Auto Holdings (NASDAQ:KXIN) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -0.74% to the previous day’s close as weak demand from buyers trailed the stock to $4.01.
Actively observing the price movement in the last trading, the stock closed the session at $4.04, falling within a range of $3.9200 and $4.0600. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $13.4, and the low was $0.4. On the whole, KXIN has fluctuated by -0.5% over the past month.
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 KXIN’s technical picture suggests that short-term indicators denote the stock is a Hold 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 100% Buy.
A comparison of Kaixin Auto Holdings (KXIN) with its peers suggests the former has fared considerably better in the market. KXIN showed an intraday change of -0.74% in last session, and over the past year, it grew by +215.75%. In comparison, Genuine Parts Company (GPC) has moved lower at -2.23% on the day and was up +5.89% over the past 12 months. On the other hand, the price of LKQ Corp (LKQ) has fallen -1.16% on the day. The stock, however, is off 14.62% from where it was a year ago. Additionally, there is a decline of -74% for Cargurus Inc Cl A (CARG) in last trading while the stock has seen an overall apprecation of 215.75% over the past year. The PE ratio stands at 0 for Kaixin Auto Holdings, compared to 4235.6 for Genuine Parts Company, and 20.1 for LKQ Corp. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Kaixin Auto Holdings (NASDAQ:KXIN) indicates that the trading volumes over the past 10 days have averaged 2.01 Million and over the past 3 months, they’ve averaged 12.78 Million. According to company’s latest data on outstanding shares, there are 65.13 Million shares outstanding.
Nearly 89.6% of Kaixin Auto Holdings’s shares belong to company insiders and institutional investors own 0.73% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 670.34 Million shares as on December 30, 2020, resulting in a short ratio of 0.21. According to the data, the short interest in Kaixin Auto Holdings (KXIN) stood at 1.03% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 1.68 Million. The stock has risen by +7.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KXIN stock heading into the next quarter.
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