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.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on..

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
.

Sponsored


Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

LEAVE A REPLY

Please enter your comment!
Please enter your name here