Kaixin Auto Holdings (NASDAQ:KXIN) shares, dropped in value on Wednesday, Apr 07, with the stock price down by -3.29% to the previous day’s close as weak demand from buyers trailed the stock to $2.94.
Actively observing the price movement in the last trading, the stock closed the session at $3.04, falling within a range of $2.8800 and $3.0600. The value of beta (5-year monthly) was -0.6 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 2.08% 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 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a Hold.
A comparison of Kaixin Auto Holdings (KXIN) with its peers suggests the former has fared considerably weaker in the market. KXIN showed an intraday change of -3.29% in last session, and over the past year, it grew by +203.09%. In comparison, Genuine Parts Company (GPC) has moved lower at -0.67% on the day and was up +73.89% over the past 12 months. On the other hand, the price of LKQ Corp (LKQ) has risen 1.54% on the day. The stock, however, is off 118.47% from where it was a year ago. Additionally, there is a decline of -329% for Dorman Products Inc (DORM) in last trading while the stock has seen an overall apprecation of 203.09% over the past year. The PE ratio stands at 0 for Kaixin Auto Holdings, compared to 103.99 for Genuine Parts Company, and 20.93 for LKQ Corp. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.
Data on historical trading for Kaixin Auto Holdings (NASDAQ:KXIN) indicates that the trading volumes over the past 10 days have averaged 2.22 Million and over the past 3 months, they’ve averaged 3.59 Million. According to company’s latest data on outstanding shares, there are 65.13 Million shares outstanding.
Nearly 74.65% of Kaixin Auto Holdings’s shares belong to company insiders and institutional investors own 1.5% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 804.66 Million shares as on March 14, 2021, resulting in a short ratio of 0.21. According to the data, the short interest in Kaixin Auto Holdings (KXIN) stood at 1.24% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 1.19 Million. The stock has fallen by -21.18% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the KXIN stock heading into the next quarter.