Kaixin Holdings. (NASDAQ:KXIN) shares, rose in value on Friday, October 11, with the stock price down by -4.88% to the previous day’s close as strong demand from buyers drove the stock to $0.20.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.21, falling within a range of $0.2002 and $0.223. Referring to stock’s 52-week performance, its high was $3.55, and the low was $0.06. On the whole, KXIN has fluctuated by 184.55% over the past month.
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With the market capitalization of Kaixin Holdings. currently standing at about $10.09 million, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KXIN’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 Hold.
The price of KXIN currently trading nearly 21.34% and 73.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.77, while the 7-day volatility ratio is showing 48.38% which for the 30-day chart, stands at 37.83%. Furthermore, Kaixin Holdings. (KXIN)’s beta value is 0.07, and its average true range (ATR) is 0.07.
A comparison of Kaixin Holdings. (KXIN) with its peers suggests the former has fared considerably weaker in the market. KXIN showed an intraday change of -4.88% in today’s session so far, and over the past year, it shrunk by -82.38%%.
Data on historical trading for Kaixin Holdings. (NASDAQ:KXIN) indicates that the trading volumes over the past 10 days have averaged 168.86 and over the past 3 months, they’ve averaged 30.72 million. According to company’s latest data on outstanding shares, there are 49.81 million shares outstanding.
Nearly 8.30% of Kaixin Holdings.’s shares belong to company insiders and institutional investors own 0.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.73 million shares as on 2024-09-30, resulting in a short ratio of 0.02. According to the data, the short interest in Kaixin Holdings. (KXIN) stood at 122.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 0.72 million. The stock has fallen by -76.98% 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.
