KULR Technology Group Inc (AMEX:KULR) price on Wednesday, November 13, rose 7.97% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.49.
A look at the stock’s price movement, the close in the last trading session was $0.46, moving within a range at $0.4155 and $0.4999. The beta value (5-Year monthly) was 0.862. Turning to its 52-week performance, $0.90 and $0.10 were the 52-week high and 52-week low respectively. Overall, KULR moved 61.06% over the past month.
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KULR Technology Group Inc’s market cap currently stands at around $98.44 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 2.87M for the company’s revenue for the quarter, with a low and high estimate of 2.8M and 3M respectively. The average forecast suggests up to a 22.84% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.47M, representing a -3.71% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KULR is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
KULR’s current price about 53.14% and 65.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 84.80, while 7-day volatility ratio is 19.17% and 8.93% in the 30-day chart. Further, KULR Technology Group Inc (KULR) has a beta value of 1.01, and an average true range (ATR) of 0.04.
If we refocus on KULR Technology Group Inc (AMEX:KULR), historical trading data shows that trading volumes averaged 5.56 over the past 10 days and 2.51 million over the past 3 months. The company’s latest data on shares outstanding shows there are 199.03 million shares.
The 7.87% of KULR Technology Group Inc’s shares are in the hands of company insiders while institutional holders own 4.99% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.28 million on 2024-10-31, giving us a short ratio of 3.58. The data shows that as of 2024-10-31 short interest in KULR Technology Group Inc (KULR) stood at 411.99997 of shares outstanding, with shares short falling to 7.65 million registered in 2024-09-30. Current price change has pushed the stock 167.35% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KULR stock continues to rise going into the next quarter.
