The trading price of KULR Technology Group Inc (AMEX:KULR) closed higher on Friday, November 15, and closing at $0.39, 1.75% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.3651 and $0.3974. In examining the 52-week price action we see that the stock hit a 52-week high of $0.90 and a 52-week low of $0.10. Over the past month, the stock has gained 26.63% in value.
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KULR Technology Group Inc, whose market valuation is $84.99 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.02 per share this quarter, however they have predicted annual earnings per share of -0.09 for current year and -0.06 for next year.
Analysts have forecast the company to bring in revenue of 2.87M for the current quarter, with the likely lows of 2.8M and highs of 3M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 9.47M.
On the technical side, indicators suggest KULR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that KULR’s price is currently 17.77% off the SMA20 and 27.66% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.25, and weekly volatility stands at 21.53%. When measured over the past 30 days, the indicator reaches 9.84%. KULR Technology Group Inc (AMEX:KULR)’s beta value is currently sitting at 0.94, while the Average True Range indicator is currently displaying 0.04.
To see how KULR Technology Group Inc stock has been performing in comparison to its peers in the industry, here are the numbers: KULR stock’s performance was 1.75% in the latest trading, and 9.89% in the past year.
An evaluation of the daily trading volume of KULR Technology Group Inc (AMEX:KULR) indicates that the 3-month average is 2.83 million. However, this figure has increased over the past 10 days to an average of 8.4.
Currently, records show that 214.23 million of the company’s shares remain outstanding. The insiders hold 7.87% of outstanding shares, whereas institutions hold 4.39%. The stats also highlight that short interest as of 2024-10-31, stood at 7.28 million shares, resulting in a short ratio of 3.58 at that time. From this, we can conclude that short interest is 412.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 7.65 million. However, since the stock’s price has seen 110.76% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
