KULR Technology Group Inc (AMEX:KULR) price on Thursday, June 12, fall -1.60% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.23.
A look at the stock’s price movement, the close in the last trading session was $1.25. Turning to its 52-week performance, $5.49 and $0.20 were the 52-week high and 52-week low respectively. Overall, KULR moved -21.66% over the past month.
KULR Technology Group Inc’s market cap currently stands at around $379.81 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 3.45M for the company’s revenue for the quarter, with a low and high estimate of 3.4M and 3.5M respectively. The average forecast suggests up to a 41.86% 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 19.77M, representing a 84.09% jump 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 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
KULR’s current price about 1.74% and -2.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.46, while 7-day volatility ratio is 4.69% and 5.21% in the 30-day chart. Further, KULR Technology Group Inc (KULR) has a beta value of 1.60, and an average true range (ATR) of 0.09.
If we refocus on KULR Technology Group Inc (AMEX:KULR), historical trading data shows that trading volumes averaged 11.86 million over the past 3 months. The company’s latest data on shares outstanding shows there are 284.52 million shares.
The 14.56% of KULR Technology Group Inc’s shares are in the hands of company insiders while institutional holders own 9.19% of the company’s shares. Current price change has pushed the stock -65.35% 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.
