Over the past three months, Kandi Technologies Group Inc. [KNDI] ended the trading day at $12.59 and exhibited a change of -12.63% with a 24 hour trading and reached upto the volume of 6.22M compared to its recorded trading volume of 40.4 million. KNDI generated a 1 year amount change with 209.23%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 108.24% with an amount shift of 100.14% over the last month.
On 20, November 2020, Kandi Technologies Announces Entry into Agreement for Registered Direct Placement of $100 Million of Common Stock and Warrants. According to news published on Yahoo Finance, Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQ GS: KNDI), today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct placement of $100 million of 8,849,560 units (the “Units”) of its securities at a purchase price per Unit of $11.30, generating aggregate gross proceeds to the Company of approximately $100 million, before deducting fees to the placement agent and other estimated offering expenses payable by the Company. Each Unit consisted of one share of our common stock and 0.4 warrants to purchase a share of our common stock. The warrants have an exercise price of $14.50 per share, a term of 30 months, and are exercisable upon issuance.
In the past 52 weeks of trading, this stock has oscillated between a low of $2.17 and a peak of $17.40. Right now, the middling Wall Street analyst 12-month amount mark is $2.38. At the most recent market close, shares of Kandi Technologies Group Inc. [NASDAQ:KNDI] were valued at $12.59. According to the average price forecast, investors can expect a potential return of -404.2%.
Kandi Technologies Group Inc. [NASDAQ:KNDI] most recently reported quarterly sales of 18.72 billion, which represented growth of -41.00%. This publicly-traded organization’s revenue is $228,521 per employee, while its income is -$12,102 per employee. This company’s Gross Margin is currently 19.10%, its Operating Margin is 7.90%, its Pretax Margin is +16.82, and its Net Margin is -5.30. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -1.80, -3.24, 0.31 and -2.95 respectively.
The Principal structure of this organization shows its whole liability to whole principal at 22.95 and the whole liability to whole assets at 17.48. It shows enduring liability to the whole principal at 5.08 and enduring liability to assets at 0.04 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 12.92 points at 1st support level, the second support level is making up to 11.44. But as of 1st resistance point, this stock is sitting at 15.17 and at 15.94 for 2nd resistance point.
Kandi Technologies Group Inc. [KNDI] reported its earnings at -$0.03 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.11/share signifying the difference of 0.08 and 72.70% surprise value.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Kandi Technologies Group Inc. [NASDAQ:KNDI] is 1.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.13. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.82, it’s amount to book ratio is 1.15 and showing 110.00 of P/E (TTM) ratio.
The most recent insider trade was by Yu Henry, Director, and it was the sale of 5000.0 shares on Nov 21.