Is It the fundamentals that draw people into Kandi Technologies Group Inc. [KNDI]

In a recent bid Kandi Technologies Group Inc. [KNDI] faced a contemporary bid of $8.16 yielding a -42.60% decline where 16.26 million shares have exchanged hands over the last week. KNDI amount got a fall by -4.78% or -$0.41 versus $8.57 at the end of the prior session. This change led market cap to move at 746.10M, putting the price 276.04% below the 52-week high and -53.24% above the 52-week low. The company’s stock has a normal trading capacity of 16.26 million shares while the relative volume is 3.44.

On 2, December 2020, INVESTIGATION ALERT FOR KNDI INVESTORS: Bernstein Liebhard is Investigating Kandi Technologies Group Inc., for Violations of the Federal Securities Laws. According to news published on Yahoo Finance, New York, New York–(Newsfile Corp. – December 2, 2020) – Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Kandi Technologies Group, Inc. (NASDAQ: KNDI) (“Kandi” or the “Company”) resulting from allegations that Kandi might have issued misleading information to the investing public.

In the past 52 weeks of trading, this stock has oscillated between a low of $2.17 and a peak of $17.45. 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 $8.16. According to the average price forecast, investors can expect a potential return of -404.2%.

FUNDAMENTAL ANALYSIS

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 20.10%, its Operating Margin is 8.80%, 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 8.01 points at 1st support level, the second support level is making up to 7.46. But as of 1st resistance point, this stock is sitting at 9.31 and at 10.06 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 and it’s amount to book ratio is 1.15.

Insider Stories

The most recent insider trade was by Wang Lin, Director, and it was the sale of 1000.0 shares on Nov 25. Yu Henry, the Director, completed a sale of 4326.0 shares on Nov 19.