Will Kandi Technologies Group, Inc. (NASDAQ:KNDI) in 2021 Be Worth Your Money?

In the latest trading session, 8,337,644 Kandi Technologies Group, Inc.(NASDAQ:KNDI) shares changed hands as the company’s beta touched 2.28. With the company’s most recent per share price at $9.06 changing hands around $0.72 or 0.09% at last look, the market valuation stands at $667.32 Million. KNDI’s current price is a discount, trading about -92.6% off its 52-week high of $17.45. The share price had its 52-week low at $2.17, which suggests the recent value is76.05% up since then. When we look at Kandi Technologies Group, Inc.’s average trading volume, we note the 10-day average is 5.37 Million shares, with the 3-month average coming to 13.51 Million.

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Analysts gave the Kandi Technologies Group, Inc. (KNDI) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 0. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, none recommended KNDI as a Hold, none felt it is a Buy and none rated the stock as Underweight. Kandi Technologies Group, Inc.’s EPS for the current quarter is expected to be -$0.08.

Instantly KNDI is in green as seen in intraday trades today. With action 8.65%, the performance over the past five days has been green. The jump to weekly highs of $9.24- on Tuesday, Jan 26 added 2.38% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.31%, with the 5-day performance at 0.1% in the green. However, in the 30-day time frame, Kandi Technologies Group, Inc. (NASDAQ:KNDI) is 0.25% up. Looking at the short shares, we see there were 15.64 Million shares sold at short interest cover period of 1.16 days.

The consensus price target for the stock as assigned by Wall Street analysts is $2.38, meaning bulls need a downside of -73.73% from its recent market value. According to analyst projections, KNDI’s forecast low is $2.38 with $2.38 as the target high. To hit the forecast high, the stock’s price needs a -73.73% upsurge from its latest level, while the stock would need to tank -73.73% for it to hit the projected low.

Kandi Technologies Group, Inc. (KNDI) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -19.9%. The 2021 estimates are for Kandi Technologies Group, Inc. earnings to decrease by -23.5%, but the outlook for the next 5-year period is at 0% per year.

Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 17.71% of Kandi Technologies Group, Inc. shares while 5.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 6.71%. There are 55 institutions holding the Kandi Technologies Group, Inc. stock share, with Invesco Ltd. the top institutional holder. As of Sep 29, 2020, the company held 4.88% of the shares, roughly 3.1 Million KNDI shares worth $19.23 Million.

Susquehanna International Group, LLP holds the second largest percentage of outstanding shares, with 0.48% or 306.76 Thousand shares worth $1.9 Million as of Sep 29, 2020.

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