Kandi's stock is surging today because auto investors are excited about electric vehicles; but Kandi may not be able to deliver on the expectations that are already baked into its stock price. Be very careful with this one. John Rosevear has no position in any of the stocks mentioned.
Full Answer
What is Kandi Technologies Group's (Kandi) stock price targets for 2019?
Their forecasts range from $5.00 to $5.00. On average, they anticipate Kandi Technologies Group's stock price to reach $5.00 in the next year. This suggests a possible upside of 55.3% from the stock's current price.
Does Kandi Technologies Group boast high insider ownership?
18.82% of the stock of Kandi Technologies Group is held by insiders. A high percentage of insider ownership can be a sign of company health. Only 13.77% of the stock of Kandi Technologies Group is held by institutions.
Why isn't Kandi holding on to its gains?
But here's the thing -- and here, I suspect, is the reason Kandi isn't holding on to its gains today: A Kandi subsidiary selling cars to Kandi's own "ride-sharing alliance?" That sounds a lot like Kandi is moving metal around, basically in-house -- one Kandi affiliate selling to another.
What is the PE (price/earnings) ratio of Kandi Technologies Group?
The P/E ratio of Kandi Technologies Group is 20.13, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.87. Kandi Technologies Group has a P/B Ratio of 0.51.
Is Kandi Technologies a good investment?
Kandi Technologies Group Inc's trailing 12-month revenue is $100.4 million with a 27.5% profit margin. Year-over-year quarterly sales growth most recently was 55.6%. Analysts expect adjusted earnings to reach $-0.450 per share for the current fiscal year.
Will Kandi stock go up?
Kandi Technologies Group Inc (NASDAQ:KNDI) The 1 analysts offering 12-month price forecasts for Kandi Technologies Group Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +108.33% increase from the last price of 2.40.
Why is Kndi stock up?
Shares of Kandi Technologies (NASDAQ: KNDI) jumped 10.5% as of noon ET Tuesday after the Chinese electric car parts-maker announced that it has reached the stage of "successful mass production" of its new rechargeable battery for electric cars and trucks.
Is Kandi a buy or sell?
Kandi Technologies Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Is Kandi a good company?
KNDI has an F grade for Quality and Stability. The stock's weak profitability and higher volatility are reflected in these grades. Also, KNDI has a C grade for Value. This is consistent with the company's 3.98x forward Price/Sales, which is 192.2% higher than the 1.36x industry average.
What is the target price for Kndi stock?
$5.00Analyst Price Target on KNDI Based on 1 Wall Street analysts offering 12 month price targets for Kandi Technologies in the last 3 months. The average price target is $5.00 with a high forecast of $5.00 and a low forecast of $5.00. The average price target represents a 103.25% change from the last price of $2.46.
Who makes the Kandi K27?
Kandi TechnologiesKandi K27OverviewManufacturerKandi TechnologiesAlso calledLingbao Box SiTECH AEVsProduction2018–present9 more rows
When did Kandi go public?
2006Kandi was founded in 2002 in Jinhua, China, and was taken public via a reverse merger in the U.S. in 2006. The company has sold relatively few cars—99% of its $136 million in revenue in 2019 was from sales of EV components, off-road vehicles, and scooters, according to its Securities and Exchange Commission filings.
Should I buy or sell Kandi Technologies Group stock right now?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kandi Technologies Group in the last twelve months. There are currently 1...
What is Kandi Technologies Group's stock price forecast for 2022?
1 brokerages have issued 12 month price objectives for Kandi Technologies Group's shares. Their forecasts range from $5.00 to $5.00. On average, th...
How has Kandi Technologies Group's stock price performed in 2022?
Kandi Technologies Group's stock was trading at $3.21 at the start of the year. Since then, KNDI shares have decreased by 14.6% and is now trading...
When is Kandi Technologies Group's next earnings date?
Kandi Technologies Group is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022. View our earnings forecast f...
How were Kandi Technologies Group's earnings last quarter?
Kandi Technologies Group, Inc. (NASDAQ:KNDI) released its quarterly earnings results on Monday, May, 9th. The company reported ($0.02) earnings per...
Who are Kandi Technologies Group's key executives?
Kandi Technologies Group's management team includes the following people: Mr. Xiaoming Hu , Chairman, Pres & CEO (Age 65, Pay $55.81k) Mr. Jehn...
Who are some of Kandi Technologies Group's key competitors?
Some companies that are related to Kandi Technologies Group include Faraday Future Intelligent Electric (FFIE) , The Shyft Group (SHYF) , REV Gr...
What other stocks do shareholders of Kandi Technologies Group own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Kandi Technologies Group investors own include Edap Tms (E...
What is Kandi Technologies Group's stock symbol?
Kandi Technologies Group trades on the NASDAQ under the ticker symbol "KNDI."
What happened
Shares of Kandi Technologies ( KNDI -1.83% ) jumped 10.5% as of noon ET Tuesday after the Chinese electric car parts-maker announced that it has reached the stage of "successful mass production" of its new rechargeable battery for electric cars and trucks.
So what
As Kandi explained in its press release, the new battery, dubbed the "IFR18650-2200mAh," is a lithium iron phosphate or "LFP" battery built in the familiar 18650 form factor. That is to say, it looks like an oversized double-A battery.
Now what
In its statement, Kandi said it is "delighted by [its subsidiary] Huiyi's technical breakthrough and production achievement" and is "confident that Kandi can strengthen its market position ... as technology-leading LFP batteries move into the market."
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Three thousand cars sold in a single contract? That sounds like a lot
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Chinese electric-car maker Kandi Technologies ( NASDAQ:KNDI) jumped nearly 18% in early trading on NASDAQ Thursday before retracing to something more like a 4% gain as of 10:30 a.m. EST.
So what
The news certainly sounds positive. According to Kandi, it's developing a program with the cumbersome title "300,000 government-accredited pure EVs within 5 years." A 3,000-car sale into that program seems to represent a 1% down payment on the program -- and a promise of great growth to come.
Now what
In fact, if you read between the lines a bit, today's announced "sale" actually seems to reinforce arguments raised by Kandi short-seller Hindenburg Research last month.
How much did Kandi Technologies gain in 2021?
The Kandi Technologies Group stock price gained 1.59% on the last trading day (Friday, 9th Jul 2021), rising from $5.66 to $5.75. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.96% from a day low at $5.55 to a day high of $5.77. The price has been going up and down for this period, and there has been a -4.17% loss for the last 2 weeks. Volume fell on the last day by -83 thousand shares and in total, 884 thousand shares were bought and sold for approximately $5.08 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
When is the sell signal for 2021?
A sell signal was issued from a pivot top point on Friday, June 11, 2021, and so far it has fallen -11.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).
Is Kandi Technologies a sell candidate?
Kandi Technologies Group holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
How Fast Is Kandi Technologies Group Growing?
If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. It's no surprise, then, that I like to invest in companies with EPS growth. Kandi Technologies Group managed to grow EPS by 4.5% per year, over three years.
Are Kandi Technologies Group Insiders Aligned With All Shareholders?
It makes me feel more secure owning shares in a company if insiders also own shares, thusly more closely aligning our interests. As a result, I'm encouraged by the fact that insiders own Kandi Technologies Group shares worth a considerable sum. With a whopping US$66m worth of shares as a group, insiders have plenty riding on the company's success.
Is Kandi Technologies Group Worth Keeping An Eye On?
One important encouraging feature of Kandi Technologies Group is that it is growing profits. The fact that EPS is growing is a genuine positive for Kandi Technologies Group, but the pretty picture gets better than that. Boasting both modest CEO pay and considerable insider ownership, I'd argue this one is worthy of the watchlist, at least.
