KARS Stock Summary and Trading Ideas (Kraneshares Electric Vehicles And Future Mobility Index ETF | ARCA:KARS)

KARS seeks to measure the performance of the Bloomberg Electric Vehicles Index. The Index is designed to track the performance of companies engaged in the production of electric vehicles and/or their components, or engaged in other initiatives that may change the future of mobility. The Index includes issuers engaged in the electric vehicle production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing and/or electric infrastructure businesses.

Kraneshares Electric Vehicles And Future Mobility Index ETF trades on the ARCA stock market under the symbol KARS.

As of November 22, 2024, KARS stock price declined to $22.06 with 13,936 million shares trading.

KARS has a market cap of $73.90 million. This is considered a Micro Cap stock.

In the last 3 years, KARS traded as high as $55.42 and as low as $17.54.

KARS has underperformed the market in the last year with a price return of -10.4% while the SPY ETF gained +32.4%. However, in the short term, KARS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.0% vs +7.4% return in SPY. But in the last 2 weeks, KARS shares have been beat by the market, returning -1.4% compared to an SPY return of -0.4%.

KARS support price is $21.66 and resistance is $22.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KARS shares will trade within this expected range on the day.