KIQ Stock Summary and Trading Ideas (Kelso Technologies | AMEX:KIQ)

Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars.

Kelso Technologies trades on the AMEX stock market under the symbol KIQ.

As of April 18, 2024, KIQ stock price was flat at $0.14 with million shares trading.

KIQ has a beta of 0.56, meaning it tends to be less sensitive to market movements. KIQ has a correlation of 0.01 to the broad based SPY ETF.

KIQ has a market cap of $7.60 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, KIQ stock traded as high as $1.02 and as low as $.10.

KIQ has underperformed the market in the last year with a return of -44.0%, while the SPY ETF gained +22.3%. In the last 3 month period, KIQ fell short of the market, returning -17.6%, while SPY returned +6.1%. However, in the most recent 2 weeks KIQ has outperformed the stock market by returning 0.0%, while SPY returned -3.8%.

KIQ support price is $.14 and resistance is $.15 (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 KIQ stock will trade within this expected range on the day.