18-Apr-2024
Kandi Technologies breaks out to a three-month high
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Kandi Technologies Reports 2023 Financial Results
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Globe Newswire (Mon, 11-Mar 8:00 AM ET)
Kandi Technologies Group Inc is engaged in the development, production, and distribution of electric vehicle (EV) products, EV parts, and off-road vehicle products in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, and other systems. It generates maximum revenue through off-road vehicles. The company generates the majority of its revenue from the United states along with other Countries, followed by China.
Kandi Technologies Group - trades on the NASDAQ stock market under the symbol KNDI.
As of April 18, 2024, KNDI stock price climbed to $2.63 with 325,059 million shares trading.
KNDI has a beta of 0.55, meaning it tends to be less sensitive to market movements. KNDI has a correlation of 0.03 to the broad based SPY ETF.
KNDI has a market cap of $229.75 million. This is considered a Small Cap stock.
In the last 3 years, KNDI stock traded as high as $6.68 and as low as $2.00.
The top ETF exchange traded funds that KNDI belongs to (by Net Assets): BSVO, PGJ, CCSO.
KNDI has underperformed the market in the last year with a return of -3.7%, while the SPY ETF gained +22.3%. In the last 3 month period, KNDI fell short of the market, returning -1.1%, while SPY returned +6.1%. However, in the most recent 2 weeks KNDI has outperformed the stock market by returning +24.1%, while SPY returned -3.8%.
KNDI support price is $2.33 and resistance is $2.47 (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 KNDI stock will trade within this expected range on the day.