KNDI Stock Summary and Trading Ideas (Kandi Technologies Group - | NASDAQ:KNDI)

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 May 16, 2024, KNDI stock price declined to $2.24 with 106,540 million shares trading.

KNDI has a beta of -0.15, meaning it tends to be less sensitive to market movements. KNDI has a correlation of 0.00 to the broad based SPY ETF.

KNDI has a market cap of $195.68 million. This is considered a Micro 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, EWX, GXC, GMF.

KNDI has underperformed the market in the last year with a price return of -36.4% while the SPY ETF gained +29.6%. KNDI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.2% and -11.1%, respectively, while the SPY returned +5.6% and +5.7%, respectively.

KNDI support price is $2.24 and resistance is $2.45 (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.