A worth reading Analysis of Kandi Technologies Group, Inc. (NASDAQ:KNDI)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Kandi Technologies Group, Inc. (NASDAQ:KNDI) for the period of 9-Day stands at 47.41% while the stochastic %D for the same period stands at 53.63%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Kandi Technologies Group, Inc. (NASDAQ:KNDI) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Kandi Technologies Group, Inc. (NASDAQ:KNDI) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s 20-Day Bollinger Band indicates “Hold”.

About Company

KANDI TECHNOLOGIES, CORP. is a PRC (China)-based vehicle machinery producer, concentrating on three areas of small vehicle production: go-karts, special purpose vehicles and casual purpose vehicles. At present, it is among the leading producers of go-karts in the world, with an estimated 15% share of China’s global export market and a goal of doubling this share, in large part by becoming the leading producer of this increasingly popular recreational product in China. Focusing on the country’s rapid economic development, the Company also sees an increasing need for transportation vehicles for specific purposes, in particular, mini-size pesticide spraying vehicles and mini-service vehicles. Additionally, the Company produces a wide and growing range of All Terrain Vehicles which it believes represent the highest quality vehicles of this type in China, aimed at the export market as well as the rapidly growing market in the PRC.

Previous Day Activity Analysis

On the last trading day, Kandi Technologies Group, Inc. (NASDAQ:KNDI) opened the session at $8.3 and after going down -0.6% closed at $8.25. The stock lost -0.05 points in the last trade.

Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s stock fluctuated in the range of $8.05 and $8.75 during the previous active session. Kandi Technologies Group, Inc. (NASDAQ:KNDI) traded with the volume of 786438 with average volume of 582.05 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 2.88 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.77 and 71.66 respectively.

Currently the Insider Ownership of the shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) is at 0.2% and the shares outstanding are 47.73 Million.

Important Ratio Analysis

Some important ratios to consider here for Kandi Technologies Group, Inc. (NASDAQ:KNDI) are discussed below:

Dividend yield of Kandi Technologies Group, Inc. (NASDAQ:KNDI) stands at 0% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 7.13 and 1.92 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 53.21 and 0 correspondingly.

The Quick Ratio of Kandi Technologies Group, Inc. (NASDAQ:KNDI) stands at 1.2 while the Current Ratio depicts the value of 1.3.

Return on Assets ROA of Kandi Technologies Group, Inc. (NASDAQ:KNDI) is at -10.6% whereas, Return on Equity ROE and Return of Investment ROI of Kandi Technologies Group, Inc. (NASDAQ:KNDI) stand at -20% and -10.2% respectively.

Stock Performance Analysis

The stock performance of Kandi Technologies Group, Inc. (NASDAQ:KNDI) on the basis of 5 day trade show the dip of -7.82% whereas, the monthly performance of the stock shows increase of 55.66%.

The quarterly performance of the stock remained in green zone with the value of 94.12% while six month performance of the shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) remained bullish with the count of 106.25%.

The yearly and YTD performance of Kandi Technologies Group, Inc. (NASDAQ:KNDI) remained up at 52.78% and 68.37% respectively.