KULR Technology Group Inc. (AMEX:KULR) shares traded -0.77% lower at $1.29 on Wall Street last session.
In accordance with the data, 3 analysts cover KULR Technology Group Inc. (AMEX:KULR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $3.50, we find $4.00. Given the previous closing price of $1.30, this indicates a potential upside of 207.69 percent. KULR stock price is now -12.61% away from the 50-day moving average and -16.07% away from the 200-day moving average. The market capitalization of the company currently stands at $139.81M.
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It has been rated a hold by 0 analysts and a buy by 3. Brokers who have rated the stock have averaged $4.83 as their price target over the next twelve months.
With the price target of $3.50, Alliance Global Partners recently initiated with Buy rating for KULR Technology Group Inc. (AMEX: KULR).
In other news, Knowles Timothy Ray, Chief Technical Officer sold 18,398 shares of the company’s stock on Sep 02. The stock was sold for $25,757 at an average price of $1.40. Upon completion of the transaction, the Chief Technical Officer now directly owns 770,360 shares in the company, valued at $0.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Chief Technical Officer Knowles Timothy Ray sold 39,384 shares of the business’s stock. A total of $55,531 was realized by selling the stock at an average price of $1.41. This leaves the insider owning 788,758 shares of the company worth $1.02 million. Insiders disposed of 1,884,904 shares of company stock worth roughly $2.43 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KULR stock. A new stake in KULR Technology Group Inc. shares was purchased by GLOBAL STRATEGIC INVESTMENT SOLUTIONS, LLC during the first quarter worth $26,000. VIRTU FINANCIAL LLC invested $15,000 in shares of KULR during the first quarter. In the first quarter, BETA WEALTH GROUP, INC. acquired a new stake in KULR Technology Group Inc. valued at approximately $15,000. ADVISOR GROUP HOLDINGS, INC. acquired a new stake in KULR for approximately $6,000. PSI ADVISORS, LLC purchased a new stake in KULR valued at around $2,000 in the second quarter. In total, there are 40 active investors with 4.80% ownership of the company’s stock.
KULR Technology Group Inc. (AMEX: KULR) opened at $1.3000 on Monday. During the past 12 months, KULR Technology Group Inc. has had a low of $1.02 and a high of $2.61. As of last week, the company has a debt-to-equity ratio of 1.89, a current ratio of 1.10, and a quick ratio of 1.00. The fifty day moving average price for KULR is $1.4762 and a two-hundred day moving average price translates $1.5369 for the stock.
The latest earnings results from KULR Technology Group Inc. (AMEX: KULR) was released for Jun, 2022. According to the Electronic Components Company, earnings per share came in at -$0.05, missing analysts’ expectations of -$0.04 by -0.01. This compares to -$0.03 EPS in the same period last year. The company reported revenue of $1.39 million for the quarter, compared to $0.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 131.78 percent. For the current quarter, analysts expect KULR to generate $920k in revenue.
KULR Technology Group Inc.(KULR) Company Profile
KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for batteries, electronics, and other components applications in the United States. It offers lithium-ion battery thermal runaway shields; fiber thermal interface materials; phase change material heatsinks; internal short circuit device; KULR battery cell screening and testing automation system and tech safe case; cellcheck; and CRUX cathodes. The company’s technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices. It sells its products for applications, such as lithium-ion battery energy storage, electric vehicles, 5G communication, cloud computer infrastructure, consumer, and industrial devices. The company was formerly known as KT High-Tech Marketing Inc. and changed its name to KULR Technology Group, Inc. in August 2018. KULR Technology Group, Inc. was founded in 2013 and is based in San Diego, California.
