In yesterday’s Wall Street session, KULR Technology Group Inc (AMEX:KULR) shares traded at $0.21, up 31.72% from the previous session.
KULR stock price is now 32.16% away from the 50-day moving average and -51.72% away from the 200-day moving average. The market capitalization of the company currently stands at $27.99M.
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, Mo Michael, CEO & Chairman of the Board bought 428,571 shares of the company’s stock on Sep 15 ’23. The stock was bought for $150,000 at an average price of $0.35. Upon completion of the transaction, the CEO & Chairman of the Board now directly owns 21,155,110 shares in the company, valued at $4.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 29 ’23, Executive Technical Fellow Knowles Timothy Ray sold 61,756 shares of the business’s stock. A total of $38,289 was realized by selling the stock at an average price of $0.62. This leaves the insider owning 670,360 shares of the company worth $0.14 million. A total of 28.97% of the company’s stock is owned by insiders.
During the past 12 months, KULR Technology Group Inc has had a low of $0.10 and a high of $1.10. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 0.44, and a quick ratio of 0.30. The fifty day moving average price for KULR is $0.1590 and a two-hundred day moving average price translates $0.4329 for the stock.
The latest earnings results from KULR Technology Group Inc (AMEX: KULR) was released for Sep, 2023. According to the Electronic Components Company, earnings per share came in at -$0.05, inline with analysts’ expectations of -$0.05. This compares to -$0.05 EPS in the same period last year. The net profit margin was -246.61% and return on equity was -502.79% for KULR. The company reported revenue of $3.04 million for the quarter, compared to $1.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 118.31 percent. For the current quarter, analysts expect KULR to generate $3.81M in revenue.
