Stocks of KULR Technology Group Inc (AMEX:KULR) traded higher last session on Wall Street, up 21.55% to $0.71.
KULR stock price is now 224.03% away from the 50-day moving average and 69.33% away from the 200-day moving average. The market capitalization of the company currently stands at $94.80M.
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, 10% Owner sold 361,338 shares of the company’s stock on Mar 25 ’24. The stock was sold for $104,788 at an average price of $0.29. Upon completion of the transaction, the 10% Owner now directly owns 14,268,027 shares in the company, valued at $10.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22 ’24, 10% Owner Knowles Timothy Ray sold 460,037 shares of the business’s stock. A total of $101,208 was realized by selling the stock at an average price of $0.22. This leaves the insider owning 14,629,365 shares of the company worth $10.39 million. A total of 27.47% 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 $0.2300 and a two-hundred day moving average price translates $0.4205 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.
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 provides 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.
