Technical Outlook And Game Plan For KULR Technology Group Inc. (AMEX: KULR)

The Vanguard Group, Inc. has recently announced that it has increased stake in KULR Technology Group Inc. (AMEX:KULR) by 0.41%. After grabbing 3.08 million shares, the institutional investor is now in possession of 12493.0 shares of the Technology Company. The new investment brought the stake of investor firm to 2.61% having worth around $2.87 million. Moreover, T. Rowe Price International Ltd. increased its share by 30800.0 to have a control over 87800.0 shares. And Chapin Davis, Inc. raised its holdings to 5000.0 shares by acquiring 51500.0 shares or 0.04% of the stake.

KULR Technology Group Inc. (KULR) concluded trading on 09/13/23 at a closing price of $0.40, with 4.9 million shares of worth about $1.96 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -61.90% during that period and on Wednesday the price saw a loss of about -31.24%. Currently the company’s common shares owned by public are about 115.38M shares, out of which, 79.27M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the KULR stock and their offered price forecasts bring an average price target of $4.33. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.00 and could fall to a lowest price of $1.65. The stock’s current price level is 89.25% above of average price target set by the analysts, while a rise to estimated low would result in gain of 75.76% for the stock. However, touching the estimated high of $7.00 would mean a gain of 94.29% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 15 times over the past 12 months. They bought 5,186,601 shares in 11 of the transactions. In 4 selling transactions, insiders dumped 1,775,000 shares.

Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Bridgeway Ultra Small Company Mar are the top 3 mutual funds which are holding stakes in KULR Technology Group Inc. Vanguard Total Stock Market ETF is currently holding 2.13 million shares of worth totaling $1.98 million. The company recently came buying 0.0 shares which brought its stake up to 1.80% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 20600.0 shares, after which its hold over company’s outstanding shares expand to 0.72%, leaving 0.85 million shares with the mutual fund that have a worth of about $0.79 million. Bridgeway Ultra Small Company Mar, after buying 0.35 million shares, have now control over 0.30% of the stake in the company. It holds 0.0 shares of worth $0.32 million.

KULR Technology Group Inc. (AMEX: KULR) started trading at $0.37, below -$0.21 from concluding price of the previous day. However, the stock later moved at a day high price of 0.4450, or with a loss of -31.24%. Stock saw a price change of -40.62% in past 5 days and over the past one month there was a price change of -53.48%. Year-to-date (YTD), KULR shares are showing a performance of -66.66% which decreased to -72.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.55 but also hit the highest price of $2.22 during that period. The average intraday trading volume for KULR Technology Group Inc. shares is 516.95K. The stock is currently trading -41.21% below its 20-day simple moving average (SMA20), while that difference is down -49.06% for SMA50 and it goes to -58.52% lower than SMA200.

The Vanguard Group, Inc. acquired 3.08 million shares of KULR Technology Group Inc. having value of about $2.87 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 12493.0 shares in the company valued at close to $4997.2, or have control over 0.41% stake in the company. KULR Technology Group Inc. (AMEX: KULR) currently have 115.38M outstanding shares and institutions hold larger chunk of about 4.80% of that. Holding of mutual funds in the company is about 3.50% while other institutional holders and individual stake holders have control over 32.24% and 1.54% of the stake respectively.

The stock has a current market capitalization of $47.82M and its 3Y-monthly beta is at 0.47. It has posted earnings per share of -$0.21 in the same period. It has Quick Ratio of 0.50 while making debt-to-equity ratio of 2.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KULR, volatility over the week remained 12.92% while standing at 11.46% over the month.

Analysts are in expectations that KULR Technology Group Inc. (KULR) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter EPS is -$0.04 and it is -$0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is -$0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -23.70% while it is estimated to increase by 30.00% in next year.

Analysts at 2 brokerage firms have issued recommendations for the KULR Technology Group Inc. (KULR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alliance Global Partners on October 18, 2021 offering a Buy rating for the stock and assigned a target price of $3.50 to it.