The Vanguard Group, Inc. has recently announced that it has increased stake in KULR Technology Group Inc (AMEX:KULR) by 3.16%. After grabbing 3.18 million shares, the institutional investor is now in possession of 97487.0 shares of the Technology Company. The new investment brought the stake of investor firm to 2.49% having worth around $0.93 million. Moreover, Geode Capital Management LLC increased its share by 52174.0 to have a control over 0.64 million shares. And Incrementum AG raised its holdings to 33.0 shares by acquiring 88658.0 shares or 0.07% of the stake.
KULR Technology Group Inc (KULR) concluded trading on December 20, 2023 at a closing price of $0.21, with 5.41 million shares of worth about $1.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -68.69% during that period and On Wednesday the price saw a loss of about -29.10%. Currently the company’s common shares owned by public are about 113.07M shares, out of which, 88.96M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 8 times over the past 12 months. They bought 2,428,571 shares in 5 of the transactions. In 3 selling transactions, insiders dumped 275,000 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu 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 $0.62 million. The company recently came buying 0.0 shares which brought its stake up to 1.66% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 0.39 million shares, have now control over 0.31% of the stake in the company. It holds 0.0 shares of worth $0.11 million.
However, the stock later moved at a day high price of 0.2334, or with a loss of -29.10%. Stock saw a price change of -21.42% in past 5 days and over the past one month there was a price change of -34.05%. Year-to-date (YTD), KULR shares are showing a performance of -82.52% which decreased to -82.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.26 but also hit the highest price of $1.68 during that period. The average intraday trading volume for KULR Technology Group Inc shares is 504.25K. The stock is currently trading -30.26% below its 20-day simple moving average (SMA20), while that difference is down -35.88% for SMA50 and it goes to -66.60% lower than SMA200.
The Vanguard Group, Inc. acquired 3.18 million shares of KULR Technology Group Inc having value of about $0.93 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 97487.0 shares in the company valued at close to $20472.27, or have control over 3.16% stake in the company. KULR Technology Group Inc (AMEX: KULR) currently have 113.07M outstanding shares and institutions hold larger chunk of about 4.71% of that. Holding of mutual funds in the company is about 3.34% while other institutional holders and individual stake holders have control over 30.28% and 1.37% of the stake respectively.
The stock has a current market capitalization of $26.83M and its 3Y-monthly beta is at 0.86. It has posted earnings per share of -$0.20 in the same period. It has Quick Ratio of 0.30 while making debt-to-equity ratio of 0.14. 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 12.63% while standing at 10.61% over the month.
Analysts are in expectations that KULR Technology Group Inc (KULR) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is -$0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is -$0.04 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 -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -6.94% while it is estimated to increase by 32.47% in next year.
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.
