KULR Technology Group Inc. (AMEX: KULR) stock fell -0.77% on Monday to $1.29 against a previous-day closing price of $1.30. With 0.87 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. During the session, the Electronic Components company that operates in wider Technology sector, reached to the highest price of $1.4136 whereas the lowest price it dropped to was $1.2900. The 52-week range on KULR shows that it touched its highest point at $2.61 and its lowest point at $1.02 during that stretch. It currently has a 1-year price target of $3.75. Beta for the stock currently stands at 0.44.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KULR was down-trending over the past week, with a drop of -3.73%, but this was up by 9.32% over a month. Three-month performance dropped to -3.73% while six-month performance fell -10.42%. The stock lost -42.92% in the past year, while it has gained 7.50% so far this year. A look at the trailing 12-month EPS for KULR yields -0.18 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.04. This implies an EPS growth rate of -328.00% for this year and 50.00% for next year.
Float and Shares Shorts:
At present, 105.57 million KULR shares are outstanding with a float of 74.11 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.92 million, which was 1.79% higher than short shares on Sep 14, 2022. In addition to Mr. Michael Mo as the firm’s Co-Founder, Chairman, CEO & Pres, Mr. Terry Keith Cochran serves as its Pres & COO.
Through their ownership of 5.16% of KULR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 35.03% of KULR, in contrast to 3.41% held by mutual funds. Shares owned by individuals account for 1.43%. As the largest shareholder in KULR with 2.45% of the stake, The Vanguard Group, Inc. holds 2,767,066 shares worth 2,767,066. A second-largest stockholder of KULR, BlackRock Fund Advisors, holds 864,187 shares, controlling over 0.77% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in KULR, holding 548,789 shares or 0.49% stake. With a 1.68% stake in KULR, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,895,666 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.68% of KULR stock, is the second-largest Mutual Fund holder. It holds 766,021 shares valued at 0.92 million. Fidelity Extended Market Index Fu holds 0.29% of the stake in KULR, owning 322,332 shares worth 0.39 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KULR since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KULR analysts setting a high price target of $7.00 and a low target of $3.50, the average target price over the next 12 months is $4.83. Based on these targets, KULR could surge 442.64% to reach the target high and rise by 171.32% to reach the target low. Reaching the average price target will result in a growth of 274.42% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. KULR will report FY 2022 earnings on 03/15/2024. Analysts have provided yearly estimates in a range of -$0.16 being high and -$0.19 being low. For KULR, this leads to a yearly average estimate of -$0.18. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. KULR Technology Group Inc. surprised analysts by -$0.01 when it reported -$0.05 EPS against a consensus estimate of -$0.04. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.02 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.04.
Summary of Insider Activity:
Insiders traded KULR stock several times over the past three months with 6 Buys and 1 Sells. In these transactions, 3,176,601 shares were bought while 1,500,000 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 3,686,601 while 1,884,904 shares were sold.