NASDAQ:KNDI

Kandi Technologies Group - KNDI Stock Forecast, Price & News

$2.33

+0.04 (+1.75%)

(As of 10/6/2022 12:00 AM ET)

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Today's Range: $2.27
▼
$2.39
50-Day Range: $2.01
▼
$2.56
52-Week Range: $2.00
▼
$5.20

Volume: 268,894 shs
Average Volume: 204,151 shs
Market Capitalization: $176.54 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.00

Kandi Technologies Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 114.6% Upside
$5.00 Price Target
Short Interest: Bearish
4.19% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.11) to ($0.01) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Consumer Discretionary Sector

163rd out of 275 stocks

Motor Vehicles & Car Bodies Industry

12th out of 34 stocks

3.5

Analyst's Opinion

Consensus Rating
Kandi Technologies Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.00, Kandi Technologies Group has a forecasted upside of 114.6% from its current price of $2.33.
Amount of Analyst Coverage
Kandi Technologies Group has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.19% of the float of Kandi Technologies Group has been sold short.
Short Interest Ratio / Days to Cover
Kandi Technologies Group has a short interest ratio ("days to cover") of 12.6, which indicates bearish sentiment.
Change versus previous month
Short interest in Kandi Technologies Group has recently decreased by 3.03%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Kandi Technologies Group does not currently pay a dividend.
Dividend Growth
Kandi Technologies Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KNDI.

3.9

News and Social Media Coverage

News Sentiment
Kandi Technologies Group has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Kandi Technologies Group this week, compared to 0 articles on an average week.
Search Interest
3 people have searched for KNDI on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Kandi Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kandi Technologies Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
18.82% of the stock of Kandi Technologies Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 8.05% of the stock of Kandi Technologies Group is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Kandi Technologies Group are expected to grow in the coming year, from ($0.11) to ($0.01) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Kandi Technologies Group is -12.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kandi Technologies Group is -12.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Kandi Technologies Group has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Kandi Technologies Group (NASDAQ:KNDI) Stock

Kandi Technologies Group, Inc. designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts, and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 and is headquartered in Jinhua, the People's Republic of China.

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KNDI Stock News Headlines

October 6, 2022 | americanbankingnews.com

Critical Survey: Kandi Technologies Group (NASDAQ:KNDI) & Faraday Future Intelligent Electric (NASDAQ:FFIE)

September 25, 2022 | finance.yahoo.com

The past five years for Kandi Technologies Group (NASDAQ:KNDI) investors has not been profitable

September 20, 2022 | seekingalpha.com

KNDI Kandi Technologies Group, Inc.

August 8, 2022 | apnews.com

Kandi Tech: Q2 Earnings Snapshot

August 8, 2022 | finance.yahoo.com

Kandi Technologies Reports Second Quarter 2022 Financial Results

August 3, 2022 | finance.yahoo.com

Kandi Technologies to Report Second Quarter 2022 Financial Results and Hold a Conference Call on August 8, 2022

July 26, 2022 | finance.yahoo.com

3 Electric Vehicle Stocks to Sell Now

May 9, 2022 | finance.yahoo.com

Kandi Technologies Clocks 56% Revenue Growth In Q1

May 9, 2022 | seekingalpha.com

Kandi Technologies Group, Inc. (KNDI) CEO Hu Xiaoming on Q1 2022 Results - Earnings Call Transcript

May 9, 2022 | stocknews.com

3 Chinese Electric Vehicle Stocks Wall Street Predicts Will Rally More Than 100%

May 9, 2022 | finance.yahoo.com

Kandi Technologies Reports First Quarter 2022 Financial Results

May 4, 2022 | finance.yahoo.com

Kandi Technologies to Report First Quarter 2022 Financial Results and Hold a Conference Call on May 9, 2022

April 18, 2022 | finance.yahoo.com

Kandi Technologies Group (NASDAQ:KNDI) shareholders have endured a 51% loss from investing in the stock a year ago

April 11, 2022 | marketwatch.com

Kandi Technolgies Group Inc C KNDI Trading Signals

March 15, 2022 | finance.yahoo.com

Kandi Technologies Registers 18% Revenue Growth In FY21

March 15, 2022 | benzinga.com

Kandi Technologies Group FY21 Revenue $91.5M, Up From $76.9M YoY

March 15, 2022 | finance.yahoo.com

Kandi Technologies Reports 2021 Financial Results

March 8, 2022 | finance.yahoo.com

Kandi Technologies to Report Full Year 2021 Financial Results and Hold a Conference Call on March 15, 2022

February 15, 2022 | finanznachrichten.de

FinancialBuzz.com: Demand Continues to Grow as Numerous Novel Technologies Utilize Lithium

January 31, 2022 | marketwatch.com

When Kandi Technolgies Group Inc C (KNDI) Moves Investors should Listen

January 18, 2022 | nasdaq.com

Kandi Technologies Group (NASDAQ:KNDI) investors are sitting on a loss of 58% if they invested a year ago

January 10, 2022 | finance.yahoo.com

Kandi Enters Framework Agreement to Produce Battery Swap-Enabled Electric Vehicles

January 6, 2022 | finance.yahoo.com

Why Nio, Nikola, and Kandi Technologies Stocks Dropped Today

December 28, 2021 | finance.yahoo.com

Kandi Technologies Up As Subsidiary Mass Produces Lithium Iron Battery

December 28, 2021 | finance.yahoo.com

Kandi Subsidiary Announces Successful Mass Production of Leading LFP Battery

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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KNDI Company Calendar

Last Earnings: 8/08/2022
Today: 10/07/2022
Next Earnings (Estimated): 11/08/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:KNDI
CUSIP: N/A
CIK: 1316517
Web: www.kandivehicle.com
Phone: 8657982239700
Fax: 86-579-8223-9855
Employees: 837
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.00
High Stock Price Forecast: $5.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +114.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.19)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $22.86 million
Net Margins: -16.65%
Pretax Margin: -19.35%
Return on Equity: -3.48%
Return on Assets: -3.01%

Debt

Debt-to-Equity Ratio: 0.01
Current Ratio: 4.95
Quick Ratio: 4.33

Sales & Book Value

Annual Sales: $91.49 million
Price / Sales: 1.93
Cash Flow: $0.43 per share
Price / Cash Flow: 5.39
Book Value: $5.73 per share
Price / Book: 0.41

Miscellaneous

Outstanding Shares: 75,770,000
Free Float: 61,511,000
Market Cap: $176.54 million
Optionable: Optionable
Beta: 1.65

Key Executives

Mr. Xiaoming Hu (Age 65)
Chairman, Pres & CEO
Comp: $55.81k

Mr. Jehn Ming Lim (Age 41)
Chief Financial Officer
Comp: $120k

Kewa Luo
Mang. of Investor Relations

Ms. Cathy Cao
Exec. VP of Fin.

Mr. Cheng Wang (Age 49)
Chief Strategy Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

KNDI Stock - Frequently Asked Questions

Should I buy or sell Kandi Technologies Group stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kandi Technologies Group in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" KNDI shares.
View KNDI analyst ratings or view top-rated stocks.
What is Kandi Technologies Group's stock price forecast for 2022?: 1 equities research analysts have issued twelve-month target prices for Kandi Technologies Group's shares. Their KNDI share price forecasts range from $5.00 to $5.00. On average, they anticipate the company's share price to reach $5.00 in the next twelve months. This suggests a possible upside of 114.6% from the stock's current price.
View analysts price targets for KNDI or view top-rated stocks among Wall Street analysts.
How have KNDI shares performed in 2022?: Kandi Technologies Group's stock was trading at $3.21 on January 1st, 2022. Since then, KNDI shares have decreased by 27.4% and is now trading at $2.33.
View the best growth stocks for 2022 here.
When is Kandi Technologies Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our KNDI earnings forecast.
How were Kandi Technologies Group's earnings last quarter?: Kandi Technologies Group, Inc. (NASDAQ:KNDI) announced its quarterly earnings results on Monday, August, 8th. The company reported ($0.02) EPS for the quarter. The business earned $20.84 million during the quarter. Kandi Technologies Group had a negative net margin of 16.65% and a negative trailing twelve-month return on equity of 3.48%.

What other stocks do shareholders of Kandi Technologies Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Kandi Technologies Group investors own include Edap Tms (EDAP), Tesla (TSLA), Energous (WATT), NIO (NIO), Plug Power (PLUG), Advanced Micro Devices (AMD), NVIDIA (NVDA), QUALCOMM (QCOM), Alibaba Group (BABA) and Micron Technology (MU).
What is Kandi Technologies Group's stock symbol?: Kandi Technologies Group trades on the NASDAQ under the ticker symbol "KNDI."
How do I buy shares of Kandi Technologies Group?: Shares of KNDI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Kandi Technologies Group's stock price today?: One share of KNDI stock can currently be purchased for approximately $2.33.
How much money does Kandi Technologies Group make?: Kandi Technologies Group (NASDAQ:KNDI) has a market capitalization of $176.55 million and generates $91.49 million in revenue each year. The company earns $22.86 million in net income (profit) each year or ($0.19) on an earnings per share basis.
How many employees does Kandi Technologies Group have?: The company employs 837 workers across the globe.
How can I contact Kandi Technologies Group?: Kandi Technologies Group's mailing address is JINHUA CITY INDUSTRIAL ZONE ZHEJIANG PROVINCE, JINHUA F4, 321016. The official website for the company is www.kandivehicle.com. The company can be reached via phone at 8657982239700, via email at ir@kandigroup.com, or via fax at 86-579-8223-9855.

This page (NASDAQ:KNDI) was last updated on 10/7/2022 by MarketBeat.com Staff

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Kandi Technologies Group - KNDI Stock Forecast, Price & News

Kandi Technologies Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows