Kaixin Auto Holdings (NASDAQ: KXIN) is -9.12% lower on its value in year-to-date trading and has touched a low of $0.40 and a high of $13.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KXIN stock was last observed hovering at around $3.18 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $3.39, the stock is 3.45% and -8.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing 6.60% at the moment leaves the stock 28.94% off its SMA200. KXIN registered 285.18% gain for a year compared to 6-month gain of 510.26%. The firm has a 50-day simple moving average (SMA 50) of $3.5894 and a 200-day simple moving average (SMA200) of $3.4409.
The stock witnessed a 0.59% loss in the last 1 month and extending the period to 3 months gives it a -13.30%, and is -3.42% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.29% over the week and 11.76% over the month.
Kaixin Auto Holdings (KXIN) has around 279 employees, a market worth around $219.40M and $163.40M in sales. Distance from 52-week low is 747.29% and -74.70% from its 52-week high.
Kaixin Auto Holdings (KXIN) Top Institutional Holders
8 institutions hold shares in Kaixin Auto Holdings (KXIN), with 53.45M shares held by insiders accounting for 89.60% while institutional investors hold 7.03% of the company’s shares. The shares outstanding are 59.65M, and float is at 10.95M with Short Float at 7.35%. Institutions hold 0.73% of the Float.
The top institutional shareholder in the company is Susquehanna Fundamental Investments, LLC with over 0.25 million shares valued at $0.95 million. The investor’s holdings represent 0.41% of the KXIN Shares outstanding. As of Dec 30, 2020, the second largest holder is Jane Street Group, LLC with 0.21 million shares valued at $0.77 million to account for 0.34% of the shares outstanding. The other top investors are Mint Tower Capital Management B.V. which holds 100000.0 shares representing 0.16% and valued at over $0.37 million, while Schonfeld Strategic Advisors LLC holds 0.15% of the shares totaling 89500.0 with a market value of $0.33 million.
Kaixin Auto Holdings (KXIN) Insider Activity
A total of 1 insider transactions have happened at Kaixin Auto Holdings (KXIN) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by Shareholder Value Fund ,the company’s10% Owner. SEC filings show that Shareholder Value Fund sold 160,000 shares of the company’s common stock on Nov 13 at a price of $3.15 per share for a total of $0.5 million. Following the sale, the insider now owns 9.25 million shares.