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KULR Technology Group Inc (KULR) Stock Could Soon Reward Patient Investors

KULR Technology Group Inc (AMEX: KULR) is 280.54% higher on its value in year-to-date trading and has touched a low of $0.10 and a high of $1.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KULR stock was last observed hovering at around $0.41 in the last trading session, with the day’s gains setting it 0.29%.

Currently trading at $0.70, the stock is 223.39% and 288.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 104.78 million and changing 71.71% at the moment leaves the stock 67.39% off its SMA200. KULR registered -23.48% loss for a year compared to 6-month loss of 96.15%. The firm has a 50-day simple moving average (SMA 50) of $9.97 and a 200-day simple moving average (SMA200) of -$4.74.

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The stock witnessed a 360.13% gain in the last 1 month and extending the period to 3 months gives it a 280.54%, and is 116.55% up 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 35.78% over the week and 24.09% over the month.

Profit margin for the company is -246.61%. Distance from 52-week low is 604.00% and -36.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-1912.96%).

KULR Technology Group Inc quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $3.81M over the same period.The EPS is expected to shrink by -6.94% this year, but quarterly earnings will post 183.10% year-over-year. Quarterly sales are estimated to grow 110.50% in year-over-year returns.

KULR Technology Group Inc (KULR) Top Institutional Holders

41 institutions hold shares in KULR Technology Group Inc (KULR), with institutional investors hold 6.19% of the company’s shares. The shares outstanding are 133.20M, and float is at 96.61M with Short Float at 3.52%. Institutions hold 4.44% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 3.11 million shares valued at $1.99 million. The investor’s holdings represent 3.29% of the KULR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 0.73 million shares valued at $0.47 million to account for 0.77% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 0.59 million shares representing 0.62% and valued at over $0.37 million, while Bridgeway Capital Management, Inc. holds 0.37% of the shares totaling 0.35 million with a market value of $0.22 million.

KULR Technology Group Inc (KULR) Insider Activity

The most recent transaction is an insider sale by Knowles Timothy Ray,the company’s10% Owner. SEC filings show that Knowles Timothy Ray sold 361,338 shares of the company’s common stock on Mar 25 ’24 at a price of $0.29 per share for a total of $0.1 million. Following the sale, the insider now owns 14.27 million shares.

KULR Technology Group Inc disclosed in a document filed with the SEC on Mar 22 ’24 that Knowles Timothy Ray (10% Owner) sold a total of 460,037 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $0.22 per share for $0.1 million. Following the transaction, the insider now directly holds 14.63 million shares of the KULR stock.

Still, SEC filings show that on Mar 21 ’24, Knowles Timothy Ray (10% Owner) disposed off 510,598 shares at an average price of $0.23 for $0.12 million. The insider now directly holds 15,089,402 shares of KULR Technology Group Inc (KULR).

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