Price Change to Note: After Achieving 1 Year Low, Is Kandi Technologies Group Inc’s Near-Term Analysis Negative?

Price Change to Note: After Achieving 1 Year Low, Is Kandi Technologies Group Inc's Near Term Analysis Negative?

The stock of Kandi Technologies Group Inc (NASDAQ:KNDI) hit a new 52-week low and has $3.35 target or 14.00% below today’s $3.90 share price. The 8 months bearish chart indicates high risk for the $174.28M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $3.35 price target is reached, the company will be worth $24.40 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.01 million shares traded hands or 255.86% up from the average. Kandi Technologies Group Inc (NASDAQ:KNDI) has declined 35.79% since April 7, 2016 and is downtrending. It has underperformed by 40.57% the S&P500.

Analysts await Kandi Technologies Group Inc (NASDAQ:KNDI) to report earnings on November, 14.

According to Zacks Investment Research, “KANDI TECHNOLOGIES, CORP. is a PRC (China)-based vehicle machinery producer, concentrating on three areas of small vehicle production: go-karts, special purpose vehicles and casual purpose vehicles. At present, it is among the leading producers of go-karts in the world, with an estimated 15% share of China’s global export market and a goal of doubling this share, in large part by becoming the leading producer of this increasingly popular recreational product in China. Focusing on the country’s rapid economic development, the Company also sees an increasing need for transportation vehicles for specific purposes, in particular, mini-size pesticide spraying vehicles and mini-service vehicles. Additionally, the Company produces a wide and growing range of All Terrain Vehicles which it believes represent the highest quality vehicles of this type in China, aimed at the export market as well as the rapidly growing market in the PRC.”

Insitutional Activity: The institutional sentiment decreased to 0.74 in Q2 2016. Its down 0.50, from 1.24 in 2016Q1. The ratio worsened, as 7 funds sold all Kandi Technologies Group Inc shares owned while 12 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 1.51 million shares or 6.01% less from 1.60 million shares in 2016Q1.
The New Jersey-based Kcg Holdg has invested 0% in Kandi Technologies Group Inc (NASDAQ:KNDI). Wfg Limited Partnership owns 34,200 shares or 0.07% of their US portfolio. Guggenheim Limited Liability Company reported 16,726 shares or 0% of all its holdings. Sphinx Trading Lp holds 2,500 shares or 0.04% of its portfolio. Tower Ltd Liability (Trc) holds 0% or 953 shares in its portfolio. Benjamin F Edwards Communications reported 400 shares or 0% of all its holdings. Da Davidson And has 0% invested in the company for 500 shares. Us State Bank De accumulated 53 shares or 0% of the stock. Susquehanna Grp Llp accumulated 0% or 637,593 shares. Wells Fargo Mn last reported 100 shares in the company. Pnc Fincl Services Group Inc has invested 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI). Citadel Llc has invested 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI). Mizuho Usa accumulated 105,400 shares or 0.12% of the stock. Creative Planning owns 10,002 shares or 0% of their US portfolio. Morgan Stanley owns 87,360 shares or 0% of their US portfolio.

Insider Transactions: Since September 9, 2016, the stock had 1 buying transaction, and 0 insider sales for $2,056 net activity. $2,056 worth of Kandi Technologies Group Inc (NASDAQ:KNDI) was bought by Wang Cheng(Henry) on Friday, September 9.

More notable recent Kandi Technologies Group Inc (NASDAQ:KNDI) news were published by: Nasdaq.com which released: “Earnings Reaction History: Kandi Technologies Group, Inc., 40.0% Follow …” on November 09, 2016, also Fool.com with their article: “Kandi Technologies Group, Inc. Earnings Plummet 99% on Tax Exemption Issues” published on May 17, 2016, Fool.com published: “Kandi Technologies Group, Inc. Warns 2016 Sales Could Fall Short” on August 18, 2016. More interesting news about Kandi Technologies Group Inc (NASDAQ:KNDI) were released by: Globenewswire.com and their article: “Kandi Technologies Reports Third Quarter 2016 Financial Results” published on November 09, 2016 as well as Fool.com‘s news article titled: “Kandi Technologies Group, Inc. Earnings Soar as China’s EV Market Ramps Up” with publication date: March 16, 2016.

KNDI Company Profile

Kandi Technologies Group, Inc. (Kandi), incorporated on March 31, 2004, is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets. The Company’s products include EV parts, EV products and off-road vehicles, including all-terrain vehicles (ATVs), utility vehicles (UTVs), go-karts and others. The Firm conducts its business through its subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (Kandi Vehicles), and the partial subsidiaries of Kandi Vehicles. The Firm focuses on fuel efficient, pure EV parts manufacturing. The Company’s subsidiary, Jinhua Kandi New Energy Vehicles Co., Ltd. (Kandi New Energy), holds battery packing production rights (license), and supplies the battery pack to the joint venture (JV) Company. It also holds the special-purpose vehicle production rights (license) on manufacturing Kandi brand electric utility vehicles.

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