Stocks of KULR Technology Group Inc (AMEX:KULR) traded higher last session on Wall Street, up 3.92% to $0.47.
KULR stock price is now 10.90% away from the 50-day moving average and 21.72% away from the 200-day moving average. The market capitalization of the company currently stands at $80.66M.
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With the price target of $3.50, Alliance Global Partners recently initiated with Buy rating for KULR Technology Group Inc (AMEX: KULR).
In other news, Knowles Timothy Ray, 10% Owner sold 361,338 shares of the company’s stock on Mar 25 ’24. The stock was sold for $104,788 at an average price of $0.29. Upon completion of the transaction, the 10% Owner now directly owns 14,268,027 shares in the company, valued at $6.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22 ’24, 10% Owner Knowles Timothy Ray sold 460,037 shares of the business’s stock. A total of $101,208 was realized by selling the stock at an average price of $0.22. This leaves the insider owning 14,629,365 shares of the company worth $6.88 million. A total of 22.20% of the company’s stock is owned by insiders.
During the past 12 months, KULR Technology Group Inc has had a low of $0.10 and a high of $1.10.
According to the Electronic Components Company, earnings per share came in at -0.06, missing analysts’ expectations of -0.04 by -0.02. This compares to -$0.04 EPS in the same period last year. The net profit margin was -241.03% and return on equity was -570.17% for KULR. The company reported revenue of $2.33 million for the quarter, compared to $1.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.74 percent. For the current quarter, analysts expect KULR to generate $4.54M in revenue.
