Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. KULR Technology Group Inc. shares valued at $25,757 were sold by Knowles Timothy Ray on Sep 02. At $1.40 per share, Knowles Timothy Ray sold 18,398 shares. The insider’s holdings dropped to 770,360 shares worth approximately $0.96 million following the completion of this transaction.
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Also, Knowles Timothy Ray sold 39,384 shares, netting a total of over 55,531 in proceeds. Following the sale of shares at $1.41 each, the insider now holds 788,758 shares.
Before that, Knowles Timothy Ray had sold 42,218 shares from its account. In a trade valued at $60,794, the Chief Technical Officer traded KULR Technology Group Inc. shares for $1.44 each. Upon closing the transaction, the insider’s holdings decreased to 42,218 shares, worth approximately $1.04 million.
As published in their initiating research note from Alliance Global Partners on October 18, 2021, KULR Technology Group Inc. [KULR] has been a Buy and the price target has been revised to $3.50. This represents a 64.29% premium over Wednesday’s closing price.
Analyzing KULR Stock Performance
On Wednesday, KULR Technology Group Inc. [AMEX: KULR] rose 7.76% to $1.25. The stock’s lowest price that day was $1.15, but it reached a high of $1.28 in the same session. During the last five days, there has been a surge of approximately 5.04%. Over the course of the year, KULR Technology Group Inc. shares have jumped approximately 4.17%. Shares of the company reached a 52-week high of $1.6800 on 02/06/23 and a 52-week low of $1.1500 on 02/22/23. A 50-day SMA is recorded $1.2562, while a 200-day SMA reached $1.4636. Nevertheless, trading volume fell to 1.49 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for KULR Technology Group Inc. (KULR)
According to the 24-hour chart, there is a support level at 1.1733, which, if violated, would cause prices to drop to 1.0967. In the upper region, resistance lies at 1.3033. The next price resistance is at 1.3567. RSI (Relative Strength Index) is 49.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0326, which suggests the price will decrease in the coming days. Percent R is at 81.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is KULR Technology Group Inc. subject to short interest?
Stocks of KULR Technology Group Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 50000.0 shares to 2.65 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 2.6 million shares. A jump of 1.89% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 8.06 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.06.
Which companies own the most shares of KULR Technology Group Inc. (KULR)?
According to The Vanguard Group, Inc. filings, the company currently owns 2,793,350 shares, which is about 2.48% of the total KULR shares outstanding. The investor’s shares have appreciated by 26,284 from its previous 13-F filing of 2767066.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $1,110,537. Geode Capital Management LLC acquire a 10.44% interest valued at $0.78 million while Susquehanna Financial Group LLLP purchased a 275,193 stake. A total of 0 shares of KULR Technology Group Inc. were bought by Bridgeway Capital Management LLC during the quarter, and 52,800 were bought by SSgA Funds Management, Inc. In its current portfolio, Citigroup Global Markets, Inc. holds 158,050 shares valued at $0.2 million.
In terms of KULR Technology Group Inc. share price expectations, FactSet research, analysts set an average price target of $4.83 in the next 12 months, up nearly 244.83% from the previous closing price of $1.16. Analysts anticipate KULR Technology Group Inc. stock to reach $7.00 by 2023, with the lowest price target being $3.50. In spite of this, 3 analysts ranked KULR Technology Group Inc. stock as a Buy at the end of 2023.