The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. KULR Technology Group Inc shares valued at $104,788 were sold by Knowles Timothy Ray on Mar 25 ’24. At $0.29 per share, Knowles Timothy Ray sold 361,338 shares. The insider’s holdings dropped to 14,268,027 shares worth approximately $9.99 million following the completion of this transaction.
Also, Knowles Timothy Ray sold 460,037 shares, netting a total of over 101,208 in proceeds. Following the sale of shares at $0.22 each, the insider now holds 14,629,365 shares.
Before that, Knowles Timothy Ray had sold 510,598 shares from its account. In a trade valued at $117,438, the 10% Owner traded KULR Technology Group Inc shares for $0.23 each. Upon closing the transaction, the insider’s holdings decreased to 510,598 shares, worth approximately $10.56 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.
Analyzing KULR Stock Performance
During the last five days, there has been a surge of approximately 69.59%. Over the course of the year, KULR Technology Group Inc shares have jumped approximately 275.84%. Shares of the company reached a 52-week high of $0.8343 on 04/03/24 and a 52-week low of $0.1000 on 02/09/24. A 50-day SMA is recorded $0.2117, while a 200-day SMA reached $0.4207. Nevertheless, trading volume fell to 10.87 million shares from 106.17 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 0.6435, which, if violated, would cause prices to drop to 0.5918. In the upper region, resistance lies at 0.7585. The next price resistance is at 0.8218. RSI (Relative Strength Index) is 86.11 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.3334, which suggests the price will decrease in the coming days. Percent R is at 20.13%, indicating bullish price movement. Stochastics %K at selling 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 steep in short interest on Mar 15, 2024 dropping by 30000.0 shares to 3.4 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.43 million shares. A decline of -0.88% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.89 of the overall float, the days-to-cover ratio (short ratio) decline to 0.89.
