Momentum Stock Watch: Kandi Technologies Group, Inc. (KNDI)

Company Profile:

Kandi Technologies Group, Inc., through its subsidiaries, designs, produces, manufactures, and distributes electric vehicles (EVs) products, EV parts, and off-road vehicles in the People’s Republic of China and internationally. Its EV parts comprise battery packs, body parts, EV drive motors, EV controllers, air conditioning units, and other auto parts. The company was formerly known as Kandi Technologies, Corp. and changed its name to Kandi Technologies Group, Inc. in December 2012. Kandi Technologies Group, Inc. was founded in 2002 and is headquartered in Jinhua, the Peoples Republic of China.

Recent News:

Kandi Technologies Group, Inc.’s has a value of $4.10 per share, noted a price change of 2.50% in recent trade close. The price to sales ratio is 1.14. The lower price P/S ratio indicates attractive the investment. Annual earnings per share (EPS) growth noted at 56.10% in past 5 Years . The company is estimating to achieve earnings per share (EPS) growth of 8.80% in this year

Kandi Technologies Group, Inc. insider Xiaoming Hu purchased 57,060 shares of the firm’s stock in a transaction dated Tuesday, December 27th, 2016. The stock was acquired at an average cost of $5.15 per share, for a total transaction of $293,859.00.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

KNDI’s strengths can be seen in its better profitability and robust solvency compared with its peers. Its revenue and net income have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator, RSI stands at 47.28 with positive bias. We rate Kandi Technologies Group, Inc. (KNDI) a STRONG BUY.