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Is Kandi Technologies Group Inc (KNDI) a Stock to Watch After Gaining 9.06% This Week?

Friday, March 31, 2023 02:19 PM | InvestorsObserver Analysts

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Is Kandi Technologies Group Inc (KNDI) a Stock to Watch After Gaining 9.06% This Week?

Kandi Technologies Group Inc (KNDI) stock has risen 9.06% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Kandi Technologies Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on KNDI!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With KNDI Stock Today?

Kandi Technologies Group Inc (KNDI) stock is trading at $2.77 as of 2:17 PM on Friday, Mar 31, a rise of $0.02, or 0.73% from the previous closing price of $2.75. Volume today is less active than usual. So far 131,107 shares have traded compared to average volume of 174,964 shares. The stock has traded between $2.71 and $2.79 so far today. To see InvestorsObserver's Sentiment Score for Kandi Technologies Group Inc click here.

More About Kandi Technologies Group Inc

Kandi Technologies Group Inc is engaged in the development, production, and distribution of electric vehicle (EV) products, EV parts, and off-road vehicle products, primarily in the Chinese market. Other product offerings include all-terrain vehicles, go-karts, utility vehicles, battery packs, motor vehicles, controllers, and air conditioning systems. It generates revenue through EV parts and off-road vehicles. The company generates the majority of its revenue from China, and it also exports Overseas. Click Here to get the full Stock Report for Kandi Technologies Group Inc stock.

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