Kandi Technologies Group (KNDI, Financial) experienced a significant stock price drop of 5.65%, trading at $1.00 per share with a trading volume of 90,481 shares. The stock's turnover rate was 0.11%, and it showed a price fluctuation of 4.72%. Recent financial reports reveal Kandi achieved a revenue of $29.95 million, but reported a net loss of $4.11 million, resulting in an earnings per share (EPS) of -$0.05. The gross profit stood at $9.37 million, and the price-to-earnings (P/E) ratio was -12.70. Currently, no institutional ratings are available for KNDI, indicating a lack of buy, hold, or sell recommendations.
The auto parts industry, where Kandi operates, saw an overall decline of 1.30%. Within this sector, companies like Mkdwell Tech Inc, Ecarx Holdings Inc, and Hesai showed notable gains. Meanwhile, Luminar Technologies Inc, Innoviz Technologies Ltd, and Hyzon Motors Inc exhibited active trading with turnover rates of 4.93%, 4.90%, and 4.28% respectively. Stocks with significant price fluctuations included Ecarx Holdings Inc, Carbon Revolution Public Limited Co, and Solid Power Inc, with amplitudes of 64.88%, 48.82%, and 32.09% respectively.
Kandi Technologies Group is involved in the development, production, and sales of electric vehicles (EVs), EV components, and off-road vehicles in the Chinese market. The company's product range includes all-terrain vehicles, go-karts, utility vehicles, battery packs, and other systems. Most of its revenue is generated from the U.S. and other countries, followed by China.
