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Kandi Technologies Probability of Target Price Finishing Over 4.4

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KNDI -- USA Stock  

USD 4.27  0.22  5.43%

Kandi Technologies probability of target price tool provides mechanism to make assumptions about upside and downside potential of Kandi Technologies Group performance during a given time horizon utilizing its historical volatility. Please specify Kandi Technologies time horizon, a valid symbol (red box) and a target price (blue box) you would like Kandi Technologies odds to be computed. Please see Kandi Technologies Backtesting, Kandi Technologies Valuation, Kandi Technologies Correlation, Kandi Technologies Hype Analysis, Kandi Technologies Volatility, Kandi Technologies History as well as Kandi Technologies Performance.
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Kandi Technologies Target Price Odds to finish over 4.4

Current PriceHorizonTarget PriceOdds to move over $ 4.40  or more in 30 days
 4.27 30 days 4.40 
about 75.52
Based on normal probability distribution, the odds of Kandi Technologies to move over $ 4.40  or more in 30 days from now is about 75.52 (This Kandi Technologies Group probability density function shows the probability of Kandi Technologies Stock to fall within a particular range of prices over 30 days) . Probability of Kandi Technologies price to stay between its current price of $ 4.27  and $ 4.40  at the end of the 30-day period is about 11.31 .
Given the investment horizon of 30 days, the stock has beta coefficient of 1.18 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, Kandi Technologies will likely underperform. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Kandi Technologies is significantly underperforming DOW.
 Kandi Technologies Price Density 
    
  Price 
α
Alpha over DOW
=0.27
β
Beta against DOW=1.18
σ
Overall volatility
=0.30
Ir
Information ratio =0.12

Kandi Technologies Alerts and Suggestions

Kandi Technologies generates negative expected return over the last 30 days
The company reported previous year revenue of 129.96 M. Net Loss for the year was (22.52 M) with profit before overhead, payroll, taxes, and interest of 20.25 M.
KANDI TECHS CORP currently holds about 3.61 M in cash with (19.37 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07.
Roughly 29.0% of the company outstanding shares are owned by corporate insiders
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Kandi TechnologiesPrice Density Drivers

Shares Percent Shares Out10.61%
Short Percent Of Float14.84%
Float Shares37.38M
Average Daily Volume Last 10 Day162.45k
Shares Short Prior Month6.15M
Average Daily Volume In Three Month165.85k
Date Short InterestJanuary 31, 2020