Kandi Technologies Group Inc (KNDI)

What is Kandi Technologies Group Inc (KNDI) ?

Kandi Technologies Group, Inc. is a company dedicated to developing, manufacturing and distributing merchandise and parts for electric cars and off-road vehicles in the People's Republic of China and internationally. The company's previous name was 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, People's Republic of China.

KNDI, is it a good pick?

Kandi Technologies Group, Inc. announced in January its battery exchange initiative, this is expected to help its shares recover, since November 2020 its price has been low. On November 9th the company showed its latest results with an income of 17M, these were below the forecast of 38.8M. The following results are expected on March 18th.

Technical analysis

From Dec 20th to Dec 28th the share price went up 19.26% to a price of $3.84. From Dec 28th to Jan 28th the share price went down -28.77% to a price of $2.74. From Jan 28th to Feb 22nd the share price went up 16.81% to a price of $3.20. The MACD shows that the stock is going down and the RSI is in the neutral zone and a small drop is observed, therefore the stock price could go down around -14.67% to a price of $2.71.