Why is Kaixin Auto Holdings (KXIN) up 269.91% from the day 1 this year?

At the end of the latest market close, Kaixin Auto Holdings (KXIN) was valued at $4.15. In that particular session, Stock kicked-off at the price of $4.31 while reaching the peak value of $4.44 and lowest value recorded on the day was $4.13. The stock current value is $4.18.

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Recently in News on January 11, 2021, Kaixin Auto Holdings Announces Entry into a Vehicles Supply Contract between Haitaoche Limited and China National Vehicles Import & Export Company. Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that Haitaoche Limited (“Haitaoche”) has entered, through one of its subsidiaries, into a five-year vehicles supply contract (the “Vehicles Supply Contract”) with China National Vehicles Imp & Exp Co., Ltd. (“CVC”) on January 11, 2021. Kaixin entered into a definitive share purchase agreement with the shareholders of Haitaoche on December 31, 2020, pursuant to which Kaixin will acquire 100% of the share capital of Haitaoche from the shareholders of Haitaoche.1. You can read further details here

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Kaixin Auto Holdings had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.49 on 02/11/21, with the lowest value was $3.40 for the same time period, recorded on 02/01/21.

Kaixin Auto Holdings (KXIN) full year performance was 269.91%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Kaixin Auto Holdings shares are logging -68.81% during the 52-week period from high price, and 944.74% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.40 and $13.40.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 4628872 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Kaixin Auto Holdings (KXIN) recorded performance in the market was 12.06%, having the revenues showcasing 38.41% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 270.32M, as it employees total of 279 workers.

Analysts verdict on Kaixin Auto Holdings (KXIN)

During the last month, 0 analysts gave the Kaixin Auto Holdings a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.81, with a change in the price was noted +3.62. In a similar fashion, Kaixin Auto Holdings posted a movement of +652.48% for the period of last 100 days, recording 9,213,662 in trading volumes.

Kaixin Auto Holdings (KXIN): Technical Analysis

Raw Stochastic average of Kaixin Auto Holdings in the period of last 50 days is set at 37.32%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 37.32%. In the last 20 days, the company’s Stochastic %K was 38.92% and its Stochastic %D was recorded 42.80%.

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Let’s take a glance in the erstwhile performances of Kaixin Auto Holdings, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 12.06%. Additionally, trading for the stock in the period of the last six months notably improved by 354.35%, alongside a boost of 269.91% for the period of the last 12 months. The shares increased approximately by 1.95% in the 7-day charts and went down by 7.18% in the period of the last 30 days. Common stock shares were driven by 38.41% during last recorded quarter.

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