On pure speculation it can go much higher, i agree. The difference between tsla and kndi is in two main parts. First, kndi was profitable, and still is. Tsla still needs to turn a profit. Second, KNDI has the potential, over the next several years, to expand into dozens of cities with their model, which is already profitable. Tsla's model wouldn't work in china, and Kndi's wouldnt work in the united states. Different companies for different markets. This is not to say tsla won't expand to china some day, but they have a lot of work to do in US before expanding. KNDI has a huge new market to break into and create.
I'm not sure about the technicals, but I believe the reason the stock was at $10 in 2012 was because of the dividend. ALSK got rid of it, and used the money to build a better infrastructure for high speed internet. Their sales and income started improving after that. I don't really know what the future is for them, but I'm fairly bullish especially if they bring the old dividend back. Price will go up if that happens.
Whether they know something we do or not, it is mostly likely just a momentum play. Same thing with tesla, which did all of it's stock growing while it had negative earnings, but still skyrocketed. Kndi is not hugely profitable yet, although they make money, but the speculation is huge. That's my bet anyway. Maybe a big institutional play, or the float is just really low, so big swings are common.
Lots of posts about people talking about shorts, resistance and all that. I'm just curious as to why Je is up almost a buck in the last few weeks. Hovering around 7, now close to 8. Any news, or just a steady stream of people buying up each day? I'm just curious. Personally I have a decent stake in the company, but am not sure about adding on more. I like the dividend, but not sure about their fundamentals. What's with the steady climb? Any thoughts?
I bought around 4.50 because I thought the stock was undiscovered, and very undervalued. According the news of stock buy backs, the EPS should go up, and the p/e is still competitive. It's not as nearly a good buy as it was a year ago, but I think it still has room to grow. I sold half my position around $8, after a pull back started cause I was afraid of it going down to $4 again. We all know now it closed near $15 a few weeks ago. Anyway, point I'm trying to make is that the stock still has good valuations. The company is buying back 675k shares at 11, which may have something to do with the decline in price. But eventually it should go back up. Dividend expected to increase 25% to 10 cents a quarter, up from 8 cents. P/e is at 10. Good management, good income, I'd stick it out personally, but of course, it's your call. If you're planning to stay in it, I hope this helps. If you want to sell, cut your losses, that can be a smart move too. No one knows what the market will do.
When a company goes private the price of the shares go up to a particular value. You have the option to sell, or typically you get shares of whatever company is buying it. If there is no company, I'm pretty sure you are forced to sell.