|Bid||55.39 x 124500|
|Ask||55.43 x 73800|
|Day's Range||54.76 - 55.85|
|52 Week Range||21.01 - 55.96|
|Beta (5Y Monthly)||1.63|
|PE Ratio (TTM)||1,914.48|
|Earnings Date||Feb 18, 2021|
|Forward Dividend & Yield||0.90 (1.62%)|
|Ex-Dividend Date||Jul 09, 2020|
|1y Target Est||62.70|
Its market capitalization is a modest $932 million, and last year it reported barely selling any electric cars. It has been a bumpy ride, The stock nearly doubled in the first four days of the past week, after an announcement from the Texas Commission on Environmental Quality that two models that Kandi plans to launch in the U.S. qualify for tax rebates. Then, on Friday morning, the shares plunged more than 20% after the company said it would raise $100 million through a private placement of stock—the second market-jolting placement in two weeks.
Daimler AG <DAIGn.DE> and Geely Holding on Friday said China could emerge as a manufacturing and export hub for hybrid powertrains jointly developed for Volvo and Mercedes-Benz cars. Earlier this week the German car maker said it will cooperate with China's Geely [GEELY.UL] to build next-generation combustion engines for use in hybrid vehicles. The engines will be produced in China as well as in Europe, and Geely and Daimler will cooperate in engineering, sourcing and production, the companies said in a joint press release.
The high-end brand owned by Daimler wants to tap into China's ambitious electric vehicle targets.