|Bid||4.9700 x 900|
|Ask||5.0300 x 900|
|Day's Range||4.8800 - 5.0474|
|52 Week Range||3.5400 - 9.2300|
|Beta (5Y Monthly)||2.51|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.59|
We think intelligent long term investing is the way to go. But along the way some stocks are going to perform badly...
Chinese EV maker Kandi Technologies reported Q3 revenue slid 17% but recorded an adjusted profit on a per-share basis.
JINHUA, China, Nov. 12, 2019 -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced its financial results for the third quarter.
Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that its first automatic intelligent battery exchange system passed the inspection on November 10, 2019. The development was spearheaded by the Company’s wholly-owned subsidiary, Jinhua An Kao Power Technology Co., Ltd (“Jinhua An Kao”). The Kandi automatic intelligent battery exchange system has been successfully developed by its technical team for over a year.
Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") today announced that it will report its third quarter 2019 financial results on Tuesday, November 12, 2019(1), before stock markets open in the U.S. The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (9:00 P.M. Beijing Time) on November 12, 2019. Mr. Hu Xiaoming, Chief Executive Officer of the Company, and Ms. Zhu Xiaoying, interim Chief Financial Officer of the Company, will deliver prepared remarks to be followed by a question and answer session.
Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that the Company has newly developed two new mini pure electric vehicle (“EV”) models. After Kandi has undergone several rounds of technical and performance tests on the mini EVs, five of each mini EV model prototypes are completed and ready to be shipped to DGL Group for further tests in the beginning of this month. Mr. Hu Xiaoming, Chairman of Kandi commented: “the successful development of these two mini EV models within such a short time period is a strong indicator of the Company’s capability of producing intelligent electric transportation products by leveraging our expertise in manufacturing off-road vehicles.
Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that Kandi brand electric vehicle (“EV”) model K23, manufactured by the Company’s wholly-owned subsidiary Kandi Electric Vehicles (Hainan) Co., Ltd. (“Kandi Hainan”), has been completed the necessary changes to adhere and adapt to the U.S. vehicle regulations and market preferences after months of dedicated work. To further verify the results, the inspection team from SC Autosports visited the Company’s factory in Hainan to conduct a thorough tests and inspections. The Company is happy to announce that once the necessary fine-tuning is complete, the Kandi model K23 product will be ready to be shipped to the American market.
JINHUA, China, Oct. 14, 2019 -- Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that according to the executed Purchase.
Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that in order to have an audit firm more accessible to PCAOB inspections, the Company has appointed Marcum Bernstein & Pinchuk LLP (“MBP”) as the Company’s new independent registered public accounting firm effective October 7, 2019. The appointment of MBP was approved by the Company’s audit committee. Mr. Hu Xiaoming, Chairman and Chief Executive Officer of Kandi, commented: “We would like to thank BDO China for their diligent contribution as our auditor in the past.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that Kandi brand electric vehicle (“EV”) model K23, manufactured by the Company’s wholly-owned subsidiary Kandi Electric Vehicles (Hainan) Co., Ltd.* (“Kandi Hainan”), received eligibility for up to $7,500.00 in tax credits under the New Qualified Plug-in Electric Drive Motor Vehicle Credit (the “Credit”) from the Internal Revenue Service.
Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), announced today that to accelerate the growth of Kandi Electric Vehicles Group Co., Ltd (the “JV Company”), Kandi’s wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles") signed an Equity Transfer Agreement (the “Transfer Agreement”) in March of 2019 with Geely Technologies Group Co., Ltd. (“Geely”) to transfer certain equity interests. The equity transfer was for the JV Company to utilize Geely’s competitive strength and recognition in the automotive industry to unlock the JV Company’s potentials in branding, manufacturing capability, sales & marketing network, and after-sales service to enhance its competitiveness for greater success.
Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that Mr. Hu Xiaoming, Chairman of Kandi, and Mr. Joey Wahba, CEO of DGL Group Inc. (USA) (“DGL Group”) signed a Purchase Framework Agreement (“Agreement”) on behalf of Kandi’s wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) and DGL Group regarding an initial batch order of 300,000 electric scooters and 500,000 electric self-balancing scooters. The total value of the Agreement is expected to be about RMB 500 million (approximately USD 70.5 million).
Nio (NYSE:NIO) stock has traded sideways over the past month. Shares in the Chinese electric vehicle (EV) maker opened at $3.21 a share on August 2, and closed at $2.86 a share on August 30. Investor sentiment continues to be negative.Source: THINK A / Shutterstock.com Shares continue to trade more than 50% below their IPO price. Tesla (NASDAQ:TSLA) is close to opening its Shanghai facility. With EV sales slowing and economies weakening, NIO stock remains a long-shot. The company could pulloff a turnaround. But additional declines in the share price are also possible. Let's take a closer look, and see why it's smart to avoid Nio stock. Red Flags AboundThere are few catalysts for Nio stock. But there are plenty of red flags. As InvestorPlace contributor Mark Hake wrote last week, July deliveries were down 38% from June. Hake also highlighted the company's continuing cash burn. Nio's current cash position will not be revealed until the next earnings release, leaving investors in the dark about the company's solvency.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRecent news does not paint a rosy picture. The company's co-founder (Jack Cheng) resigned. The company also fired 1,200 employees in an effort to cut costs. The macro situation looks tough as well. As noted above, Tesla will soon start making cars in China. But there is other competition for the Chinese EV market. Scores of startups have entered the game. Intense competition will make it hard to scale up to profitability. * 7 Tech Industry Dividend Stocks for Growth and Income The U.S.-China trade war adds additional risk to Nio stock. Economic fallout from the trade war could further reduce Chinese demand. A soft car market is the last thing a struggling EV startup needs. With these factors in mind, it seems like Nio stock faces multiple risks. But does this mean it's time to throw in the towel? Let's take a look at valuation, and see whether shares trade at a discount (or a premium). NIO Extremely OvervaluedDespite massive declines in the Nio stock price, shares remain overvalued. The company trades at an enterprise value/sales (EV/Sales) ratio of 3.91; Tesla is at EV/Sales of 2.1. Another Chinese-based, U.S.-listed EV maker is Kandi Technologies (NASDAQ:KNDI). KNDI stock currently trades at an EV/Sales ratio of 2.67.But comparing NIO to these peers is apples-to-oranges. Tesla is a better capitalized company, with a strong global brand. While not as well known, Kandi has a more diversified product offering. Along with EVs, Kandi manufactures all-terrain vehicles, as well as auto parts for electric vehicles.Meanwhile, NIO hemorrhages cash. The company's trailing 12-month (TTM) operating losses are $1.6 billion. The company posts negative gross margins. With the sales collapse in July, these negative gross margins may have accelerated further.It's hard to justify the valuation implied by the Nio stock price, even at $2.60 a share. The company's current market capitalization is ~$2.7 billion. But how much can the equity be worth as the company teeters on insolvency? * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off For Nio to survive, it needs additional capital infusions. As I mentioned in my July 5 article, Nio has been bailed out before. State-owned fund E-Town Capital pumped $1.45 billion in a joint venture to help the company expand. E-Town could provide additional capital. But this would dilute current shareholders. Another possibility is bankruptcy. E-Town or another state-owned fund could step in and buy the company's operating assets. This would wipe out the value of Nio's equity. Bottom Line: Nio Stock Remains a Hard PassShares have fallen more than 80% off their all-time high of $13.80 a share. Investors may want to take a bet on a long-shot. But, most likely, there will be additional declines in the Nio stock price. The company has negative gross margins. It hemorrhages cash, and lacks any sort of competitive edge. With high levels of debt and a shrinking cash position, bankruptcy risk remains high.A turnaround is possible. But macro factors are not on the company's side. Without subsides, Chinese EV makers need natural market demand to sell their cars. Add in any complications from the trade war, and selling big ticket items in China seems like a gamble.Continue to avoid Nio stock. There are scores of better high-risk growth opportunities elsewhere.As of this writing, Thomas Niel did not hold a position in any for the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post Keeping Saying 'No' To Nio Stock as EV Maker has Few Catalysts to Help appeared first on InvestorPlace.
Xiaoming Hu became the CEO of Kandi Technologies Group, Inc. (NASDAQ:KNDI) in 2007. This report will, first, examine...
China electric car company Nio, known as the "Tesla of China" said its luxury electric SUV sales dived in July due to a battery recall. Shares of Nio fell Monday.
Kandi Technologies posted a loss but revenue jumped on demand for off-road vehicles and parts for electric cars. Kandi stock tumbled.
• Q2 total revenues increased 47.6% YoY to $24.1 million –• Q2 sales of off-road vehicles increased 506.9% YoY to $5.2 million –• Q2 gross margin increased to 17.4% compared.
JINHUA, China, Aug. 07, 2019 -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the "Company" or "Kandi") today announced that Kandi Electric Vehicles Jiangsu Co., Ltd..
The Company has scheduled a conference call and live webcast to discuss its financial results at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on August 9, 2019. The live audio webcast of the call can also be accessed by visiting Kandi's Investor Relations page on the Company's website at http://www.kandivehicle.com/. An archive of the webcast will be available on the Company's website following the live call.
If you want to know who really controls Kandi Technologies Group, Inc. (NASDAQ:KNDI), then you'll have to look at the...