Kandi Technologies Group (KNDI) to Release Quarterly Earnings on Thursday

Kandi Technologies Group (NASDAQ:KNDI) is projected to post its Q4 2024 quarterly earnings results before the market opens on Thursday, May 15th. Analysts expect Kandi Technologies Group to post earnings of ($0.02) per share and revenue of $41.00 million for the quarter.

Kandi Technologies Group (NASDAQ:KNDI) last posted its quarterly earnings results on Monday, April 28th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.26). Kandi Technologies Group had a negative return on equity of 1.53% and a negative net margin of 5.25%. The company had revenue of $41.00 million during the quarter, compared to the consensus estimate of $41.00 million.

Kandi Technologies Group Trading Up 6.4 %

Shares of KNDI stock opened at $1.16 on Thursday. The company’s fifty day simple moving average is $1.31 and its two-hundred day simple moving average is $1.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.26 and a quick ratio of 2.55. The stock has a market capitalization of $99.15 million, a price-to-earnings ratio of -14.50 and a beta of 0.98. Kandi Technologies Group has a 1 year low of $0.89 and a 1 year high of $2.47.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Kandi Technologies Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 18th.

Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc engages in designing, developing, manufacturing, and commercializing electric vehicle (EV) products and parts in the People's Republic of China and the United States. It offers also off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and battery packs and smart battery swap system.