Shares of Kaixin Holdings (NASDAQ:KXIN – Get Free Report) shot up 6.1% during mid-day trading on Monday. The stock traded as high as $2.1150 and last traded at $2.10. 770,220 shares changed hands during mid-day trading, an increase of 134% from the average session volume of 329,411 shares. The stock had previously closed at $1.98.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on KXIN shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a research note on Thursday, October 15th. Wall Street Zen raised shares of Kaixin from a “sell” rating to a “hold” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Analysis on KXIN
Kaixin Stock Performance
The company’s 50 day moving average price is $1.61 and its 200-day moving average price is $12.97.
Kaixin (NASDAQ:KXIN – Get Free Report) last issued its quarterly earnings data on Wednesday, September 16th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $0.33 million for the quarter.
Kaixin Company Profile
Kaixin Holdings, formerly known as Kaixin Auto Holdings, is a China-based automotive company focused on new energy vehicles and automobile retailing. Its activities have included the sale of used vehicles, new vehicle sales, auto financing and leasing, and related dealership services.
The company has also pursued a strategic expansion into new energy vehicle manufacturing through acquisitions and partnerships involving vehicle production and technology businesses. Its product focus includes electric passenger vehicles and other new energy transportation solutions, although the scope of its operations may change as its business develops.
Kaixin serves the Chinese automotive market, with operations and business initiatives centered in China.
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