Analysts Offer Predictions for KULR Technology Group, Inc.’s FY2024 Earnings (NYSEAMERICAN:KULR)

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) – Equities research analysts at Litchfield Hills Research raised their FY2024 earnings per share estimates for KULR Technology Group in a research report issued on Wednesday, April 17th. Litchfield Hills Research analyst T. O’neill now anticipates that the company will earn ($0.10) per share for the year, up from their prior forecast of ($0.15). The consensus estimate for KULR Technology Group’s current full-year earnings is ($0.14) per share.

Separately, Benchmark reaffirmed a “speculative buy” rating and issued a $1.00 target price on shares of KULR Technology Group in a research note on Tuesday.

KULR Technology Group Price Performance

KULR Technology Group stock opened at 0.45 on Friday. KULR Technology Group has a one year low of 0.10 and a one year high of 1.10. The firm has a market cap of $57.19 million, a P/E ratio of -2.25 and a beta of 2.08.

Insider Activity

In other news, major shareholder Timothy Ray Knowles sold 361,338 shares of KULR Technology Group stock in a transaction dated Monday, March 25th. The stock was sold at an average price of 0.29, for a total value of 104,788.02. Following the completion of the transaction, the insider now owns 14,268,027 shares in the company, valued at approximately 4,137,727.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.76% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Chapin Davis Inc. increased its position in KULR Technology Group by 45.5% during the first quarter. Chapin Davis Inc. now owns 80,000 shares of the company’s stock worth $30,000 after buying an additional 25,000 shares during the period. Vanguard Group Inc. increased its holdings in shares of KULR Technology Group by 3.1% in the third quarter. Vanguard Group Inc. now owns 3,205,026 shares of the company’s stock valued at $1,150,000 after purchasing an additional 97,487 shares during the period. Geode Capital Management LLC increased its holdings in shares of KULR Technology Group by 4.2% in the first quarter. Geode Capital Management LLC now owns 631,700 shares of the company’s stock valued at $554,000 after purchasing an additional 25,642 shares during the period. Virtu Financial LLC increased its holdings in shares of KULR Technology Group by 78.2% in the fourth quarter. Virtu Financial LLC now owns 20,917 shares of the company’s stock valued at $25,000 after purchasing an additional 9,181 shares during the period. Finally, Morgan Stanley increased its holdings in shares of KULR Technology Group by 12.0% in the fourth quarter. Morgan Stanley now owns 154,506 shares of the company’s stock valued at $185,000 after purchasing an additional 16,504 shares during the period. Institutional investors and hedge funds own 21.23% of the company’s stock.

KULR Technology Group Company Profile

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for batteries, electronics, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; fiber thermal interface materials; phase change material heatsinks; internal short circuit device; KULR battery cell screening and testing automation system and tech safe case; cellcheck; and CRUX cathodes.