KULR Technology Group, Inc. to Post Q2 2024 Earnings of ($0.02) Per Share, Litchfield Hills Research Forecasts (NYSEAMERICAN:KULR)

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) – Research analysts at Litchfield Hills Research issued their Q2 2024 EPS estimates for KULR Technology Group in a research note issued to investors on Friday, May 24th. Litchfield Hills Research analyst T. O’neill expects that the company will post earnings of ($0.02) per share for the quarter. The consensus estimate for KULR Technology Group’s current full-year earnings is ($0.10) per share. Litchfield Hills Research also issued estimates for KULR Technology Group’s Q3 2024 earnings at ($0.02) EPS, Q4 2024 earnings at ($0.03) EPS, Q1 2025 earnings at ($0.02) EPS, Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.09) EPS.

KULR Technology Group (NYSEAMERICAN:KULR) last released its earnings results on Wednesday, May 15th. The company reported -0.04 EPS for the quarter, missing the consensus estimate of -0.03 by -0.01. The company had revenue of 1.75 million for the quarter, compared to analyst estimates of 4.50 million. KULR Technology Group had a negative net margin of 225.04% and a negative return on equity of 1,667.70%.

Separately, Benchmark reissued a “speculative buy” rating and issued a $1.00 target price on shares of KULR Technology Group in a research note on Friday, May 17th.

KULR Technology Group Price Performance

Shares of NYSEAMERICAN:KULR opened at 0.37 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09. The company has a market cap of $66.75 million, a PE ratio of -2.03 and a beta of 1.88. KULR Technology Group has a 1-year low of 0.10 and a 1-year high of 1.10.

Insiders Place Their Bets

In other news, major shareholder Timothy Ray Knowles sold 361,338 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of 0.29, for a total transaction of 104,788.02. Following the sale, the insider now directly owns 14,268,027 shares of the company’s stock, valued at 4,137,727.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.76% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in KULR Technology Group stock. Chapin Davis Inc. raised its stake in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) by 45.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,000 shares of the company’s stock after buying an additional 25,000 shares during the quarter. Chapin Davis Inc. owned 0.06% of KULR Technology Group worth $30,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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 electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes.