Kaixin (NASDAQ:KXIN) Announces Quarterly Earnings Results

Kaixin (NASDAQ:KXIN) released its earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.33 million during the quarter.

Kaixin Price Performance

Shares of KXIN stock opened at $1.13 on Thursday. The stock’s 50-day simple moving average is $4.08 and its 200-day simple moving average is $4.98. Kaixin has a fifty-two week low of $0.54 and a fifty-two week high of $832.50.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KXIN. Wall Street Zen downgraded shares of Kaixin to a “strong sell” rating in a research note on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Kaixin currently has an average rating of “Sell”.

Kaixin Company Profile

Kaixin Auto Holdings, Inc (NASDAQ: KXIN) is a China-based integrated automotive services company primarily engaged in the distribution and financing of passenger vehicles. The company’s core business lines include new car sales through a network of franchised dealerships, used-vehicle trade-ins and resale, as well as a full suite of after-sales services such as maintenance, repair and parts supply. By combining vehicle distribution with complementary services, Kaixin aims to capture value across the entire ownership lifecycle.

Founded in 2014 and headquartered in Chengdu, Sichuan Province, Kaixin has expanded its footprint across central and western regions of China.