Q1 2024 EPS Estimates for KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Boosted by Analyst

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) – Taglich Brothers boosted their Q1 2024 earnings estimates for shares of KULR Technology Group in a report released on Tuesday, April 23rd. Taglich Brothers analyst H. Halpern now expects that the company will post earnings per share of ($0.03) for the quarter, up from their prior estimate of ($0.04). The consensus estimate for KULR Technology Group’s current full-year earnings is ($0.09) per share. Taglich Brothers also issued estimates for KULR Technology Group’s Q2 2024 earnings at ($0.02) EPS, Q3 2024 earnings at ($0.01) EPS, Q4 2024 earnings at ($0.01) EPS and FY2024 earnings at ($0.07) EPS.

Separately, Benchmark restated a “speculative buy” rating and set a $1.00 price objective on shares of KULR Technology Group in a research report on Tuesday, April 16th.

KULR Technology Group Price Performance

KULR Technology Group stock opened at 0.47 on Friday. KULR Technology Group has a 52 week low of 0.10 and a 52 week high of 1.10. The company has a market capitalization of $80.44 million, a P/E ratio of -2.33 and a beta of 2.08.

Hedge Funds Weigh In On KULR Technology Group

An institutional investor recently raised its position in KULR Technology Group stock. Chapin Davis Inc. boosted its holdings in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) by 45.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 80,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Chapin Davis Inc. owned about 0.06% of KULR Technology Group worth $30,000 at the end of the most recent quarter. 21.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KULR Technology Group

In other KULR Technology Group news, major shareholder Timothy Ray Knowles sold 361,338 shares of the 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 directly owns 14,268,027 shares in the company, valued at 4,137,727.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 16.76% 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.