Trade-Ideas: Kandi Technologies Group (KNDI) Is Today's

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Kandi Technologies Group ( KNDI) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Kandi Technologies Group as such a stock due to the following factors:

  • KNDI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $63.8 million.
  • KNDI has traded 108,913 shares today.
  • KNDI is up 3% today.
  • KNDI was down 9.8% yesterday.

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More details on KNDI:

Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes various vehicles.

The average volume for Kandi Technologies Group has been 2.8 million shares per day over the past 30 days. Kandi Technologies Group has a market cap of $713.7 million and is part of the consumer goods sector and automotive industry. The stock has a beta of 1.11 and a short float of 23.8% with 1.81 days to cover. Shares are up 63.7% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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