Research Analysts Set Expectations for KULR Technology Group, Inc.’s Q1 2024 Earnings (NYSEAMERICAN:KULR)

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) – Taglich Brothers increased their Q1 2024 earnings per share estimates for KULR Technology Group in a report released on Tuesday, April 23rd. Taglich Brothers analyst H. Halpern now forecasts that the company will post earnings of ($0.03) per share for the quarter, up from their prior forecast of ($0.04). The consensus estimate for KULR Technology Group’s current full-year earnings is ($0.11) 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 reiterated a “speculative buy” rating and set a $1.00 price target on shares of KULR Technology Group in a report on Tuesday, April 16th.

KULR Technology Group Price Performance

Shares of KULR stock opened at 0.47 on Friday. KULR Technology Group has a 12 month low of 0.10 and a 12 month high of 1.10.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in KULR Technology Group stock. Chapin Davis Inc. raised its stake in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) by 45.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,000 shares of the company’s stock after acquiring an additional 25,000 shares during the period. Chapin Davis Inc. owned about 0.06% of KULR Technology Group worth $30,000 as of its most recent SEC filing. 21.23% of the stock is currently owned by institutional investors.

Insider Transactions at KULR Technology Group

In related news, major shareholder Timothy Ray Knowles sold 460,037 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of 0.22, for a total value of 101,208.14. Following the completion of the transaction, the insider now directly owns 14,629,365 shares in the company, valued at 3,218,460.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.