Taglich Brothers Weighs in on KULR Technology Group, Inc.’s Q1 2024 Earnings (NYSEAMERICAN:KULR)

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) – Analysts at Taglich Brothers raised their Q1 2024 earnings estimates for KULR Technology Group in a note issued to investors on Tuesday, April 23rd. Taglich Brothers analyst H. Halpern now expects that the company will post earnings of ($0.03) per share for the quarter, up from their previous 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 reissued a “speculative buy” rating and issued a $1.00 price target 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. The firm has a market cap of $80.44 million, a PE ratio of -2.35 and a beta of 2.08. KULR Technology Group has a 12-month low of 0.10 and a 12-month high of 1.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in KULR Technology Group stock. Chapin Davis Inc. boosted its stake in shares of 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. Hedge funds and other institutional investors own 21.23% of the company’s stock.

Insider Activity

In other news, major shareholder Timothy Ray Knowles sold 460,037 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of 0.22, for a total transaction of 101,208.14. Following 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 document filed with the SEC, which is available at this hyperlink. 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.