Please ensure Javascript is enabled for purposes of website accessibility

Kandi Technologies Group, Inc. Stock Pops Ahead of Earnings

By Daniel Sparks - Oct 28, 2015 at 4:29PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Is there any meaning to Kandi Technologies stock's big move on Wednesday?

What: Kandi Technologies (KNDI -0.83%) stock jumped more than 10% on Wednesday. But the gain has settled to just over 9% at the time of this writing.

Kandi E-Car. Image source: Kandi Technologies.

So what: There's no clear reason for the stock's volatility on Wednesday, though the move does follow an announcement on the same morning that the company would report third-quarter results on Monday, Nov. 9, before market open in the U.S. The company also said it would host a conference call at 8 a.m. ET to discuss the results.

Perhaps some big investors just wanted to make sure to go long on the stock ahead of its third-quarter results.

With a market capitalization of just $447 million, and considering the company is in a high-revenue growth stage, volatility for Kandi Technologies stock is fairly commonplace. In the last 12 months alone, shares have traded as high as $17.48 and as low as $5.10.

Now what: The day's move has no impact on the company's intrinsic value. Though it's a good reminder that investors can tune into the company's earnings report next month.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Kandi Technologies Group, Inc. Stock Quote
Kandi Technologies Group, Inc.
$2.38 (-0.83%) $0.02

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 07/01/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.