Kaixin (NASDAQ:KXIN) Trading 5.3% Higher – What’s Next?

Kaixin Holdings (NASDAQ:KXIN) traded up 5.3% on Tuesday . The company traded as high as $4.63 and last traded at $4.39. 20,083 shares were traded during trading, a decline of 87% from the average daily volume of 153,977 shares. The stock had previously closed at $4.17.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen raised Kaixin from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaixin in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Kaixin has a consensus rating of “Sell”.

Kaixin Trading Up 5.3%

The firm’s 50 day simple moving average is $5.17 and its two-hundred day simple moving average is $31.40.

Kaixin (NASDAQ:KXIN) last posted its quarterly earnings results on Tuesday, April 7th. The company reported $181.40 earnings per share (EPS) for the quarter. The business had revenue of $0.02 million during the quarter.

Kaixin Company Profile

Kaixin Auto Holdings, Inc (NASDAQ: KXIN) is a China-based integrated automotive services company primarily engaged in the distribution and financing of passenger vehicles. The company’s core business lines include new car sales through a network of franchised dealerships, used-vehicle trade-ins and resale, as well as a full suite of after-sales services such as maintenance, repair and parts supply. By combining vehicle distribution with complementary services, Kaixin aims to capture value across the entire ownership lifecycle.

Founded in 2014 and headquartered in Chengdu, Sichuan Province, Kaixin has expanded its footprint across central and western regions of China.