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Why KULR Technology Stock Skyrocketed 1,819% in 2024 but Is Plummeting in 2025
The Motley Fool· 2025-01-10 21:00
KULR Technology (KULR -13.31%) stock posted massive gains in 2024. The company's share price climbed 1,819% across last year's trading, according to data from S&P Global Market Intelligence. While KULR stock posted some significant gains across the first half of last year, the fourth quarter of 2024 delivered a breakout rally for its share price. The company's stock saw explosive gains in conjunction with new contract wins and excitement surrounding the company's plan to make Bitcoin a major part of its bal ...
Should You Forget KULR and Buy These 2 Millionaire-Maker Stocks Instead?
The Motley Fool· 2025-01-06 11:30
KULR Technology Group - KULR's stock surged over 1,000% in the past two months due to increased commercial and government contracts and its plan to allocate 90% of surplus cash to Bitcoin, attracting crypto investors [1] - The company specializes in fiber-based heat management products for lithium-ion batteries, originally developed for NASA, and now serves government, tech, and aerospace sectors [2] - Analysts project a 73% CAGR in revenue from 2023 to 2026, but its enterprise value of $730 million and 55x next year's sales valuation pose risks [3] Intuitive Machines - Intuitive Machines focuses on lunar exploration and landing vehicles, securing three major NASA contracts in 2021 and successfully launching its Nova-C lunar lander in February 2024 [4] - The company achieved a record quarterly backlog of $316 million in Q3 2024, supported by new NASA contracts, including a $4.8 billion near-space network deal [5] - Revenue is expected to grow from $80 million in 2023 to $215-$235 million in 2024, with analysts forecasting a doubling of revenue to $497 million by 2026 and profitability by 2026 [6] - With an enterprise value of $1.5 billion, the company trades at 4x next year's sales, positioning it for potential multibagger gains in the lunar exploration race [7] Nio - Nio is a leading Chinese EV manufacturer known for its swappable battery technology, offering a faster alternative to traditional charging [8] - Deliveries grew by 34% in 2022 and 31% in 2023, slowed by China's economic slowdown, cooling EV market, competition, and adverse weather, with vehicle margins halving from 20.2% in 2021 to 9.5% in 2023 [9] - For 2024, Nio expects a 51%-53% increase in deliveries, driven by premium ET-series sedans and cheaper Onvo smart vehicles, with revenue projected to grow at a 29% CAGR from 2023 to 2026 [10] - With an enterprise value of 64.8 billion yuan ($8.9 billion) and a P/S ratio below 1, Nio's stock is undervalued, though higher tariffs and competition remain concerns [11]
KULR Announces Active Collaboration with U.S. Army to Evaluate Vibration Reduction on AH-64E and UH-60 Helicopter Platforms
GlobeNewswire· 2024-12-30 13:45
HOUSTON, Dec. 30, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced thermal management and vibration reduction solutions, is pleased to announce its active collaboration with the U.S. Army to plan an in-depth evaluation of the KULR VIBE system for vibration reduction and optimal balance on AH-64E Apache and UH-60 Black Hawk helicopters. The evaluation is slated to begin in 2025 and will explore the potential of KULR VIBE to enhance ope ...
KULR Technology Stock: Buy, Sell, or Hold?
The Motley Fool· 2024-12-28 17:10
KULR Technology (KULR -2.92%), a provider of energy storage solutions, saw its stock rally about 1,610% over the past two months. It had been languishing as a penny stock since early 2023, but it abruptly skyrocketed and transformed into a hypergrowth stock after it secured new contracts, regained compliance with the NYSE American's listing standards, and made a big Bitcoin purchase to launch its own Bitcoin treasury.But should you buy, sell, or hold KULR's stock after that breathtaking rally? Let's review ...
Cryptocurrency Strategic Investments Changing the Face of Wall Street
Newsfile· 2024-12-27 12:00
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - December 27, 2024) - Investorideas.com, a go-to investing platform covering cryptocurrency and cleantech stocks releases a snapshot looking at publicly traded companies and how the strategic investment of cryptocurrency is reshaping their financial futures, featuring KULR Technology Group, Inc (NYSE American: KULR), a leader in advanced energy management platforms.Read the full article at Investorideas.comhttps://www.investorideas.com/News/ ...
KULR Technology Stock Soars to All-Time High After $21M Bitcoin Purchase
Investopedia· 2024-12-26 22:00
Key TakeawaysKULR Technology Group shares surged to an all-time high Thursday after the energy storage provider made its first investment in bitcoin worth $21 million. The company bought 217.18 bitcoins, and said it plans to purchase more.KULR said it will allocate up to 90% of its surplus cash towards buying bitcoin as part of its "Bitcoin Treasury" strategy. Shares of KULR Technology Group (KULR) soared to close at a record high $4.80 Thursday after the energy storage company made its first investment in ...
KULR Launches Bitcoin Treasury with Purchase of 217.18 Bitcoin for $21 Million
GlobeNewswire· 2024-12-26 13:30
HOUSTON, Dec. 26, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leader in advanced energy management platforms, today announced that it has completed the purchase of 217.18 Bitcoin (“BTC”) for approximately $21 million, at an average price of $96,556.53 per BTC. The purchase follows the Company’s announcement on December 4th of its Bitcoin Treasury strategy in which it announced allocating up to 90% of its surplus cash to BTC. The $21 million of BTC ...
KULR Regains Compliance with NYSE American Stockholders' Equity Requirement
GlobeNewswire News Room· 2024-12-18 13:30
HOUSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, announced it has received official notice from the NYSE American LLC (the “Exchange”) confirming that the Company has regained compliance with all continued listing standards set forth in Part 10 of the NYSE American Company Guide (the “Company Guide”). The Company had previously been cited for non-compliance with Sections 1003(a)(i), (ii) ...
How Modern Technology and Innovation is Playing a Shifting Paradigm in Space Exploration
Newsfilter· 2024-12-17 14:15
PALM BEACH, Fla., Dec. 17, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The launch of communication satellites into space has become a cornerstone of modern technology, revolutionizing the way individuals, businesses, and governments connect and communicate across the globe. With increasing reliance on digital infrastructure, communication satellites serve as the backbone for seamless data transmission, bridging the gap between remote regions and urban centers to create a more interconnected an ...
KULR Signs Service Agreement to Launch KULR ONE Space Battery
GlobeNewswire· 2024-12-17 13:15
HOUSTON, Dec. 17, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, proudly announces its plans to launch the KULR ONE Space (K1S) battery via launch integrator Exolaunch on a SpaceX rideshare mission scheduled for 2026. This mission represents a pivotal milestone in KULR's ongoing commitment to developing safer and higher-performing battery systems tailored for space applications for a space battery market ...