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NYSE American Idea (KULR) Has Bullish Technicals And Major IP Acquisition News, Requires Full Attention This AM
Taglich Brothers Inc. Analyst Provides $4.50 Price Target
December 13th
Good Morning,
I've been keeping a close eye on a past champ that looks like it has been inching towards another potential breakout based on several potential catalysts.
When I brought this idea to your screens for the morning of October 20th, 2021, it opened that session at $2.14.
From there, it went on an absolute tear to a new 52-week high of $3.81 on November 15th.
That $1.50+ move resulted in an approximate 78% surge in under a month.
But that's just the tip of the iceberg on this past champ...
Space: The Final Frontier (And A Potentially Lucrative Market)
While watching the daily news, it seems we are getting closer to commercial space travel.
It was recently that we all watched as Amazon founder, Jeff Bezos, blasted into Space on his rocket company's first flight and more recently lifted-off with Captain Kirk himself, William Shatner.
Shortly before that, Richard Branson, Virgin Galactic founder, shot off into space himself in a rocket he helped fund.
And obviously we've been reading about SpaceX and Elon Musk for years.
To say the least, the past year has been a landmark moment for the commercial space industry.
Millions are enthralled by the thought of leaving the surface and testing the waters of space travel. Granted, while space tourism companies aren’t quite ready to send folks into space just yet, the industry is seeing demand.
In fact, according to analysts at Cowen, “39% of people with a net worth of more than $5Mn are interested in paying at least $250k for a flight.”(1)
Better, by 2040, Morgan Stanley believes the industry could be worth about $1Tn.(2)
So why do I bring all this up?
One NYSE American whose TRS technology was chosen by NASA to safely ship and store batteries aboard the International Space Station is being overlooked, but maybe not for much longer.
And, with the ever growing number of Electric Vehicles (EVs) on the road today, companies are looking for more efficient, safe and effective battery options.
That's why I want you to turn your attention to this company ASAP:
KULR Technology Group, Inc. (KULR)
KULR Technology Group, Inc. develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer.
And, because of multiple potential catalysts, KULR needs to be your immediate focus now. Check it out:
Your No. 1 Potential KULR Catalyst - Strong Analyst Coverage With $4.50 Target
On November 30th, the brokerage firm, Taglich Brothers, Inc., maintained their $4.50 price target on KULR.
From Friday's closing valuation of $3.00+, that provides this NYSE American profile with upside potential of over $1.00+ from that level.
Here are some key highlights from their report:
- We are maintaining coverage of KULR Technology Group, Inc. with a Speculative Buy rating and twelve-month price target of $4.50 per share.
- The company is well positioned for strong growth as the shift to electric vehicles and 5G technology should be significant growth drivers fueling demand for the company’s products in the coming years.
- According to MarketsandMarkets, the electric vehicle market is projected to reach approximately 34.8 million units by 2030 from an estimated 4.1 million units in 2021 for annualized growth of 26.8%. Grandview Research projected the global 5G services market at $41.5Bn in 2020, with annualized growth of 43.9% from 2021 to 2027.
- KULR’s revenue increased more than four-fold in 3Q21 while the company continued to make significant investments in an effort to expand and commercialize its business.
- For 2021, we project a more than 3-fold increase in revenue to $2.3Mn from $624,000 in 2020 and a net loss of $(0.14) per share. We previously projected revenue of $2.3 million and a net loss of $(0.11) per share. While our revenue projection remains unchanged, our net loss projection has widened due primarily to higher SG&A expenses than originally anticipated.
- For 2022, we project a 19.7% increase in revenue to $2.8Mn with a net loss of $(0.12) per share. We previously projected revenue of $2.8Mn with a net loss of $(0.05) per share. While our revenue projection is unchanged, our net loss projection widened due primarily to higher operating expenses than originally anticipated.
- KULR reported (11/15/21) 3Q21 revenue increased to $601,000 from $137,000 in 3Q20 and a loss of $(0.03) per share versus $(0.01) per share in 3Q20. We projected revenue of $650,000 and a loss of $(0.02) per share.
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Your No. 2 Potential KULR Catalyst - Bullish Technicals Galore
At close on Friday, Barchart was reporting KULR to have a ton of bullish technical indicators.
In fact, the website was reporting in excess of 10+!
Here's a list of the triggered ones:
Short Term Indicators
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day MACD Oscillator
On top of that, Barchart is reporting its composite "TrendSpotter" indicator as a "BUY."
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Your No. 3 Potential KULR Catalyst - Acquisition Of Important IP Rights
KULR Acquires IP Rights from Centropy AB
Acquisition Provides Advanced Carbon Fiber Heatsink Solutions for High Power Computing Applications
SAN DIEGO, Dec. 07, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced it has acquired the patented intellectual property (“IP”) rights from Centropy AB ("Centropy"). The acquisition brings advanced carbon fiber based heatsink technology for high power computing (“HPC”) applications that strengthen KULR’s portfolio of thermal management solutions for cloud computing, AI, and cryp-to mining applications.
[...]
"We appreciate the dedication and innovation Centropy put into this technology," said KULR CEO, Michael Mo. "I believe KULR will be a great home for the technologies that the Centropy team has dedicated their hard work towards because we know firsthand it takes tremendous resources and innovation to invent a solution, productize it, and a tremendous amount of diligence and infrastructure to commercialize it. KULR intends to be a staunch custodian and conduit for Centropy’s cutting-edge technology, advancing a complete suite of solutions as well as other innovative thermal management technologies that will result from IP acquisitions.”
Jesper Eman, CEO of Centropy AB added: "We are very pleased and proud to work with KULR as we look to leverage our IP and take it to commercialization. We also realize it takes a lot of expertise and resources in productization, manufacturing and commercialization to take our technologies to mass markets. The partner to help us get there is KULR, which is the leader in carbon fiber thermal management technologies for the most advanced and demanding applications. Their products are trusted and used by NASA and other well-respected commercial and governmental partners. We look forward to the times ahead, as we strongly believe KULR is the ideal home for our technologies to realize their full potential."
Read the full article here.
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Your No. 4 Potential KULR Catalyst - Initial Order From Lockheed Martin
KULR Receives Initial Passive Propagation Resistant Battery Safety Order from Lockheed Martin
SAN DIEGO, Nov. 30, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced the Company has received an initial order totaling approximately $500K for its passive propagation resistant (“PPR”) battery systems from the Lockheed Martin Corporation (NYSE: LMT) (“LMT”). This initial order is for immediate delivery and is the starting point in the partnership as LMT leverages KULR’s technological advancements in PPR energy products for its Advanced Energy Systems.
KULR’s PPR energy products include the Thermal Runaway Shield (“TRS”), the Internal Short Circuit (“ISC”), its full suite of proprietary battery design and testing methodologies, as well as the battery cell screening and monitoring system KULR developed for its aerospace and U.S. Department of Defense ("DoD") customers.
“KULR’s heritage is hardware thermal energy management components incorporating our patented carbon fiber architecture,” stated KULR CEO Michael Mo. “We are very pleased and honored to have Lockheed Martin Corporation as a partner advancing our integrated battery design, testing and management platform. As the industry leader serving DoD and aerospace customers, Lockheed Martin brings tremendous expertise and resources to help us perfect our solutions to serve the most mission critical applications in the world.”
Read the full article here.
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Your No. 5 Potential KULR Catalyst - Recording 300%+ YoY Increased Revenue
KULR Technology Group Reports Third Quarter 2021 Fin-an-cial Results
The Company Recorded Over 300% Increase in Year-over-Year Revenue and Expects Growth Momentum to Continue into 2022
SAN DIEGO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today reported results for the third quarter ended September 30, 2021 (“Q3”).
KULR's Q3 revenue increased by over 300% year-over-year as the Company began to steadily expand the commercialization of its products. KULR continues to make significant in-vest-ments in all areas of its business and is increasingly seeing the number of partnerships and product development initiatives ramp up. As KULR accelerates in-ves-tments into new technology developments such as smart battery platforms, battery cell screen testing automation, and fast charging battery architectures, it will continue to grow sales in its foundational aerospace and defense businesses.
[...]
Read the the full article here.
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KULR Top 5 Potential Catalysts Recap: What To Know
#1. - Taglich Brothers, Inc. Provides $4.50 Target
#2. - Bullish Technicals Galore
#3. - Acquisition Of Important IP Rights
#4. - Initial Order From Lockheed Martin
#5. - Recording 300%+ YoY Increased Revenue
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