NYSE American Profile (KULR) Displays Breakout Potential Behind Analyst Coverage And Big Q2 Revenue News
Taglich Brothers Inc. Analyst Provides $4.50 Price Target
While watching the daily news, it seems we are getting closer to commercial space travel.
It was just last month that we all watched as Amazon founder, Jeff Bezos, blasted into Space on his rocket company's first flight.
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? Well, I've uncovered a company trading on the NYSE American whose TRS technology was chosen by NASA to safely ship and store batteries aboard the International Space Station.
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
Over the summer the brokerage firm, Taglich Brothers, Inc., upgraded their price target on KULR to $4.50.
From Tuesday's closing valuation of $2.04, that provides this NYSE American profile with upside potential of approximately 120%+.
Here are some key highlights from their report:
- We are maintaining coverage of KULR Technology Group, Inc. with a Speculative Buy rating and raising our twelve-month price target to $4.50 per share from $3.50 based on our 2022 sales projection and a higher multiple.
- We believe 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 its products. KULR’s recent partnership with the Andretti Technologies should open many doors in the electric vehicle and automotive markets.
- According to MarketsandMarkets, the electric vehicles market is projected to reach approximately 27 million units by 2030 from an estimated 3.3 million units in 2019 for annualized growth of 21.1%. Grandview Research projects the global 5G services market at $41.5Bn in 2020, expanding annually by 43.9% from 2021 to 2027.
- KULR’s revenue increased more than five-fold in 1Q21 while the company continued to make significant in-vest-ments in an effort to expand its business in 2021 and beyond. In 2Q21, the company raised capital of $6.5Mn, which should aid in its commercialization efforts.
- For 2021, we project a more than 3-fold increase in revenue to $2.3Mn from $624k in 2020 and a loss of $(0.04) per share. We previously projected revenue of $2Mn and a loss of $(0.02) per share. The increase in our revenue projection reflects 1Q21 results and continued organic growth. Our 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 and the loss narrowing to $(0.03) per share. The increase in our revenue projection should be driven by continued organic growth. Our loss projection has widened due primarily to higher SG&A expenses than originally anticipated.
- KULR reported (5/21/21) 1Q21 revenue increased to $418k from $78k in 1Q20 and a loss of $(0.02) per share versus $(0.01) per share in 1Q20. We projected revenue of $300k and a loss of $(0.01) per share.
Your No. 2 Potential KULR Catalyst
KULR Technology Group Announces Second Quarter 2021 Financial Results and Provides Shareholder Update Letter
SAN DIEGO, Aug. 17, 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 its financial results for the second quarter ended June 30, 2021 and posted a Shareholder Letter to its website summarizing corporate updates since the beginning of the second quarter of 2021.
KULR's Q2 revenue increased by over 200% year-over-year as the Company continued to make significant in-vest-ments in all areas of its business to sustain and expand in 2021 and beyond. The Company raised $6.5Mn in equity capital on May 20, 2021, which strengthened the balance sheet and helped facilitate KULR's uplisting to the NYSE-American exchange on June 07, 2021. In addition, the Company received approximately $3.7Mn in Q2 2021 from the exercise of warrants to purchase an aggregate of 3Mn shares of common st-ocks and approximately $1.5Mn from the exercise of warrants to purchase a total of 1.2Mn shares of common st-ock in July 2021. With over $12Mn in cash at end of Q2, KULR is in the strongest financial position in its history.
As KULR accelerates its in-vest-ments in new technology developments in smart battery platform, battery cell screen and testing automation and fast charging battery architecture, it continues to grow sales in its foundational aerospace and defense businesses. KULR's business model continues to evolve as the Company focuses on near-term commercialization opportunities for its technology in battery transportation and energy storage products. The Company’s goal is to provide total battery safety solutions for more efficient battery systems, increased sustainability, and end-of-life battery management, making KULR a key technology solutions provider in the migration to a global circular economy.
Read the full article here.
Your No. 3 Potential KULR Catalyst
As of close Tuesday, KULR was displaying a multitude of triggered technical indicators on Barchart. Check these out:
Short Term Indicators
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Long Term Indicators
- 200 Day Moving Average
- 100 - 200 Day MACD Oscillator
Could these triggered technicals be signaling a potential vertical shot for KULR in the near future?
Plus, KULR is now exhibiting a few oversold leaning technicals to be aware of. They are as follows on Barchart (as of close Tuesday):
- 9-Day Raw Stochastic: 12.82%
- 14-Day Raw Stochastic: 17.07%
- 9-Day Williams %R: 87.18%
- 14-Day Williams %R: 82.93%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Your No. 4 Potential KULR Catalyst
KULR Technology Group Receives Special Permit from the U.S. Department of Transportation Authorizing Transport of Damaged, Defective, or Recalled (DDR) Batteries
A trio of recently granted DoT special permits enables the Company to strategically pursue regulatory markets ranging from shipping prototype batteries to end of life battery management
SAN DIEGO, CA / ACCESSWIRE / July 28, 2021 / 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, announced today it received a special permit, its third in two months, from the U.S. Department of Transportation (DoT) authorizing commerce transportation of damaged, defective, or recalled (DDR) lithium ion cells, batteries, or lithium metal cells contained in or packed with KULR's proprietary Thermal Runaway Shield (TRS) packaging.
The granting of the recent DDR special permit marks a key strategic step for KULR as it continues to push its Thermal Runaway Shield as an integrated design solution providing total battery safety for more efficient battery systems, increased sustainability, and end of life battery management. The Company's solutions have been proven by various government testing authorities to stop or mitigate the impacts of dangerous lithium-ion battery failures known as thermal runaway which can occur during transportation of batteries.
The granting of KULR's third special DoT permit validates the commercial and regulatory viability of its passive propagation resistant (PPR) solution. Previously, in October 2020, the Consumer Product Safety Commission reported KULR's design solutions could stop fires and explosions in lithium-ion battery packs, and provided additional insights on the future of safe battery technology. In 2019, KULR provided NASA with a solution to protect laptop computer battery packs aboard the International Space Station (ISS).
"Damaged, defective, or recalled lithium-ion batteries can present tremendous safety risks to people, property, and the environment if they are improperly handled, stored or disposed of," said Keith Cochran, KULR President & COO. "We live in an increasingly portable and digital society in which we routinely see rechargeable batteries or battery centric products suffer damage or defect which require a recall. We've seen it with children's toys, scooters, laptops, mobile phones, online shopping, and of course electric vehicles. With further adoption of Li-ion technology, we believe there will be an ever-increasing need for KULR's Thermal Runaway Shield (TRS) packaging. Our DDR special permit, along with our recently attained prototype battery special permit and recycling special permit, strategically establishes KULR as an end to end provider of safe battery shipping solutions, no matter the mode of transfer."
The special permit, issued as DOT-SP 21193, was granted on July 23rd, 2021.
Read the full article here.
Your No. 5 Potential KULR Catalyst
KULR Technology Group Announces Battery Solutions Day Event for September 21, 2021
SAN DIEGO, June 23, 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 agenda and registration information for the Company's Inaugural 2021 KULR Battery Solutions Day. The virtual event will be held on Tuesday, September 21, 2021, from 1 p.m. to 2:30 p.m. EDT.
This event is designed to provide a more complete picture of the Company's technology, as well as addressable market opportunities, to both shareholders and customers. KULR plans to announce and exhibit customer demonstrations at the event, in addition to highlighting its suite of products. Over the summer, the Company expects its customers will make their own public announcements of KULR's products ranging from Energy Storage Solutions to Drone Battery Packs to Battery Recycling. Hence Battery Solutions Day provides the ideal platform to demonstrate the Company's products along with showcasing its new developments in battery intelligence software and analytics, and new battery design architecture, to the general public. At the end of the Company's presentation, through an interactive Q&A, participants can engage with a panel of KULR Technology Group executives.
"As product launch announcements continue for the rest of 2021, early Fall will be a great time to geek out with our shareholders on the technology part of our business," said KULR CEO Michael Mo. "KULR's Battery Solutions Day can be a great platform for us to really connect with our core base of shareholders and customers who are enthusiastic about our technologies."
Read the full article here.
KULR Top 5 Potential Catalysts Recap: What To Know
#1. Analyst At Taglich Brothers, Inc. Provides $4.50 Target
#2. Q2 Revenue Reported As Growing Over 200% YoY
#3. Multiple Technical Indicators Triggered As Bullish + A Few Leaning Towards Oversold
#4. Special Permit Granted By The U.S. DoT
#5. Announcement Of Upcoming Battery Solutions Day Event
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