Kaixin (NASDAQ:KXIN) Issues Quarterly Earnings Results

Kaixin (NASDAQ:KXIN) issued its earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, FiscalAI reports. The company had revenue of $0.33 million for the quarter.

Kaixin Stock Performance

KXIN opened at $1.75 on Friday. The stock has a fifty day moving average of $4.03 and a 200-day moving average of $4.93. Kaixin has a 12-month low of $0.54 and a 12-month high of $832.50.

Analysts Set New Price Targets

Several research firms have recently weighed in on KXIN. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaixin in a research note on Friday, July 17th. Wall Street Zen lowered shares of Kaixin to a “strong sell” rating in a research note on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.