Kaixin (NASDAQ:KXIN) Stock Price Up 5% – Should You Buy?

Kaixin Holdings (NASDAQ:KXIN) shares rose 5% during mid-day trading on Friday . The company traded as high as $6.35 and last traded at $6.31. Approximately 447,045 shares were traded during trading, an increase of 10% from the average daily volume of 404,944 shares. The stock had previously closed at $6.01.

Wall Street Analysts Forecast Growth

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

Kaixin Trading Up 5.0%

The company has a fifty day moving average of $5.63 and a two-hundred day moving average of $81.62.

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

About Kaixin

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.