Fulcrum Capital LLC recently announced the acquisition of new stake in Know Labs Inc. (AMEX:KNW). This fresh investment now brings its stake to 0.45% valued currently at $0.35 million. In addition, Corrado Advisors LLC raised its holdings by 0.21 million to 0.21 million shares.
With over 0.1 million Know Labs Inc. (KNW) shares trading Monday and a closing price of $1.31 on the day, the dollar volume was approximately $0.13 million. The shares have shown a negative half year performance of -38.79% and its price on 01/23/23 gained nearly 1.55%. Currently, there are 44.38M common shares owned by the public and among those 36.92M shares have been available to trade.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for KNW have a consensus price objective of $7.00. The analysts have set the share’s price value over the next 12 months at a high of $7.00 and a low of $7.00. The average price target is 81.29% above its recent price level and an upside to the estimated low will see the stock gain 81.29% over that period. But an upside of 81.29% will see the stock hit the forecast high price target while median target price for the stock is $7.00.
Insiders at the company have transacted a total of 18 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 37,920 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 74,000 shares.
The top 3 mutual fund holders in Know Labs Inc. are Soprarno – Relative Value, Dimensional Funds Plc – World All, and Beresford Funds ICAV – Indexed Wo. Soprarno – Relative Value owns 0.17 million shares of the company’s stock, all valued at over $0.26 million. The company bought an additional 0.17 million shares recently to bring their total holdings to about 0.34% of the shares outstanding. Dimensional Funds Plc – World All bought 3157.0 shares to see its total holdings expand to 31507.0 shares valued at over $50411.0 and representing 0.07% of the shares outstanding. Beresford Funds ICAV – Indexed Wo bought 1375.0 shares to bring its total holdings to over 1375.0 shares at a value of $2200.0. Beresford Funds ICAV – Indexed Wo now owns shares totaling to 0.00% of the shares outstanding.
Shares of Know Labs Inc. (AMEX: KNW) opened at $1.30, up $0.01 from a prior closing price of $1.29. However, the script later moved the day high at 1.3799, up 1.55%. The company’s stock has a 5-day price change of 0.77% and -18.63% over the past three months. KNW shares are trading -18.13% year to date (YTD), with the 12-month market performance down to -12.08% lower. It has a 12-month low price of $0.92 and touched a high of $4.00 over the same period. KNW has an average intraday trading volume of 101.28K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.13%, -10.31%, and -27.25% respectively.
Institutional ownership of Know Labs Inc. (AMEX: KNW) shares accounts for 1.80% of the company’s 44.38M shares outstanding. Mutual fund holders own 1.76%, while other institutional holders and individual stakeholders account for 18.00% and 0.41% respectively.
It has a market capitalization of $64.58M and a beta (3y monthly) value of 2.09. The earnings-per-share (ttm) stands at -$0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.76% over the week and 9.23% over the month.
Analysts forecast that Know Labs Inc. (KNW) will achieve an EPS of $0 for the current quarter, -$0.02 for the next quarter and -$0.09 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 42.40%, and -44.40% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Know Labs Inc. (KNW) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
