KNDI: Yup, a crap shoot (or anything else you'd want to call it other than investment grade), but could take off on speculation or a new contract for another big city. Lots of those in China? Yes!
Doesn't sound like a high quality vehicle, more like a car exterior on top of a 4-wheeler or golf cart frame. Also doesn't have a long driving range on a single battery charge, so good for a local intra-city transport vehicle (a.k.a. zipcar-ish). I think the biggest part of their business is the basic 4-wheeler, but I haven't looked too deeply at it.
'Tis slightly "profitable", but wouldn't qualify as a low P/E "value microcap". Still, it could gain momentum in a hurry with a new contract, as China wants to clean up some of its polluted air. This is all positive conjecture, but then I'm biased (Mostly cuz I own some).
Note the big volume/price spike in June as price doubled, but drifted back into the fours, but avg volume has remained above what it was prior the big June pop; so it seems to have gained some investor interest. I've been watching it closely and seeing some high volatility days, but seems stable lately, that is, NOT on a major downtrend at least. Maybe it will be nothing more than a nice pop and drop stock, just moving when it gets another big contract. If so, sell the news and buy back again after the dust settles.
Regards, 'peeker
ps> Probably a slightly better ride than kozuh's elevator.
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