(KULR) Is A NYSE American Past Champ Sporting Several Triggered Technicals + Recent Catalyst News
KULR Receives "100% BUY" Recommendation In Short And Long Term From Barchart
Approximately 51% in 3 weeks? That's what happened the last time I alerted this profile.
Opening on May 27th at $2.10, this NYSE American idea surged to a high of $3.19 over the next few weeks.
With that $1.00+ move, it became just another one of my major 2021 champs.
And, if you were following us over the past week plus, you saw two more Nasdaq profiles run approximately $1.00+ and $3.00+, respectively.
But that was then, and this is now, and, I have a question for you...
What do you know about space travel? You know... Space: the final frontier.
Growing up, space always seemed so close because of what you were able to see on TV and the movie screen.
Though, when the shiny fantasy of your Star Wars and Star Trek type entertainment wore off, it would be easy to admit to yourself that you’re probably never going to leave Earth.
That said, here we are and commercial space travel is on the horizon.
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)
For these reasons and more, there is one company you need to get on your radar 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 huge news this week, KULR needs to be your immediate focus now. Check it out:
You No. 1 Potential KULR Catalyst
KULR Technology Group Receives Special Permit from the U.S. Department of Transportation Authorizing Transport of Prototype Lithium Cells and Batteries for Commerce
Permit is the second issuance for the Company in less than a month as it captures additional shipping logistics channels within the battery transportation market
SAN DIEGO, CA / ACCESSWIRE / June 17, 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 from the U.S. Department of Transportation (DoT) authorizing the transport of prototype lithium cells and batteries aboard cargo aircrafts. Prototype lithium batteries are only authorized to be transported on cargo carrying aircrafts to, from or within the US when approved by DOT. The special permit authorizes the manufacture, mark, sale and use of KULR's specially designed packaging for the transportation of prototype lithium cells and batteries, and prototype lithium cells and batteries contained in or packed with equipment.
The granting of KULR's permit marks an important development for the Company as it continues to secure logistical partners for air, maritime, and ground cargo transportation of lithium batteries. As battery technology continues to develop, and even safer designs are developed, the ability for manufacturers to ship prototype cells and batteries by air is critical to support continued battery innovation, safety, and performance research, particularly since the reliance on lithium batteries as an energy source continues to grow exponentially. The ability to develop and access new cell and battery architectures and configurations is severely constrained if prototype lithium battery cells cannot arrive at their required end destination in an expeditious manner.
The granting of KULR's second permit validates the commercial and regulatory viability of its passive propagation resistant (PPR) solution. 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.
"When transporting prototype batteries aboard cargo aircrafts, it is critical to ensure the highest level of safety," remarked Keith Cochran, KULR President and COO. "Lithium batteries can present significant hazards if they are not properly shipped in packages that afford a high level of safety and the ability to contain potential hazard (e.g., excessive heat and fire). KULR's packaging was approved by the US DoT based on its ability to contain potential hazards in the unlikely event that a cell or battery would experience a thermal event. KULR's newly issued special permit allows customers to safely ship prototype batteries that are necessary to advance innovation and contribute to the development of alternative green energy sources. KULR is using its technology to enhance safety and contribute to a greener environment."
The permit, issued as DOT-SP 21167, was granted on June 14th, 2021.
Read the full article here.
Your No. 2 Potential KULR Catalyst
Recently, the brokerage firm, Taglich Brothers, Inc., upgraded their price target on KULR to $4.50.
From Wednesday's closing valuation of $2.49, that provides this NYSE American profile with upside potential of approximately 80%.
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. 3 Potential KULR Catalyst
As of close Wednesday, KULR was displaying a multitude of triggered technical indicators on Barchart. Check these out:
Short Term Indicators
- 20 Day Moving Average
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 Day Moving Average
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day MACD Oscillator
Could these triggered technicals be signaling a potential vertical surge for KULR in the near future?
Additionally, Barchart is reporting a "100% BUY" in both the short term and long term based on each's 4 triggered technicals I mentioned above.
Your No. 4 Potential KULR Catalyst
KULR Technology Group Announces Sponsorship of Marco Andretti in the 105th Running of the Indianapolis 500 on Sunday, May 30th, 2021
SAN DIEGO, May 25, 2021 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KULR) (the "Company" or "KULR"), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced it will serve as a sponsor of Marco Andretti in the 105th Running of the Indianapolis 500 this Sunday, May 30, 2021. Piloted by Marco Andretti, the No. 98 Honda represents a partnership between Andretti Herta-Haupert Autosport with Marco Andretti and Curb-Agajanian. As a corporate sponsor, the KULR logo will be featured on the side tire ramp of the race car.
KULR Technology Group Inc. develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Earlier this year KULR became the official thermal management and battery safety technical partner for Andretti Technologies, the advanced technology arm of racing enterprise Andretti Autosport. The alliance establishes a thermal management testing and design platform for high-performance battery solutions with the highest safety ratings adapted to the technical requirements of Andretti’s racing enterprise.
"Excited to have KULR expand to our INDYCAR family for this year’s Indy 500,” said Marissa Andretti, Vice President, Andretti Autosport. "We already collaborate together on other motorsports projects, and we are both huge proponents of highlighting technical excellence, racing safety, and team building. I'm excited to see what we can accomplish together – both on and off the track."
"The Andretti name represents the pinnacle of racing achievement in the NTT INDYCAR SERIES," said Michael Mo, CEO, KULR Technology Group. "KULR is honored to be associated with the heritage and legacy Andretti Autosport maintains in the world of high-performance racing."
In April 2021, KULR became official thermal management and battery safety provider for Andretti United Extreme E, the combination of U.S.-based Andretti Autosport and England’s United Autosports, for Extreme E, the new all-electric off-road global racing series.
Read the full article here.
Your No. 5 Potential KULR Catalyst
KULR Technology Group Inc. Reports First Quarter Results and Announces Shareholder Update Call
SAN DIEGO, CA / ACCESSWIRE / May 21, 2021 /KULR Technology Group, Inc. (OTCQB: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 first quarter ended March 31, 2021.
KULR's Q1 revenue increased by 439% year-over-year as we continue to make significant investments in all areas of our business to sustain and expand in 2021 and beyond. We are pleased to announce the Company recently raised $6.5Mn in capital on May 20, 2021. Our belief is that this investment validates the value our new investors see in KULR's ability to commercialize within additional e-mobility markets. This funding is expected to significantly strengthen the Company's balance sheet and further advance KULR's up listing process to a senior U.S. exchange.
KULR's business model continues to evolve as the Company focuses on near-term commercialization opportunities for its technology in the energy storage, electrical transportation, and battery transportation markets. We recently announced our first new smart battery product for the commercial drone market. This is the opening step of KULR's overall strategy to target adjacent markets complimentary to our established battery safety and thermal management products to expand into additional e-mobility markets in 2021. Additionally, we have targeted using our carbon fiber technology inside battery cells to make lighter and safer batteries with fast charge capability.
First Quarter 2021 and Recent Operational Highlights
In April 2021, KULR announced the June 2021 launch of a new product line of high-capacity lithium battery packs targeting the $127Bn commercial drone market, according to PricewaterhouseCoopers. The Company recently secured a global commercial drone manufacturer as a customer and expects to secure additional customers in the second half of 2021.
In March 2021, Keith Cochran joined KULR as President and COO. Mr. Cochran was previously SVP of Global Business Unit at Jabil where he was responsible for the $3.7Bn smartphone business and managing over 65,000 employees in US and Asia. Keith brings over 25 years of experience in business operations, supply chain management and large-scale manufacturing automations.
KULR became the official thermal management and battery safety technical partner for Andretti Technologies, the advanced technology arm of Andretti Autosport, founded by Michael Andretti. As part of the alliance, KULR will establish a thermal management testing and design platform for high performance battery solutions with the highest safety ratings specially adapted to the rigorous technical requirements of Andretti's global racing enterprise. Both partners will also focus on co-developing and co-marketing motorsports' battery and safety technologies to automotive partners for mass market EV applications.
KULR strengthened its Board by the appointments of Joanna D. Massey and Morio Kurosaki as directors, contingent upon the Company's common stock being approved for up listing to a senior national exchange and expect their involvement to strengthen our corporate governance and strategic direction.
In April 2021, KULR announced former Jabil Operations Manager, Antonio Martinez, as new Vice President of Operations. Mr. Martinez will be responsible for managing day-to-day operations of the Company's manufacturing department as well as supporting strategic growth goals. Mr. Martinez joins KULR with over 37 years of leadership and worldwide manufacturing experience in Electronics Manufacturing and Operations.
KULR announced it was expanding its manufacturing presence to a new, larger facility in San Diego, CA to accommodate continued business growth.
Read the full article here.
KULR Top 5 Potential Catalysts Recap: What To Know
#1. Receiving Of Special Permit From The US DoT
#2. Analyst $4.50 Price Target
#3. Multiple Bullish Technicals
#4. Announcing Sponsorship Of Marco Andretti
#5. First Quarter Results And Corporate Update
Coverage is officially reinitiated on KULR. Now, if you didn't receive KULR when I alerted it last month, here's why. You weren't signed up to my SMS system. Here are the directions: