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In a challenging market environment, Kaixin Auto Holdings (KXIN) stock has recorded a new 52-week low, dipping to $1.20, with concerning financial metrics revealed by InvestingPro data showing negative EBITDA of -$43.05M and an alarming current ratio of 0.26. The automotive dealership company has faced significant headwinds over the past year, reflected in a steep 1-year change with a decline of -91.57%. The company’s gross profit margin stands at -182.25%, with revenue declining by -81.46% in the last twelve months. The current price level marks a critical juncture for KXIN, as stakeholders consider the company’s future prospects and potential for recovery from this low point. InvestingPro subscribers can access 14 additional key insights about KXIN’s financial health and valuation metrics to make more informed investment decisions.
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