Strong Start to 2022 and a Discounted Price Make This Small NYSE Stock Cooler Than Others

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Wednesday, July 13, 2022

Warren Buffett famously warned about being fearful when others were greedy and vice-versa. In that lane, the Oracle of Omaha surely was waving a caution sign when tech stocks were riding the momentum to record highs late in 2021. Most all have suffered since that time, some more than others and some that didn’t deserve it. As such, now many in the investment community are fearful, so Mr. Buffett is surely on the lookout.

Amidst the 8-month skid that has cost the NASDAQ 30% of its value, KULR Technology Group, Inc. (NYSE American: KULR) slid 58%, a precipitous fall unaccompanied by any fundamental changes in the company. In fact, KULR has had a strong 2022 on the corporate development front after ending 2021 with a multi-million-dollar order from Volta Energy Partners.

From its headquarters in San Diego, KULR develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. The company has developed many of its products in collaboration with NASA and some of the world’s biggest aerospace companies and in recent years has branched out into commercial applications while continuing to grow its legacy business.

KULR products have gone were very few can ever say theirs went, including on the latest trip to Mars and several journeys to the International Space Station.

News flow has been steady including starting out in January with the release of a passive propagation resistant (PPR) solution in its KULR-Tech Safe Case product family for maritime lithium-ion battery safety.

That was followed in March by three new contracts with U.S. Department of Defense prime contractors implementing KULR carbon fiber cathode solution for high power magnetic and other covert pulse weaponry initiatives. By month’s end, another contract was reported, this one a battery safety contract with NASA to test its lithium-ion cells going into future battery packs designed for the Artemis Program, a series of U.S.-led international human spaceflight programs.

In May, KULR was shipping prototypes of a core component in the sensing of electrical nerve signals to a multinational technology conglomerate looking to control navigation through virtual environments in the Metaverse. The manufacturing giant picked KULR technology due to its superior thermal and electrical qualities, as well as its comfort on the skin.

June was a busy month as KULR was selected to join the Russell® Microcap Index, received a follow-on order for its space-developed phase change material heat sink technology from leading aerospace and defense company Lockheed Martin Corporation (NYSE: LMT), and partnered with Taiwan’s E-One Moli Energy Corporation, a Tier 1 supplier of high-power cylindrical cell in the lithium-ion battery industry, to design and build battery applications with the highest safety ratings.

All that and shares have slid. Thing is, that after hitting a 52-week low at $1.18 on May 12, the stock made a quick double bottom at $1.20 on May 25 and has started to climb since. Shares have made higher highs at $1.75 on June 2 and then $1.84 on June 29 while making higher lows on each pullback, the definition of a new uptrend.

Shares of KULR have now crossed back above their 50-day moving average and are holding at $1.51 as of Wednesday’s close. If they’re ready to make the next leg up, keep the next higher low, and maintain over the 50 DMA, now is the time to have an eye on KULR.

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KULR Technology Group, Inc. (NYSE American: KULR) Full Corporate Write-Up: Click Here.

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