KULR Technology Group, Inc. (KULR) saw its stock soar 19.71% in Thursday's intraday trading session, buoyed by positive analyst action and regaining compliance with a key listing requirement.
The rally was driven by Benchmark's decision to upgrade KULR from Speculative Buy to Buy, while significantly raising the price target from $1 to $5. This bullish move by the research firm reflects optimism around KULR's prospects and future growth potential.
Additionally, KULR announced that it has regained compliance with the New York Stock Exchange American's equity requirement for continued listing. This development removes a potential overhang on the stock and reinforces the company's financial standing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.