Kaixin Stock In Shambles: Down -83% With 6-Day Losing Streak
Kaixin (KXIN) stock hit day 6 of a continuous streak of days with losses, with cumulative losses over this period amounting to a -83% return. The company has lost about $57164.06048780485 in value over the last 6 days, with its current market capitalization at about $11777.519999999999. The stock remains 79.8% below its value at the end of 2024. This compares with year-to-date returns of 14.5% for the S&P 500.
Kaixin’s recent streak saw its valuation collapse amid pervasive financial distress, marked by near-zero revenue and heavy cash burn. Despite pivots to AI ventures, investor confidence evaporated as delisting threats loomed and a past 1-for-60 reverse stock split failed to stabilize its dire position.
What is the point? Sustained weakness can be more than noise. It often signals shifting sentiment or deeper concerns. A multi-day losing streak may warn of further downside, or present an opportunity to buy if fundamentals are intact.Nevertheless, Stock picking can fail no matter how good the strategy is. High Quality Portfolio turns single-stock insights into a robust market beating portfolio strategy.
For quick background, KXIN provides a China-based e-commerce platform specializing in imported automobiles, facilitating online sales and services since 2015.
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Comparing KXIN Stock Returns With The S&P 500
The following table summarizes the return for KXIN stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | KXIN | S&P 500 |
|---|---|---|
| 1D | -32.5% | -0.1% |
| 6D (Current Streak) | -82.9% | 0.2% |
| 1M (21D) | -51.7% | 1.6% |
| 3M (63D) | -57.0% | 4.4% |
| YTD 2025 | -79.8% | 14.5% |
| 2024 | -97.1% | 23.3% |
| 2023 | -80.0% | 24.2% |
| 2022 | -74.3% | -19.4% |
Gains and Losses Streaks: S&P 500 Constituents
There are currently 31 S&P constituents with 3 days or more of consecutive gains and 77 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 4 | 58 |
| 4D | 8 | 12 |
| 5D | 6 | 7 |
| 6D | 6 | 0 |
| 7D or more | 7 | 0 |
| Total >=3 D | 31 | 77 |
Key Financials for Kaixin (KXIN)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $31.5 Mil | $0 |
| Operating Income | $-21.0 Mil | $-19.1 Mil |
| Net Income | $-53.6 Mil | $-41.0 Mil |
Last 2 Fiscal Quarters:
| Metric | 2019 FQ1 | 2019 FQ2 |
|---|---|---|
| Revenues | $0 | $100.0 Mil |
| Operating Income | $-0.5 Mil | $-6.3 Mil |
| Net Income | $0.7 Mil | $76.8 Mil |
The losing streak KXIN stock is currently on doesn’t inspire much confidence among investors. In contrast, Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.