The price-to-earnings ratio for Hitek Global Inc (NASDAQ: HKIT) is above average at 18.68x. The 36-month beta value for HKIT is also noteworthy at 2.11.
The public float for HKIT is 5.77M, and at present, short sellers hold a 2.26% of that float. The average trading volume of HKIT on May 06, 2024 was 2.24M shares.
HKIT) stock’s latest price update
Hitek Global Inc (NASDAQ: HKIT) has experienced a decline in its stock price by -12.26 compared to its previous closing price of 1.55. However, the company has seen a gain of 0.74% in its stock price over the last five trading days. InvestorPlace reported 2024-02-08 that Shares of Hitek Global (NASDAQ: HKIT ) are surging higher today by nearly 300%, although the reasons behind the jump aren’t exactly clear. The company operates as a holding company of several Chinese subsidiaries with a focus on information technology and technical consulting.
HKIT’s Market Performance
Hitek Global Inc (HKIT) has experienced a 0.74% rise in stock performance for the past week, with a -12.82% drop in the past month, and a 114.79% rise in the past quarter. The volatility ratio for the week is 16.72%, and the volatility levels for the past 30 days are at 15.46% for HKIT. The simple moving average for the past 20 days is 3.24% for HKIT’s stock, with a -66.52% simple moving average for the past 200 days.
HKIT Trading at -13.07% from the 50-Day Moving Average
After a stumble in the market that brought HKIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.58% of loss for the given period.
Volatility was left at 15.46%, however, over the last 30 days, the volatility rate increased by 16.72%, as shares sank -14.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.80% lower at present.
During the last 5 trading sessions, HKIT rose by +0.74%, which changed the moving average for the period of 200-days by -73.28% in comparison to the 20-day moving average, which settled at $1.3058. In addition, Hitek Global Inc saw 29.52% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HKIT
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.41 for the gross margin
The net margin for Hitek Global Inc stands at 0.23. The total capital return value is set at 0.0.
Based on Hitek Global Inc (HKIT), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 0.48.
Currently, EBITDA for the company is 0.15 million with net debt to EBITDA at -29.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.88. The receivables turnover for the company is 1.13for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.35.
Conclusion
In summary, Hitek Global Inc (HKIT) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
