In the past week, BKTI stock has gone down by -5.19%, with a monthly gain of 20.72% and a quarterly surge of 96.02%. The volatility ratio for the week is 8.28%, and the volatility levels for the last 30 days are 9.11% for BK Technologies Corp The simple moving average for the last 20 days is 2.91% for BKTI stock, with a simple moving average of 67.15% for the last 200 days.
Is It Worth Investing in BK Technologies Corp (AMEX: BKTI) Right Now?
BK Technologies Corp (AMEX: BKTI) has a price-to-earnings ratio of 33.32x that is above its average ratio. Additionally, the 36-month beta value for BKTI is 1.24. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BKTI is 2.67M and currently, short sellers hold a 0.32% ratio of that float. The average trading volume of BKTI on October 22, 2024 was 45.88K shares.
BKTI) stock’s latest price update
The stock of BK Technologies Corp (AMEX: BKTI) has decreased by -8.61 when compared to last closing price of 27.99. Despite this, the company has experienced a -5.19% fall in its stock price over the last five trading sessions. accesswire.com reported 2024-09-05 that NIFC approval qualifies BKR 9000 multiband radio for purchase by the Department of the Interior for use in wildland fire operations WEST MELBOURNE, FL / ACCESSWIRE / September 5, 2024 / BK Technologies Corporation (NYSE American:BKTI) (the “Company” or “BK Technologies”) today announced that the BKR 9000 multiband radio has been approved by the National Interagency Fire Center (NIFC) National Interagency Incident Communications Division as a fire approved radio for use by all federal employees and personnel under contract with the United States federal government. Designation by the NIFC as a fire approved radio qualifies the BKR 9000 for purchase by the Department of the Interior (DOI) for use in federal wildland fire operations, as well as for use by cooperator aviation radios and forest health protection.
BKTI Trading at 15.77% from the 50-Day Moving Average
After a stumble in the market that brought BKTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.56% of loss for the given period.
Volatility was left at 9.11%, however, over the last 30 days, the volatility rate increased by 8.28%, as shares surge +20.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +87.26% upper at present.
During the last 5 trading sessions, BKTI fell by -5.19%, which changed the moving average for the period of 200-days by +107.97% in comparison to the 20-day moving average, which settled at $24.86. In addition, BK Technologies Corp saw 109.17% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BKTI starting from Horowitz Joshua, who purchase 3,330 shares at the price of $19.86 back on Aug 19 ’24. After this action, Horowitz Joshua now owns 90,000 shares of BK Technologies Corp, valued at $66,126 using the latest closing price.
Horowitz Joshua, the Director of BK Technologies Corp, purchase 1,704 shares at $16.82 during a trade that took place back on Aug 15 ’24, which means that Horowitz Joshua is holding 86,670 shares at $28,665 based on the most recent closing price.
Stock Fundamentals for BKTI
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.35 for the gross margin
The net margin for BK Technologies Corp stands at 0.04. The total capital return value is set at 0.13. Equity return is now at value 13.22, with 5.60 for asset returns.
Based on BK Technologies Corp (BKTI), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 13.57.
Currently, EBITDA for the company is 0.86 million with net debt to EBITDA at 0.43. When we switch over and look at the enterprise to sales, we see a ratio of 1.24. The receivables turnover for the company is 6.49for trailing twelve months and the total asset turnover is 1.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.17.
Conclusion
In conclusion, BK Technologies Corp (BKTI) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
