Takung Art Co. Ltd. (AMEX:TKAT) saw an upside of 6.93% to close Tuesday at $7.56 after adding $0.49 on the day. The 5-day average trading volume is 1,003,580 shares of the company’s common stock. It has gained $7.75 in the past week. An average of 1,108,235 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,875,022.
TKAT’s 1-month performance is -18.71% or -$1.43 on its low of $6.85 reached on 10/08/21. The company’s shares have touched a 52-week low of $0.90 and high of $74.11, with the stock’s rally to the 52-week high happening on 03/23/21. YTD, TKAT has achieved 410.81% or $6.08. However, the current price is down -89.80%% from the 52-week high price.
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On Jun 03, 132 days have gone by since the last insider trading activity for Takung Art Co. Ltd. (TKAT). XIAO JIANGPING (Director) most recently sold 8,000 shares at $19.08 per share on Jun 03. This transaction cost the insider $152,625.
Takung Art Co. Ltd. (TKAT) has a trailing price-to-earnings (P/E) ratio of 21.00 for the broader industry and 30.86 for the sector. The company’s PE ratio for the last five years has touched a high of 17.54 and a low of 4.894. TKAT stock has a beta of 3.29. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 26.56 while the price-to-book (PB) in the most recent quarter is 17.58, with the price to cash flow ratio at 16.49.
Takung Art Co. Ltd.’s quick ratio for the period ended September 29 was 1.10, with the current ratio over the same period at 1.10 meaning that TKAT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.00, while the total debt to equity was 0.40. In terms of profitability, the gross margin trailing 12 months is 56.40%. The trailing 12-month EBITDA margin is -24.22%. The firm’s gross profit as reported stood at $2.28 million against revenue of $4.57 million.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected TKAT to announce $0.05 per share in earnings in its latest quarter, but it posted -$0.23, representing a -560.00% surprise. EBITDA for the quarter stood at more than -$7.39 million. TKAT stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 29.64 million, with total debt at $8.56 million. Shareholders hold equity totaling $11.67 million
Let’s look briefly at Takung Art Co. Ltd. (TKAT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 50.12% to suggest the stock is trending Neutral, with historical volatility in this time period at 65.25%.
The stock’s 5-day moving average is $7.20, reflecting a +6.63% or $0.47 change from its current price. TKAT is currently trading -13.50% above its 20-day SMA, -62.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -6.20% and +327.12% respectively.
Stochastic %K and %D was 21.16% and 14.91% and the average true range (ATR) pointed at 0.77. The RSI (14) points at 47.60%, while the 14-day stochastic is at 43.03% with the period’s ATR at 0.94. The stock’s 9-day MACD Oscillator is pointing at -0.04 and -0.19 on the 14-day charts.
What is TKAT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.00 and a high of $1.00, with their median price target at $1.00. Looking at these predictions, the average price target given by analysts is for Takung Art Co. Ltd. (TKAT) stock is $1.00.