Takung Art Co. Ltd. (AMEX:TKAT) trading with an addition of $0.26 to $8.05 on Thursday, an upside of 3.37 percent. An average of 1,147,370 shares of common stock have been traded in the last five days. There was a gain of $0.99 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,059,698 shares traded, while the 50-day average volume stands at 6,791,643.
TKAT stock has decreased by -10.87% in the last month. The company shares reached their 1-month lowest point of $6.85 on 10/08/21. With the stock rallying to its 52-week high on 03/23/21, shares of the company touched a low of $0.90 and a high of $74.11 in 52 weeks. It has reached a new high 14 times so far this year and achieved 426.35% or $6.62 in price. In spite of this, the price is down -89.13% from the 52-week high.
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133 days have passed since Takung Art Co. Ltd. (TKAT) last reported insider trading activity. XIAO JIANGPING, who is Director, most recently acquired $8,000 shares at $19.08 per share on Jun 03.
Takung Art Co. Ltd. (TKAT) has a trailing price-to-earnings (P/E) ratio of 21.00 for the broader industry and 31.25 for the sector. In the last five years, Takung Art Co. Ltd.’s PE ratio has ranged between 17.54 and 4.894. The stock’s beta is 3.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 27.37, the price-to-book (PB) ratio at 18.12, and the price-to-cash flow ratio at 16.99.
The quick ratio of Takung Art Co. Ltd. for the three months ended September 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.40 for the quarter ending September 29. On the profitability front, the trailing 12-month gross margin is 56.40% against a 5-year average of 69.1%. Takung Art Co. Ltd.’s EBITDA margin for the year ending September 29 is -24.22%. Its gross profit as reported stood at $2.28 million compared to revenue of $4.57 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Takung Art Co. Ltd.’s return on assets was -27.00%, compared to -4.4% over the last five years. In the past year, the return on investment has been -20.20%, and the 5-year average is -8.1%. Meanwhile, the return on equity (ROE) for the past 12 months has been -137.90% and the 5-year average holds at -14.8%. For the broader industry, ROE averaged 10.33 over the past year.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$7.23 million in the quarter, while revenues of -$0.57 million were grew 99.86%. The analyst consensus anticipated Takung Art Co. Ltd.’s latest quarter earnings to come in at $0.05 per share, but it turned out to be -$0.23, a -560.00% surprise. For the quarter, EBITDA amounted to -$7.39 million. Shareholders own equity worth $11.67 million.
From a technical analysis perspective, let’s take a brief look at Takung Art Co. Ltd. (TKAT) price momentum. RSI 9-day as of the close on 13 October was 59.36%, suggesting the stock is Neutral, with historical volatility in this time frame at 67.58%.
As of today, TKAT’s price is $7.50 +13.86% or $0.99 from its 5-day moving average. TKAT is currently trading -13.70% lower than its 20-day SMA and -49.56% lower than its 100-day SMA. However, the stock’s current price level is +24.73% above the SMA50 and +399.70% above the SMA200.
The stochastic %K and %D were 58.76% and 40.01%, respectively, and the average true range (ATR) was 0.77. With the 14-day stochastic at 68.41% and the average true range at 0.91, the RSI (14) stands at 52.74%. The stock has reached 0.49 on the 9-day MACD Oscillator while the 14-day reading was at 0.41.
The consensus rating for Takung Art Co. Ltd. (TKAT) among analysts is -. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TKAT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is TKAT’s price target for the next 12 months?
Analysts predict a range of price targets between $1.00 and $1.00, with a median target of $1.00. Taking a look at these predictions, the average price target given by analysts for Takung Art Co. Ltd. (TKAT) stock is $1.00.