At the last check on Friday, Takung Art Co. Ltd.’s (AMEX:TKAT) stock was up $0.06, moving up 30.13 percent to $0.25. The average number of shares traded per day over the past five days has been 4,484,056 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0619 gain in that time frame. In the last twenty days, the average volume was 1,797,919, while in the previous 50 days, it was 874,560.
Since last month, TKAT stock retreated -13.62%. Shares of the company fell to $0.1606 on 07/31/23, the lowest level in the past month. A 52-week high of $2.17 was reached on 02/10/23 after having rallying from a 52-week low of $0.16. Since the beginning of this year, TKAT’s stock price has dropped by -54.49% or -$0.2835, and marked a new high 11 times. However, the stock has declined by -88.46% since its 52-week high.
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Valuation Metrics
The stock’s beta is 2.65. Besides these, the trailing price-to-sales (P/S) ratio of 2.09, the price-to-book (PB) ratio of 0.27, and the price-to-cash flow ratio of 2.31 may also be considered.
Financial Health
In the three months ended September 29, Takung Art Co. Ltd.’s quick ratio stood at 4.10, while its current ratio was 4.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 77.20% percent. Based on annual data, TKAT earned $2.62 million in gross profit and brought in $3.4 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -18.60%. Return on equity (ROE) for the past 12 months was -20.70%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TKAT’s revenue rose 100.0% to $0.29 million during the quarter, while net income inched up to $0.7 million. While analysts expected Takung Art Co. Ltd. to report $0.05 quarterly earnings, the actual figure was -$0.23 per share. During the quarter, the company generated $99000.0 in EBITDA. The liabilities of Takung Art Co. Ltd. were 16.72 million at the end of its most recent quarter ended September 29, and its total debt was $1.75 million. The value of shareholders’ equity is $34.99 million.
Technical Picture
This quick technical analysis looks at Takung Art Co. Ltd.’s (TKAT) price momentum. With a historical volatility rate of 206.89%, the RSI 9-day stood at 57.04% on 03 August.
With respect to its five-day moving average, the current Takung Art Co. Ltd. price is up by +30.20% percent or $0.0619. At present, TKAT shares trade -13.48% below its 20-day simple moving average and -53.98% percent below its 100-day simple moving average. However, the stock is currently trading approximately -51.03% below its SMA50 and -63.93% below its SMA200.
Stochastic coefficient K was 32.21% and Stochastic coefficient D was 20.23%, while ATR was 0.0511. Given the Stochastic reading of 59.42% for the 14-day period, the RSI (14) reading has been calculated as 48.96%.
Analyst Ratings
Takung Art Co. Ltd. (TKAT) has been rated – by analysts. According to 0 brokerage firms, TKAT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Takung Art Co. Ltd. stock as buy, with 0 recommending it as overweight.
With a median target price of $1.00, the current consensus forecast for the stock is $1.00 – $1.00. Based on these forecasts, analysts predict Takung Art Co. Ltd. (TKAT) will achieve an average price target of $1.00.
