Takung Art Co. Ltd. (AMEX:TKAT) saw a downside of -16.11% to close Monday at $0.20 after subtracting -$0.04 on the day. The 5-day average trading volume is 5,648,080 shares of the company’s common stock. It has gained $0.3395 in the past week and touched a new high 3 times within the past 5 days. An average of 2,195,345 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,035,982.
TKAT’s 1-month performance is -35.69% or -$0.1101 on its low of $0.1606 reached on 07/31/23. The company’s shares have touched a 52-week low of $0.16 and high of $2.17, with the stock’s rally to the 52-week high happening on 02/10/23. YTD, TKAT has lost -63.95% or -$0.3520 and has reached a new high 11 times. However, the current price is down -90.86% from the 52-week high price.
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Valuation Metrics
TKAT stock has a beta of 2.60. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.37 while the price-to-book (PB) in the most recent quarter is 0.21, with the price to cash flow ratio at 1.52.
Takung Art Co. Ltd.’s quick ratio for the period ended September 29 was 4.10, with the current ratio over the same period at 4.10. In terms of profitability, the gross margin trailing 12 months is 77.20%. The firm’s gross profit as reported stood at $2.62 million against revenue of $3.4 million.
Earnings Surprise
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -1480.0% to $50000.0, while revenue of -$3.25 million was -6400.0% off 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 $99000.0. TKAT stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 16.72 million, with total debt at $1.75 million. Shareholders hold equity totaling $34.99 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 07 August was 38.99% to suggest the stock is trending Neutral, with historical volatility in this time period at 182.29%.
The stock’s 5-day moving average is $0.1998, reflecting a +9.25% or $0.0168 change from its current price. TKAT is currently trading -36.00% above its 20-day SMA, -68.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -62.92% and SMA200 by-73.19%.
Stochastic %K and %D was 28.32% and 23.73% and the average true range (ATR) pointed at 0.0506. The RSI (14) points at 37.40%, while the 14-day stochastic is at 21.13% with the period’s ATR at 0.0509. The stock’s 9-day MACD Oscillator is pointing at 0.0065 and -0.0143 on the 14-day charts.
Analyst Ratings
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.
