Takung Art Co. Ltd. (AMEX:TKAT) finished Friday with a subtraction of $0.0 to close at $0.17, a downside of -2.69 percent. An average of 331,040 shares of common stock have been traded in the last five days. There was a fall of -$0.0100 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,838,485 shares traded, while the 50-day average volume stands at 1,102,306.
TKAT stock has decreased by -14.85% in the last month. The company shares reached their 1-month lowest point of $0.1606 on 07/31/23. With the stock rallying to its 52-week high on 02/10/23, shares of the company touched a low of $0.16 and a high of $1.77 in 52 weeks. It has reached a new high 11 times so far this year and lost -69.06% or -$0.3801 in price. In spite of this, the price is down -90.38% from the 52-week high.
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Valuation Metrics
Takung Art Co. Ltd. (TKAT) stock’s beta is 2.66. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.52.
Financial Health
The quick ratio of Takung Art Co. Ltd. for the three months ended September 29 was 7.00, and the current ratio was 7.00, indicating that the company is able to meet its debt obligations. Takung Art Co. Ltd.’s EBITDA margin for the year ending September 29 is -31.02%. Its gross profit as reported stood at $2.62 million compared to revenue of $3.4 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $6.82 million in the quarter, while revenues were grew 204.99%. 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 -$0.3 million. Shareholders own equity worth $34.99 million.
Technical Picture
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 25 August was 33.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.23%.
As of today, TKAT’s price is $0.1750 -5.55% or -$0.0100 from its 5-day moving average. TKAT is currently trading -16.93% lower than its 20-day SMA and -72.54% lower than its 100-day SMA. However, the stock’s current price level is -52.07% below the SMA50 and -77.88% below the SMA200.
The stochastic %K and %D were 13.34% and 9.27%, respectively, and the average true range (ATR) was 0.0230. With the 14-day stochastic at 14.31% and the average true range at 0.0290, the RSI (14) stands at 34.92%. The stock has reached -0.0071 on the 9-day MACD Oscillator while the 14-day reading was at -0.0118.
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.
