Hitek Global (HKIT) Stock Price, News & Analysis

Company Overview

Hitek Global Inc. provides information technology (IT) consulting and solutions to small and medium businesses in various industry sectors in China. It offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as Internet servers, cameras, and monitors. The company was founded in 1996 and is headquartered in Xiamen, China.

Key Stats

• Today's Range: $1.32 to $1.42
• 50-Day Range: $1.34 to $1.77
• 52-Week Range: $0.54 to $6.48
• Volume: 13,137 shs
• Average Volume: 713,516 shs
• Market Capitalization: $19.71 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Hitek Global Stock Analysis - MarketRank™

Hitek Global scored higher than 25% of companies evaluated by MarketBeat, and ranked 276th out of 342 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Hitek Global.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Hitek Global has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.17% of the float of Hitek Global has been sold short.

Short Interest Ratio / Days to Cover

Hitek Global has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hitek Global has recently decreased by 8.81%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Hitek Global does not currently pay a dividend.

Dividend Growth

Hitek Global does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.17% of the float of Hitek Global has been sold short.

Short Interest Ratio / Days to Cover

Hitek Global has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hitek Global has recently decreased by 8.81%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.62

News Sentiment

Hitek Global has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Hitek Global this week, compared to 0 articles on an average week.

MarketBeat Follows

1 people have added Hitek Global to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Hitek Global insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 1.19% of the stock of Hitek Global is held by institutions.

HKIT Stock Analysis - Frequently Asked Questions

How have HKIT shares performed this year?

Hitek Global's stock was trading at $1.05 on January 1st, 2024. Since then, HKIT stock has increased by 30.5% and is now trading at $1.37.
View the best growth stocks for 2024 here.

When did Hitek Global IPO?

Hitek Global (HKIT) raised $16 million in an initial public offering on Friday, March 31st 2023. The company issued 3,200,000 shares at $5.00 per share.

How do I buy shares of Hitek Global?

Shares of HKIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Hitek Global own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hitek Global investors own include Meta Platforms (META), NVIDIA (NVDA), AMC Entertainment (AMC), Datadog (DDOG), Lucid Group (LCID), MicroStrategy (MSTR) and Palantir Technologies (PLTR).

Company Calendar

• Today: 11/02/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:HKIT
• CUSIP: N/A
• CIK: 1742341
• Web: www.xmhitek.com
• Phone: 86-59-2539-5967
• Fax: N/A
• Employees: 75
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $4.56 million
• Price / Sales: 4.32
• Cash Flow: $0.07 per share
• Price / Cash Flow: 18.41
• Book Value: $1.97 per share
• Price / Book: 0.70

Miscellaneous

• Outstanding Shares: 14,390,000
• Free Float: N/A
• Market Cap: $19.71 million
• Optionable: Not Optionable
• Beta: 1.96