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Hitek Global NasdaqCM:HKIT Stock Report

Last Price

US$1.32

Market Cap

US$18.9m

7D

-9.6%

1Y

-86.8%

Updated

22 May, 2024

Data

Company Financials

HKIT Stock Overview

Provides information technology (IT) consulting and solutions services to small and medium businesses in various industry sectors in China.

HKIT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

Hitek Global Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hitek Global
Historical stock prices
Current Share PriceUS$1.32
52 Week HighUS$39.80
52 Week LowUS$0.54
Beta0
1 Month Change29.41%
3 Month Change-45.45%
1 Year Change-86.79%
3 Year Changen/a
5 Year Changen/a
Change since IPO-76.26%

Recent News & Updates

Hitek Global (NASDAQ:HKIT) Is Reinvesting At Lower Rates Of Return

May 22
Hitek Global (NASDAQ:HKIT) Is Reinvesting At Lower Rates Of Return

Some Hitek Global Inc. (NASDAQ:HKIT) Shareholders Look For Exit As Shares Take 26% Pounding

Mar 29
Some Hitek Global Inc. (NASDAQ:HKIT) Shareholders Look For Exit As Shares Take 26% Pounding

Recent updates

Hitek Global (NASDAQ:HKIT) Is Reinvesting At Lower Rates Of Return

May 22
Hitek Global (NASDAQ:HKIT) Is Reinvesting At Lower Rates Of Return

Some Hitek Global Inc. (NASDAQ:HKIT) Shareholders Look For Exit As Shares Take 26% Pounding

Mar 29
Some Hitek Global Inc. (NASDAQ:HKIT) Shareholders Look For Exit As Shares Take 26% Pounding

Hitek Global Inc.'s (NASDAQ:HKIT) 354% Price Boost Is Out Of Tune With Earnings

Feb 09
Hitek Global Inc.'s (NASDAQ:HKIT) 354% Price Boost Is Out Of Tune With Earnings

Hitek Global Inc.'s (NASDAQ:HKIT) Prospects Need A Boost To Lift Shares

Dec 23
Hitek Global Inc.'s (NASDAQ:HKIT) Prospects Need A Boost To Lift Shares

Hitek Global Inc.'s (NASDAQ:HKIT) Popularity With Investors Under Threat As Stock Sinks 54%

Jul 05
Hitek Global Inc.'s (NASDAQ:HKIT) Popularity With Investors Under Threat As Stock Sinks 54%

Shareholder Returns

HKITUS ITUS Market
7D-9.6%0.3%-0.2%
1Y-86.8%13.0%28.2%

Return vs Industry: HKIT underperformed the US IT industry which returned 11.8% over the past year.

Return vs Market: HKIT underperformed the US Market which returned 27.7% over the past year.

Price Volatility

Is HKIT's price volatile compared to industry and market?
HKIT volatility
HKIT Average Weekly Movement17.9%
IT Industry Average Movement8.5%
Market Average Movement5.9%
10% most volatile stocks in US Market16.0%
10% least volatile stocks in US Market2.8%

Stable Share Price: HKIT's share price has been volatile over the past 3 months.

Volatility Over Time: HKIT's weekly volatility has decreased from 40% to 18% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
199648Xiaoyang Huangwww.xmhitek.com

Hitek Global Inc. provides information technology (IT) consulting and solutions services to small and medium businesses in various industry sectors in China. The company offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and distributes software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as Internet servers, cameras, and monitors. It also sells communication interface system, a software used by petrochemical and coal businesses to collect industrial, electricity, facility pressure, and temperature statistics and convert to readable format for analytical purposes.

Hitek Global Inc. Fundamentals Summary

How do Hitek Global's earnings and revenue compare to its market cap?
HKIT fundamental statistics
Market capUS$18.85m
Earnings (TTM)US$1.05m
Revenue (TTM)US$4.56m

18.1x

P/E Ratio

4.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HKIT income statement (TTM)
RevenueUS$4.56m
Cost of RevenueUS$2.64m
Gross ProfitUS$1.92m
Other ExpensesUS$873.60k
EarningsUS$1.05m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.073
Gross Margin42.10%
Net Profit Margin22.96%
Debt/Equity Ratio9.2%

How did HKIT perform over the long term?

See historical performance and comparison
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