How have the shares performed?
Takung Art Co. Ltd. (TKAT) saw an uptrend of 8.24% in the recent trading with $20.50 being its most recent. The current price level -72.34% lower than the highest price of $74.11 marked by the stock while trading over the past 52-weeks, whereas it is 2553.38% higher than the lowest price of $0.77 the company dropped to over past 52-weeks. The latest news story on TKAT appeared in Motley Fool under the title “Why Takung Art Shares Are Falling Today” on Jun-02-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -22.64% below one month high and is +40.12% above of the lowest during that time. Looking into the simple moving average, Takung Art Co. Ltd. (TKAT)’s stock stands at a SMA-50 of $24.37 while that of 5-day is reading $19.85.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and TKAT’s SMA-200 as of now is $9.29.
Takung Art Co. Ltd. Earnings – What Happened With TKAT
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Takung Art Co. Ltd. (TKAT) last released financial results for the quarter that ended 9/29/2018, posting a surprise factor of -560.00% for net revenue. During the reported three-month period, company’s sales were $779.1 million while analysts on average were estimating the same to be $0.3 million.
TKAT – Takung Art Co. Ltd. Stock Earnings Estimates
The perspective of Takung Art Co. Ltd. (AMEX:TKAT)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.05 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.23.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 11.27 million. TKAT does have institutional investors; and they hold 0.40% of the stock.
Takung Art Co. Ltd. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 3 new insider purchases involving 21,000 shares. On the other hand, TKAT declared 8,000 shares have been sold in 2 insider transactions over the past three months.
As on Mar 30, 2021, United Maritime Capital, LLC was the top most holder in Takung Art Co. Ltd. (AMEX:TKAT) with an ownership of 14516.0 shares of the company or 0.12% of the stake worth $0.49 million. The filing also reveals Citadel Advisors LLC as the second largest holder in the company with a control over 0.08% of the outstanding shares. Its stake is worth $0.34 million for having 9859.0 shares in hand.
HRT Financial LLC also came holding a key position in the company during the recent quarter and it now holds 0.08% of the outstanding shares. With this there are now 9 institutions which have possession in TKAT’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Takung Art Co. Ltd. was 1.25 while posting a debt to equity ratio of 0.38. The count was 1.78 for long-term debt to equity ratio.
Takung Art Co. Ltd.’s return on equity, or ROE, is -4.20%, compared to the industry average of 4.33% for Consumer Cyclical – Internet Retail. Although this indicates that TKAT fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Takung Art Co. Ltd. (AMEX:TKAT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Takung Art Co. Ltd. (TKAT), we notice that the stock’s 20-day average volume is at 1,998,865 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 2,165,632 shares. And to end, TKAT’s 100-day average volume is 3,597,580 shares with 100% of the long-term indicators pointing towards Buy for the stock.