A History of Outperforming Analyst Forecasts and Beating the Odds: Takung Art Co. Ltd. (TKAT)

Takung Art Co. Ltd. (AMEX: TKAT) stock jumped 23.26% on Friday to $2.12 against a previous-day closing price of $1.72. With 1.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.18 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.1200 whereas the lowest price it dropped to was $1.7300. The 52-week range on TKAT shows that it touched its highest point at $14.85 and its lowest point at $1.55 during that stretch. Beta for the stock currently stands at 2.82.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TKAT was up-trending over the past week, with a rise of 26.95%, but this was up by 18.44% over a month. Three-month performance surged to 8.72% while six-month performance fell -28.86%. The stock lost -66.35% in the past year, while it has lost -47.65% so far this year.

Float and Shares Shorts:

On Jul 14, 2022, short shares totaled 0.45 million, which was 1.82% higher than short shares on Jun 14, 2022. In addition to Mr. Kwok Leung Li as the firm’s Chief Exec. Officer, Mr. Kuangtao Wang serves as its Co-Chief Exec. Officer.

Institutional Ownership:

Through their ownership of 0.93% of TKAT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 37.41% of TKAT, in contrast to 0.75% held by mutual funds. Shares owned by individuals account for 0.14%. As the largest shareholder in TKAT with 0.18% of the stake, Citadel Advisors LLC holds 44,674 shares worth 44,674. A second-largest stockholder of TKAT, Susquehanna Investment Group LLC, holds 43,600 shares, controlling over 0.18% of the firm’s shares. Virtu Financial BD LLC is the third largest shareholder in TKAT, holding 37,033 shares or 0.15% stake. With a 0.14% stake in TKAT, the Bridgeway Ultra Small Company Mar is the largest stakeholder. A total of 35,000 shares are owned by the mutual fund manager. The Grantia Phoenix FI, which owns about 0.00% of TKAT stock, is the second-largest Mutual Fund holder. It holds 0 shares valued at 0.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TKAT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TKAT analysts setting a high price target of $1.00 and a low target of $1.00, the average target price over the next 12 months is $1.00. Based on these targets, TKAT could drop -52.83% to reach the target high and fall by -52.83% to reach the target low. Reaching the average price target will result in a decline of -52.83% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TKAT will report FY 2019 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$0.36 being high and -$0.36 being low. For TKAT, this leads to a yearly average estimate of -$0.36. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.12. The average estimate for the next quarter is thus -$0.12.

Summary of Insider Activity:

Insiders traded TKAT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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