Hitek Global Inc (NASDAQ: HKIT) stock jumped 6.78% on Monday to $1.26 against a previous-day closing price of $1.18. With 56370.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.83 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.3000 whereas the lowest price it dropped to was $1.1600. The 52-week range on HKIT shows that it touched its highest point at $39.80 and its lowest point at $1.07 during that stretch.
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 HKIT was up-trending over the past week, with a rise of 14.98%, but this was down by -21.74% over a month. Three-month performance dropped to -95.47% while six-month performance fell -87.34%.
Float and Shares Shorts:
On Oct 30, 2023, short shares totaled 18600.0, which was 0.13% higher than short shares on Sep 28, 2023. In addition to Ms. Xiaoyang Huang as the firm’s CEO & Director, Ms. Tianyu Xia serves as its Chief Financial Officer.
Through their ownership of 0.71% of HKIT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.66% of HKIT, in contrast to 0.20% held by mutual funds. As the largest shareholder in HKIT with 0.34% of the stake, Citadel Securities LLC holds 50,423 shares worth 50,423. A second-largest stockholder of HKIT, HRT Financial LLC, holds 29,433 shares, controlling over 0.20% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in HKIT, holding 15,178 shares or 0.10% stake. With a 0.10% stake in HKIT, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 15,178 shares are owned by the mutual fund manager. The Invesco Golden Dragon China ETF, which owns about 0.09% of HKIT stock, is the second-largest Mutual Fund holder. It holds 14,127 shares valued at 18224.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HKIT 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.