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.
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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 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.
Institutional Ownership:
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.
Analysts Ratings:
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.
