Hitek Global Ordinary Stock Today

HKIT Stock   1.29  0.03  2.27%   

Performance

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Odds Of Distress

Less than 24

 
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Low
Hitek Global is selling for under 1.29 as of the 21st of November 2024; that is 2.27 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 1.27. Hitek Global has about a 24 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Hitek Global Ordinary are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
31st of March 2023
Category
Technology
Classification
Information Technology
Hitek Global is entity of United States. It is traded as Stock on NASDAQ exchange. The company has 21.11 M outstanding shares of which 18.01 K shares are currently shorted by private and institutional investors with about 0.56 trading days to cover. More on Hitek Global Ordinary

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Hitek Stock Highlights

CEO DirectorXiaoyang Huang
Business ConcentrationApplication Software, Software - Application, Information Technology, NASDAQ Composite, Information Technology, Software, Software-Application, Technology (View all Sectors)
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.02750.0289
Notably Down
Very volatile
Asset Turnover0.120.126
Sufficiently Down
Slightly volatile
Gross Profit Margin0.40.421
Notably Down
Slightly volatile
Total Current Liabilities2.9 M3.4 M
Fairly Down
Slightly volatile
Non Current Liabilities Total4.7 M4.5 M
Sufficiently Up
Slightly volatile
Total Assets18.4 M36.2 M
Way Down
Slightly volatile
Total Current Assets12.8 M24.8 M
Way Down
Slightly volatile
Debt Levels
Hitek Global can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hitek Global's financial leverage. It provides some insight into what part of Hitek Global's total assets is financed by creditors.
Liquidity
Hitek Global Ordinary currently holds 2.61 M in liabilities. Note, when we think about Hitek Global's use of debt, we should always consider it together with its cash and equity.

Depreciation

51,137.55
Hitek Global Ordinary (HKIT) is traded on NASDAQ Exchange in USA. It is located in No. 30 Guanri Road, Xiamen City, China and employs 48 people. Hitek Global is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 38.68 M. Hitek Global Ordinary conducts business under Software sector and is part of Information Technology industry. The entity has 21.11 M outstanding shares of which 18.01 K shares are currently shorted by private and institutional investors with about 0.56 trading days to cover. Hitek Global generates positive cash flow from operations, but has no cash available
Check Hitek Global Probability Of Bankruptcy
Ownership Allocation
Hitek Global Ordinary has a total of 21.11 Million outstanding shares. Hitek Global secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Hitek Ownership Details

Hitek Global Historical Income Statement

At this time, Hitek Global's Net Income is comparatively stable compared to the past year. Research Development is likely to gain to about 40.7 K in 2024, whereas Interest Expense is likely to drop slightly above 160.3 K in 2024. View More Fundamentals

Hitek Stock Against Markets

Additional Tools for Hitek Stock Analysis

When running Hitek Global's price analysis, check to measure Hitek Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hitek Global is operating at the current time. Most of Hitek Global's value examination focuses on studying past and present price action to predict the probability of Hitek Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitek Global's price. Additionally, you may evaluate how the addition of Hitek Global to your portfolios can decrease your overall portfolio volatility.