Hitek Global Ordinary Stock Price on December 31, 2023
| HKIT Stock | 1.40 0.03 2.19% |
If you're considering investing in Hitek Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hitek Global stands at 1.40, as last reported on the 27th of September, with the highest price reaching 1.42 and the lowest price hitting 1.38 during the day. Hitek Global is out of control given 3 months investment horizon. Hitek Global Ordinary holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 3.91% are justified by taking the suggested risk. Use Hitek Global Ordinary Risk Adjusted Performance of (0.04), market risk adjusted performance of (0.20), and Standard Deviation of 4.85 to evaluate company specific risk that cannot be diversified away.
At this time, Hitek Global's Total Stockholder Equity is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 17.6 M in 2024, whereas Common Stock is likely to drop 1,262 in 2024. . Price To Sales Ratio is likely to drop to 2.90 in 2024. Price Earnings Ratio is likely to drop to 12.62 in 2024. Hitek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hitek |
Sharpe Ratio = 0.116
| Best Portfolio | Best Equity | HKIT | ||
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Estimated Market Risk
| 33.74 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.91 actual daily | 78 78% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Hitek Global is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hitek Global by adding it to a well-diversified portfolio.
Price Book 1.4165 | Enterprise Value Ebitda 12.5374 | Price Sales 8.7955 | Shares Float 10.2 M | Earnings Share 0.08 |
Hitek Global Valuation on December 31, 2023
It is possible to determine the worth of Hitek Global on a given historical date. On December 31, 2023 Hitek was worth 1.15 at the beginning of the trading date compared to the closed value of 1.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hitek Global stock. Still, in general, we apply an absolute valuation method to find Hitek Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hitek Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hitek Global's related companies.
| Open | High | Low | Close | Volume | |
| 1.06 | 1.15 | 1.06 | 1.12 | 128,400 | |
12/29/2023 | 1.15 | 1.15 | 1.03 | 1.05 | 92,200 |
| 1.08 | 1.08 | 1.02 | 1.04 | 67,500 |
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Hitek Global Trading Date Momentum on December 31, 2023
| On January 02 2024 Hitek Global Ordinary was traded for 1.04 at the closing time. The top price for the day was 1.08 and the lowest listed price was 1.02 . The trading volume for the day was 67.5 K. The trading history from January 2, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.95% . The trading delta at closing time against the current closing price is 20.00% . |
Hitek Global Ordinary Fundamentals Correlations and Trends
By evaluating Hitek Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hitek Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hitek financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hitek Global Stock history
Hitek Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hitek is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hitek Global Ordinary will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hitek Global stock prices may prove useful in developing a viable investing in Hitek Global
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 13.3 M | 11.5 M | |
| Net Income Applicable To Common Shares | 1.5 M | 1.6 M |
Hitek Global Quarterly Net Working Capital |
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Hitek Global Stock Technical Analysis
Hitek Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Hitek Global Period Price Range
Low | September 27, 2024
| High |
0.00 | 0.00 |
Hitek Global Ordinary cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Hitek Global September 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Hitek Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hitek Global shares will generate the highest return on investment. By undertsting and applying Hitek Global stock market strength indicators, traders can identify Hitek Global Ordinary entry and exit signals to maximize returns
Hitek Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hitek Global's price direction in advance. Along with the technical and fundamental analysis of Hitek Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hitek to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (0.21) |
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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.