BK Technologies Corporation (AMEX:BKTI) shares fell to a low of $3.10 before closing at $3.26. Intraday shares traded counted 1.85 million, which was -3972.66% lower than its 30-day average trading volume of 45.31K. BKTI’s previous close was $3.30 while the outstanding shares total 12.52M. The firm has a beta of 1.32, a 12-month trailing P/E ratio of 56.21, and a growth ratio of 2.50. The stock’s Relative Strength Index (RSI) is 29.59, with weekly volatility at 7.82% and ATR at 0.26. The BKTI stock’s 52-week price range has touched low of $2.54 and a $5.50 high. The stock traded lower over the last trading session, losing -1.21% on 06/07/21.
Investors have identified the Communication Equipment company BK Technologies Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $49.49 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
BK Technologies Corporation (BKTI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For BKTI, the company has in raw cash 6.36 million on their books with 0.8 million currently as liabilities. How the trend is over time is what investors should be concerned about. In terms of their assets, the company currently has 23.26 million total, with 10.02 million as their total liabilities.
BKTI were able to record -0.99 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by -0.46 million. In cash movements, the company had a total of 39000.0 as operating cash flow.
Potential earnings growth for BK Technologies Corporation (BKTI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, BK Technologies Corporation recorded a total of 8.56 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -27.15% coming in sequential stages and their sales for the 08/11/2021 quarter reducing by -23.23%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 5.47 million trying to sell their products during the last quarter, with the result yielding a gross income of 3.1 million. This allows shareholders to hold on to 12.52M with the recently reported earning now reading -0.06 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021.
Is the stock of BKTI attractive?
In related news, Director, Fundamental Global Investors, bought 400 shares of the company’s stock in a transaction that recorded on Sep 11. The purchase was performed at an average price of 3.12, for a total value of 1,250. As the purchase deal closes, the Director, Fundamental Global Investors, now bought 899 shares of the company’s stock, valued at 2,854. Also, Director, Fundamental Global Investors, bought 1,665 shares of the company’s stock in a deal that was recorded on Sep 09. The shares were cost at an average price of 3.29 per share, with a total market value of 5,475. Following this completion of disposal, the Director, Fundamental Global Investors, now holds 757 shares of the company’s stock, valued at 2,389. In the last 6 months, insiders have changed their ownership in shares of company stock by 12.20%.