In yesterday’s Wall Street session, Takung Art Co. Ltd. (AMEX:TKAT) shares traded at $0.31, down -13.89% from the previous session.
As we calculate the median target price by taking the range between a high of $1.00 and a low of $1.00, we find $1.00. Given the previous closing price of $0.36, this indicates a potential upside of 177.78 percent. TKAT stock price is now -32.62% away from the 50-day moving average and -54.43% away from the 200-day moving average. The market capitalization of the company currently stands at $10.16M.
Brokers who have rated the stock have averaged $1.00 as their price target over the next twelve months.
A total of 9.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TKAT stock. A new stake in Takung Art Co. Ltd. shares was purchased by GROUP ONE TRADING, L.P. during the first quarter worth $5,000. TWO SIGMA SECURITIES, LLC invested $5,000 in shares of TKAT during the first quarter. In total, there are 15 active investors with 0.80% ownership of the company’s stock.
On Thursday morning Takung Art Co. Ltd. (AMEX: TKAT) stock kicked off with the opening price of $0.3440. During the past 12 months, Takung Art Co. Ltd. has had a low of $0.26 and a high of $2.17. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 4.10, and a quick ratio of 4.10. The fifty day moving average price for TKAT is $0.4527 and a two-hundred day moving average price translates $0.6766 for the stock.
The latest earnings results from Takung Art Co. Ltd. (AMEX: TKAT) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at -$0.23, missing analysts’ expectations of $0.05 by -0.28. This compares to -$0.01 EPS in the same period last year. For the current quarter, analysts expect TKAT to generate $304k in revenue.
Takung Art Co. Ltd.(TKAT) Company Profile
Takung Art Co., Ltd., through its subsidiaries, operates an electronic online platform for artists, art dealers, and art investors to offer and trade in artwork in the form of non-fungible token (NFT) primarily in the People’s Republic of China. The company’s electronic online platform www.nftoeo.com offers online listing and trading services that allow artists/art dealers/owners to access art trading market where they can engage with a range of investors, as well as invests in artwork. Its platform offers and trades in artwork, such as calligraphies and paintings, jewelry, and precious stones. The company also provides NFT consulting services. It serves traders, original owners, and offering agents. Takung Art Co., Ltd. was incorporated in 2009 is based in Sha Tin, Hong Kong.
