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NASDAQ: HKIT
Hitek Global Inc Stock

$1.64+0.03 (+1.86%)
Updated Jul 12, 2024
HKIT Price
$1.64
Fair Value Price
$0.57
Market Cap
$23.60M
52 Week Low
$0.54
52 Week High
$39.80
P/E
20.5x
P/B
0.83x
P/S
3.05x
PEG
N/A
Dividend Yield
N/A
Revenue
$4.56M
Earnings
$1.05M
Gross Margin
42.1%
Operating Margin
41.82%
Profit Margin
23%
Debt to Equity
0.25
Operating Cash Flow
-$62k
Beta
1.4
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A

HKIT Overview

Hitek Global Inc. provides information technology (IT) consulting and solutions to business in various industry sectors in China. It offers services to small and medium businesses, which consist of anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells hardware to large businesses, such as laptops, printers, desktop computers and related accessories, as well as Internet servers, cameras, and monitors. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.

Zen Score

Industry Average (28)
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Due Diligence Checks

HKIT ($1.64) is overvalued by 186.73% relative to our estimate of its Fair Value price of $0.57 based on Discounted Cash Flow (DCF) modelling
Below Fair Value Valuation
HKIT ($1.64) is not significantly undervalued (186.73%) relative to our estimate of its Fair Value price of $0.57 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
HKIT was unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
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HKIT News

Valuation

HKIT fair value

Fair Value of HKIT stock based on Discounted Cash Flow (DCF)
Price
$1.64
Fair Value
$0.57
Overvalued by
186.73%
HKIT ($1.64) is overvalued by... subscribe to Premium to read more.
Below Fair Value Valuation
HKIT ($1.64) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
HKIT was unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

HKIT price to earnings (PE)

For valuing profitable companies with steady earnings
Company
20.5x
Industry
27.4x
Market
32.2x
HKIT is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
HKIT is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

HKIT price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.83x
Industry
6.45x
HKIT is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

HKIT's financial health

Profit margin

Revenue
$0.0
Net Income
$0.0
Profit Margin
0%
HKIT's cash and short-term investments... subscribe to Premium to read more.
Interest Coverage Financials
HKIT's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$35.4M
Liabilities
$7.1M
Debt to equity
0.25
HKIT's short-term assets ($24.79M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
HKIT's short-term assets ($24.79M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
HKIT's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
HKIT's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
N/A
Investing
N/A
Financing
N/A
HKIT's cash and short-term investments... subscribe to Premium to read more.
Debt Coverage Financials

HKIT vs App Stocks

TickerMarket Cap1d %P/EP/B
HKIT$23.60M+1.61%20.50x0.83x
LDTC$24.17M-3.45%-0.01x-3.27x
DUOT$21.99M+4.29%-1.77x3.98x
SMSI$21.89M+0.44%-0.42x0.48x
NXPL$21.59M+9.52%-4.79x0.69x

Hitek Global Stock FAQ

What is Hitek Global's quote symbol?

(NASDAQ: HKIT) Hitek Global trades on the NASDAQ under the ticker symbol HKIT. Hitek Global stock quotes can also be displayed as NASDAQ: HKIT.

If you're new to stock investing, here's how to buy Hitek Global stock.

What is the 52 week high and low for Hitek Global (NASDAQ: HKIT)?

(NASDAQ: HKIT) Hitek Global's 52-week high was $39.80, and its 52-week low was $0.54. It is currently -95.88% from its 52-week high and 202.03% from its 52-week low.

How much is Hitek Global stock worth today?

(NASDAQ: HKIT) Hitek Global currently has 14,392,364 outstanding shares. With Hitek Global stock trading at $1.64 per share, the total value of Hitek Global stock (market capitalization) is $23.60M.

Hitek Global stock was originally listed at a price of $5.56 in Mar 31, 2023. If you had invested in Hitek Global stock at $5.56, your return over the last 1 years would have been -70.5%, for an annualized return of -70.5% (not including any dividends or dividend reinvestments).

How much is Hitek Global's stock price per share?

(NASDAQ: HKIT) Hitek Global stock price per share is $1.64 today (as of Jul 12, 2024).

What is Hitek Global's Market Cap?

(NASDAQ: HKIT) Hitek Global's market cap is $23.60M, as of Jul 15, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Hitek Global's market cap is calculated by multiplying HKIT's current stock price of $1.64 by HKIT's total outstanding shares of 14,392,364.
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