Bio-Key International Inc (NASDAQ:BKYI) price closed higher on Tuesday, December 24, and jumping 6.15% above its previous close.
A look at the daily price movement shows that the last close reads $0.95, with intraday deals fluctuated between $0.95 and $1.05. The company’s 5Y monthly beta was ticking 0.245. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.12 and 52-week low of $0.52. The stock added 19.32% on its value in the past month.
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Bio-Key International Inc, which has a market valuation of $3.29 million, is expected to release its quarterly earnings report in January.
On average, analysts have forecast the company’s revenue for the quarter will hit 2.29M, with the likely lows of 2.29M and highs of 2.29M. Staying with the analyst view, there is a consensus estimate of 7.75M for the company’s annual revenue in current year.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give BKYI a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that BKYI’s price is at present 0.46% off the SMA20 and 4.45% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.67, with weekly volatility standing at 9.21%. The indicator jumps to 11.35% when calculated based on the past 30 days. Bio-Key International Inc (NASDAQ:BKYI)’s beta value is holding at 0.14, while the average true range (ATR) indicator is currently reading 0.11.
An analysis of the Bio-Key International Inc (NASDAQ:BKYI) stock in terms of its daily trading volume indicates that the 3-month average is 2.10 million. However, this figure increases on the past 10-day timeline to an average of 56820.0.
Current records show that the company has 3.11M in outstanding shares. The insiders’ percentage holdings are 25.59% of outstanding shares while the percentage share held by institutions stands at 8.85%. The stats also highlight that short interest as of 2024-10-31, stood at 0.87 million shares, which puts the short ratio at the time at 0.16. From this we can glean that short interest is 2857.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 42304.0. But the -65.00% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
