The trading price of Bio-Key International Inc (NASDAQ:BKYI) closed lower on Friday, May 23, and closing at $0.79, -3.66% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $3.68 and a 52-week low of $0.52. Over the past month, the stock has gained 5.34% in value.
Bio-Key International Inc, whose market valuation is $4.59 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.15 per share this quarter, however they have predicted annual earnings per share of -0.55 for current year and -0.38 for next year.
Analysts have forecast the company to bring in revenue of 1.7M for the current quarter, with the likely lows of 1.7M and highs of 1.7M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 7.3M.
On the technical side, indicators suggest BKYI has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that BKYI’s price is currently -2.76% off the SMA20 and -4.36% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.99, and weekly volatility stands at 2.58%. When measured over the past 30 days, the indicator reaches 4.36%. Bio-Key International Inc (NASDAQ:BKYI)’s beta value is currently sitting at 0.34, while the Average True Range indicator is currently displaying 0.08.
To see how Bio-Key International Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BKYI stock’s performance was -3.66% in the latest trading, and -53.60% in the past year.
An evaluation of the daily trading volume of Bio-Key International Inc (NASDAQ:BKYI) indicates that the 3-month average is 278.09K.
Currently, records show that 5.81 million of the company’s shares remain outstanding. The insiders hold 37.13% of outstanding shares, whereas institutions hold 8.68%. However, since the stock’s price has seen -53.86% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
