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Wednesday, September 30, 2020

The Rejuvenation of BIO-key International Inc. (NASDAQ:BKYI)

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The BIO-key International Inc. (BKYI) shares are trading at lower $0.72 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $2.58 and the low is $0.35. Over the last 52 weeks, BKYI is down -72.04% while the S&P 500 is down -0.63%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BKYI reported a profit of $0.4 million. BIO-key International Inc. also saw revenues increase to $0.52 million. In addition, BKYI has free cash flow of -$1.02 million as of 03-2020. The company’s EBITDA came in at $0.25 million which compares well with its peers.

BKYI Return on Equity (ROE) is -566.00%, and its Return on Assets is -237.00%. All told, it is clear that, BKYI needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BKYI has a short ratio of 0.09 and outstanding shares of 15.17M.

Company Outlook

BKYI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 19.57 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.12. BIO-key International Inc. BKYI also noted assets of $3.02 million at the end of the last quarter. Investors should also keep an eye on sector updates as BKYI has historically followed its peers on positive news.

All told, BIO-key International Inc. BKYI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BKYI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

BIO-key International Inc. BKYI is now commanding a market cap of 39.39M and a float of 13.53M. BKYI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BKYI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BKYI, either long or short, and we have not been compensated for this article.

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