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.
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.