BIO-key International Inc. (BKYI) shares are trading at lower $0.45 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 -22.69% while the S&P 500 is up 9.05%. 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 $0.16 million. BIO-key International Inc. also saw revenues increase to $0.31 million. In addition, BKYI has free cash flow of -$1.97 million as of 06-2020. The company’s EBITDA came in at -$0.8 million which compares well with its peers.
BKYI Return on Assets is -297.80%. 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 0.13 and outstanding shares of 56.30M.
BKYI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.3 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.09. BIO-key International Inc. BKYI also noted assets of $5.75 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 27.91M and a float of 52.55M. 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.