Citadel Securities LLC recently announced the acquisition of new stake in Takung Art Co. Ltd. (AMEX:TKAT). The institutional investor has increased its shareholding in the Consumer Cyclical company by 29.74% to 0.1 million shares with purchase of 23134.0 shares. This fresh investment now brings its stake to 0.29% valued currently at $55511.0. In addition, Two Sigma Securities LLC raised its holdings by 29872.0 to 29872.0 shares.
With over 0.34 million Takung Art Co. Ltd. (TKAT) shares trading Friday and a closing price of $0.87 on the day, the dollar volume was approximately $0.29 million. The shares have shown a negative half year performance of -50.92% and its price on 01/13/23 gained nearly 12.98%. Currently, there are 34.99M common shares owned by the public and among those 31.83M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 0 analysts who have offered their price forecasts for TKAT have a consensus price objective of $1.00. The analysts have set the share’s price value over the next 12 months at a high of $1.00 and a low of $1.00. But an upside of 13.0% will see the stock hit the forecast high price target while median target price for the stock is $1.00.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
Bridgeway Ultra Small Company Mar owns 76000.0 shares of the company’s stock, all valued at over $41800.0.
Shares of Takung Art Co. Ltd. (AMEX: TKAT) opened at $0.79, up $0.02 from a prior closing price of $0.77. However, the script later moved the day high at 0.9300, up 12.98%. The company’s stock has a 5-day price change of 37.77% and 17.22% over the past three months. TKAT shares are trading 57.85% year to date (YTD), with the 12-month market performance down to -75.18% lower. It has a 12-month low price of $0.51 and touched a high of $4.88 over the same period. TKAT has an average intraday trading volume of 57.06K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 38.74%, 20.06%, and -42.41% respectively.
Institutional ownership of Takung Art Co. Ltd. (AMEX: TKAT) shares accounts for 0.80% of the company’s 34.99M shares outstanding. Mutual fund holders own 0.56%, while other institutional holders and individual stakeholders account for 26.31% and 0.22% respectively.
It has a market capitalization of $26.90M and a beta (3y monthly) value of 2.88. The earnings-per-share (ttm) stands at -$0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.27% over the week and 10.06% over the month.
Analysts forecast that Takung Art Co. Ltd. (TKAT) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2019. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.19 a year ago.