11 institutions hold shares in CooTek (Cayman) Inc. (CTK), with 2.44M shares held by insiders accounting for 3.99% while institutional investors hold 1.33% of the company’s shares. The shares outstanding are 61.23M, and float is at 46.57M with Short Float at 0.82%. Institutions hold 1.28% of the Float.
The top institutional shareholder in the company is Alibaba Group Holding Ltd with over 2.12 million shares valued at $5.88 million. The investor’s holdings represent 3.55% of the CTK Shares outstanding. As of Dec 30, 2020, the second largest holder is SC China Holding Ltd with 0.42 million shares valued at $1.15 million to account for 0.70% of the shares outstanding. The other top investors are SIG China Investments Master Fund III, LLLP which holds 0.19 million shares representing 0.32% and valued at over $0.54 million, while Renaissance Technologies, LLC holds 0.11% of the shares totaling 64700.0 with a market value of $0.18 million.
CooTek (Cayman) Inc. (NYSE: CTK) is -8.30% lower on its value in year-to-date trading and has touched a low of $2.46 and a high of $7.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CTK stock was last observed hovering at around $2.61 in the last trading session, with the day’s loss setting it -0.07% off its average median price target of $3.00 for the next 12 months. It is also 15.33% off the consensus price target high of $3.00 offered by 1 analysts, but current levels are 15.33% higher than the price target low of $3.00 for the same period.
Currently trading at $2.54, the stock is -11.87% and -29.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.42 million and changing -2.68% at the moment leaves the stock -45.79% off its SMA200. CTK registered -64.72% loss for a year compared to 6-month loss of -48.06%. The firm has a 50-day simple moving average (SMA 50) of $3.1944 and a 200-day simple moving average (SMA200) of $3.9639.
The stock witnessed a -2.68% gain in the last 1 month and extending the period to 3 months gives it a -6.62%, and is -4.51% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.96% over the week and 9.42% over the month.
CooTek (Cayman) Inc. (CTK) has around 553 employees, a market worth around $159.79M and $441.50M in sales. Fwd P/E is 7.51. Profit margin for the company is -10.70%. Distance from 52-week low is 3.25% and -65.89% from its 52-week high. The company has generated returns on investments over the last 12 months (1709.10%).
CooTek (Cayman) Inc. (CTK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for CooTek (Cayman) Inc. (CTK) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
CooTek (Cayman) Inc. is expected to release its quarterly report on 08/24/2021 and quarterly earnings per share for the current quarter are estimated at -$0.16 with sales reaching $80M over the same period.The EPS is expected to shrink by -31.70% this year, but quarterly earnings will post 13.40% year-over-year. Quarterly sales are estimated to shrink -6.40% in year-over-year returns.