Hitek Global Ordinary Stock Buy Hold or Sell Recommendation
| HKIT Stock | 1.29 0.02 1.53% |
Given the investment horizon of 90 days and complete risk avoidance on your part, our recommendation regarding Hitek Global Ordinary is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Hitek Global Ordinary given historical horizon and risk tolerance towards Hitek Global. When Macroaxis issues a 'buy' or 'sell' recommendation for Hitek Global Ordinary, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Hitek Global Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Hitek and provide practical buy, sell, or hold advice based on investors' constraints. Hitek Global Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Hitek |
Execute Hitek Global Buy or Sell Advice
The Hitek recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Hitek Global Ordinary. Macroaxis does not own or have any residual interests in Hitek Global Ordinary or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Hitek Global's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Hitek Global Trading Alerts and Improvement Suggestions
| Hitek Global generated a negative expected return over the last 90 days | |
| Hitek Global may become a speculative penny stock | |
| Hitek Global has high historical volatility and very poor performance | |
| About 29.0% of the company shares are held by company insiders |
Hitek Global Returns Distribution Density
The distribution of Hitek Global's historical returns is an attempt to chart the uncertainty of Hitek Global's future price movements. The chart of the probability distribution of Hitek Global daily returns describes the distribution of returns around its average expected value. We use Hitek Global Ordinary price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Hitek Global returns is essential to provide solid investment advice for Hitek Global.
| Mean Return | -0.27 | Value At Risk | -5.85 | Potential Upside | 6.67 | Standard Deviation | 3.81 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Hitek Global historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Hitek Global Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (378.0K) | 397.6K | (276.7K) | (57.9K) | 667.1K | 700.4K | |
| Change In Cash | 36.6K | 1.1M | 229.8K | (888.1K) | 8.1M | 8.5M | |
| Free Cash Flow | 43.3K | 1.5M | (240.2K) | (1.8M) | (587.7K) | (558.3K) | |
| Depreciation | 379.9K | 378.6K | 355.7K | 21.9K | 53.8K | 51.1K | |
| Other Non Cash Items | (195.0K) | (6.5K) | (6.5K) | (6.6K) | (306.4K) | (291.1K) | |
| Capital Expenditures | 0.0 | 430.3K | 25.6K | 5.6M | 525.8K | 499.5K | |
| Net Income | 2.0M | 1.7M | 1.7M | 1.4M | 1.0M | 1.4M | |
| End Period Cash Flow | 776.2K | 1.9M | 2.1M | 1.2M | 9.3M | 9.8M | |
| Change To Netincome | 531.7K | 111.7K | 109.6K | 101.7K | 91.5K | 86.9K |
Hitek Global Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Hitek Global or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Hitek Global's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Hitek stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | -0.21 | |
σ | Overall volatility | 3.86 | |
Ir | Information ratio | -0.11 |
Hitek Global Volatility Alert
Hitek Global Ordinary exhibits very low volatility with skewness of 0.38 and kurtosis of 2.29. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Hitek Global's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Hitek Global's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Hitek Global Fundamentals Vs Peers
Comparing Hitek Global's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Hitek Global's direct or indirect competition across all of the common fundamentals between Hitek Global and the related equities. This way, we can detect undervalued stocks with similar characteristics as Hitek Global or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Hitek Global's fundamental indicators could also be used in its relative valuation, which is a method of valuing Hitek Global by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Hitek Global to competition |
| Fundamentals | Hitek Global | Peer Average |
| Return On Equity | 0.0202 | -0.31 |
| Return On Asset | -0.0127 | -0.14 |
| Profit Margin | 0.16 % | (1.27) % |
| Operating Margin | (0.20) % | (5.51) % |
| Current Valuation | 14.99 M | 16.62 B |
| Shares Outstanding | 21.11 M | 571.82 M |
| Shares Owned By Insiders | 29.43 % | 10.09 % |
| Shares Owned By Institutions | 0.10 % | 39.21 % |
| Number Of Shares Shorted | 21.8 K | 4.71 M |
| Price To Book | 1.34 X | 9.51 X |
| Price To Sales | 11.13 X | 11.42 X |
| Revenue | 4.56 M | 9.43 B |
| Gross Profit | 3.88 M | 27.38 B |
| EBITDA | 1.96 M | 3.9 B |
| Net Income | 1.05 M | 570.98 M |
| Total Debt | 2.61 M | 5.32 B |
| Book Value Per Share | 1.96 X | 1.93 K |
| Cash Flow From Operations | 1.63 M | 971.22 M |
| Short Ratio | 1.27 X | 4.00 X |
| Earnings Per Share | 0.04 X | 3.12 X |
| Number Of Employees | 48 | 18.84 K |
| Market Capitalization | 38.38 M | 19.03 B |
| Total Asset | 35.43 M | 29.47 B |
| Retained Earnings | 11.39 M | 9.33 B |
| Working Capital | 21.41 M | 1.48 B |
| Net Asset | 35.43 M |
Hitek Global Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Hitek . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Hitek Global Buy or Sell Advice
When is the right time to buy or sell Hitek Global Ordinary? Buying financial instruments such as Hitek Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Hitek Global in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Computers Thematic Idea Now
Computers
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Computers theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Computers Theme or any other thematic opportunities.
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Additional Tools for Hitek Stock Analysis
When running Hitek Global's price analysis, check to measure Hitek Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hitek Global is operating at the current time. Most of Hitek Global's value examination focuses on studying past and present price action to predict the probability of Hitek Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitek Global's price. Additionally, you may evaluate how the addition of Hitek Global to your portfolios can decrease your overall portfolio volatility.