Shares of CooTek (Cayman) Inc. (NYSE:CTK) have received a consensus broker rating score of 3.33 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation, one has assigned a sell recommendation and one has given a strong buy recommendation to the company. CooTek (Cayman)’s rating score has declined by 99.4% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus price target of $10.10 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given CooTek (Cayman) an industry rank of 109 out of 256 based on the ratings given to related companies.
A number of analysts have recently commented on CTK shares. Bank of America downgraded CooTek (Cayman) from a “buy” rating to an “underperform” rating in a report on Wednesday, July 17th. Zacks Investment Research upgraded CooTek (Cayman) from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Credit Suisse Group downgraded CooTek (Cayman) from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 4th. Finally, Citigroup downgraded CooTek (Cayman) from a “neutral” rating to a “sell” rating in a report on Monday, June 10th.
CTK stock opened at $7.86 on Tuesday. The business’s fifty day moving average price is $8.80. CooTek has a 52 week low of $5.40 and a 52 week high of $13.30.
CooTek (Cayman) (NYSE:CTK) last released its quarterly earnings data on Monday, June 3rd. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $40.04 million for the quarter, compared to analyst estimates of $40.10 million. Research analysts predict that CooTek will post 0.22 earnings per share for the current year.
An institutional investor recently bought a new position in CooTek (Cayman) stock. BlackRock Inc. bought a new stake in shares of CooTek (Cayman) Inc. (NYSE:CTK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,334 shares of the company’s stock, valued at approximately $61,000. 1.69% of the stock is currently owned by hedge funds and other institutional investors.
CooTek (Cayman) Company Profile
CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.
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