Shares of CooTek (Cayman) Inc. (NYSE:CTK) have received an average broker rating score of 3.33 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating, one has assigned a sell rating and one has given a strong buy rating to the company. CooTek (Cayman)’s rating score has declined by 42.9% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a 1 year consensus price target of $7.30 for the company and are expecting that the company will post ($0.26) EPS for the current quarter, according to Zacks. Zacks has also given CooTek (Cayman) an industry rank of 173 out of 256 based on the ratings given to related companies.
CTK has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded CooTek (Cayman) from a “sell” rating to a “hold” rating in a research report on Monday, August 19th. Citigroup cut shares of CooTek (Cayman) from a “neutral” rating to a “sell” rating in a report on Monday, June 10th. Credit Suisse Group downgraded shares of CooTek (Cayman) from an “outperform” rating to a “neutral” rating in a research report on Tuesday, June 4th. Bank of America set a $6.60 price target on shares of CooTek (Cayman) and gave the company an “underperform” rating in a report on Wednesday, August 21st. Finally, KeyCorp cut their price target on shares of CooTek (Cayman) from $13.00 to $8.00 and set an “overweight” rating on the stock in a report on Wednesday, August 21st.
Shares of NYSE:CTK traded up $0.10 on Friday, reaching $5.00. 23,116 shares of the company’s stock were exchanged, compared to its average volume of 87,226. CooTek has a fifty-two week low of $4.90 and a fifty-two week high of $13.30. The business’s 50-day moving average is $6.80 and its two-hundred day moving average is $9.10.
CooTek (Cayman) (NYSE:CTK) last announced its quarterly earnings data on Tuesday, August 20th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). The company had revenue of $37.59 million for the quarter, compared to analyst estimates of $47.70 million. CooTek (Cayman) had a negative net margin of 4.38% and a negative return on equity of 25.00%. Sell-side analysts expect that CooTek will post -0.68 EPS for the current fiscal year.
A hedge fund recently bought a new stake in CooTek (Cayman) stock. Susquehanna International Group LLP acquired a new position in shares of CooTek (Cayman) Inc. (NYSE:CTK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 200,000 shares of the company’s stock, valued at approximately $1,917,000. Susquehanna International Group LLP owned 0.31% of CooTek (Cayman) at the end of the most recent quarter. 0.99% of the stock is 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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