Technology -
Software - Application - NASDAQ - CN
$ 1.41
-2.76 %
$ 29.8 M
Market Cap
35.25
P/E
1. INTRINSIC VALUE
Balance Sheet
Hitek Global Inc.
| Current Assets | 24.8 M |
| Cash & Short-Term Investments | 18.1 M |
| Receivables | 6.06 M |
| Other Current Assets | 582 K |
| Non-Current Assets | 10.6 M |
| Long-Term Investments | 9.82 M |
| PP&E | 407 K |
| Other Non-Current Assets | 411 K |
| Current Liabilities | 3.37 M |
| Accounts Payable | 532 K |
| Short-Term Debt | 496 K |
| Other Current Liabilities | 2.34 M |
| Non-Current Liabilities | 3.72 M |
| Long-Term Debt | 2.11 M |
| Other Non-Current Liabilities | 1.6 M |
EFFICIENCY
Earnings Waterfall
Hitek Global Inc.
| Revenue | 4.56 M |
| Cost Of Revenue | 2.64 M |
| Gross Profit | 1.92 M |
| Operating Expenses | 1.82 M |
| Operating Income | 101 K |
| Other Expenses | -947 K |
| Net Income | 1.05 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Hitek Global Inc.
| Net Income | 1.05 M |
| Depreciation & Amortization | 53.8 K |
| Capital Expenditures | -526 K |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 500 K |
| Others | -1.28 M |
| Free Cash Flow | -588 K |
Wall Street Analysts Price Targets
Hitek Global Inc.
HKIT has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
HKIT does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Hitek Global Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Hitek Global Inc. Announces First Half of Fiscal Year 2024 Financial Results
XIAMEN, China , Oct. 28, 2024 /PRNewswire/ -- Hitek Global Inc. (Nasdaq: HKIT) (the "Company"), a China-based information technology consulting and solutions service provider, today announced its unaudited financial results for the six months ended June 30, 2024. Ms. Xiaoyang Huang, Chief Executive Officer and Director of Hitek Global Inc., commented, "We are pleased to report a solid performance for the first half of fiscal year 2024, as we continue to adapt to an evolving market environment.
prnewswire.com
- 2 months ago
Hitek Global Inc. Announces Fiscal Year 2023 Financial Results
XIAMEN, China , April 9, 2024 /PRNewswire/ -- Hitek Global Inc. (Nasdaq: HKIT) (the "Company"), a China-based information technology consulting and solutions service provider, today announced its financial results for the fiscal year ended December 31, 2023. Ms. Xiaoyang Huang, Chief Executive Officer and Director of Hitek Global Inc. commented, "During the year ended December 31, 2023, due to governmental policy adjustments, the service fee portion of our tax control business has been affected to some extent, resulting in a decline in overall revenue.
prnewswire.com
- 9 months ago
HKIT and HOLO Stock: Speculators Are Sending 2 Penny Stocks to the Moon Today
In certain pockets of the market, we're seeing some really interesting price action take shape. Two high-profile penny stocks that have been ripping recently are Hitek Global (NASDAQ: HKIT ) and MicroCloud Hologram (NASDAQ: HOLO ).
investorplace.com
- 11 months ago
5 Investors Betting Big on Hitek Global (HKIT) Stock
Shares of Hitek Global (NASDAQ: HKIT ) are surging higher today by nearly 300%, although the reasons behind the jump aren't exactly clear. The company operates as a holding company of several Chinese subsidiaries with a focus on information technology and technical consulting.
investorplace.com
- 11 months ago
Why Is Hitek Global (HKIT) Stock Up 518% Today?
Hitek Global (NASDAQ: HKIT ) stock is rocketing higher on Thursday despite a lack of news from the company and heavy trading of its shares. HKIT stock is rallying this morning as more than 16 million of the company's shares trade hands.
investorplace.com
- 11 months ago
Hitek Global Inc. Announces First Half of Fiscal Year 2023 Financial Results
XIAMEN, China , Nov. 7, 2023 /PRNewswire/ -- Hitek Global Inc. (Nasdaq: HKIT) (the "Company"), a China-based information technology consulting and solutions service provider, today announced its unaudited financial results for the six months ended June 30, 2023. Ms. Xiaoyang Huang, Chief Executive Officer and Director of Hitek Global Inc. commented, "We are proud to share our robust financial performance for the first half of fiscal year 2023, which underscores another six months of growth and profitability.
prnewswire.com
- 1 year ago
U.S. IPO Weekly Recap: Q1 IPO Market Wraps Up With 8 Foreign Issuers
Eight issuers began trading this past week. Six IPOs and one SPAC submitted initial filings this past week.
seekingalpha.com
- 1 year ago
8. Profile
Summary
Hitek Global Inc. HKIT
COUNTRY
CN
INDUSTRY
Software - Application
MARKET CAP
$ 29.8 M
Dividend Yield
0.00%
Description
Hitek Global Inc. provides information technology (IT) consulting and solutions to business in various industry sectors in China. It offers services to small and medium businesses, which consist of anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells hardware to large businesses, such as laptops, printers, desktop computers and related accessories, as well as Internet servers, cameras, and monitors. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.
Contact
Unit 304, Xiamen,
http://www.xmhitek.com
IPO
Date
March 31, 2023
Employees
48
Officers
Ms. Tianyu Xia
Chief Financial Officer
Ms. Xiaoyang Huang
Chief Executive Officer & Director
Mr. Bo Shi
Chief Technology Officer