Bio-Key International Inc. (NASDAQ: BKYI) Could See Prices Soar In The Coming Months

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In today’s recent session, 87.04 million shares of the Bio-Key International Inc. (NASDAQ:BKYI) have been traded, and its beta is 0.31. Most recently the company’s share price was $1.40, and it changed around $0.71 or 103.18% from the last close, which brings the market valuation of the company to $4.36M. BKYI at last check was trading at a discount to its 52-week high of $4.43, offering almost -216.43% off that amount. The share price’s 52-week low was $0.52, which indicates that the recent value has risen by an impressive 62.86% since then. We note from Bio-Key International Inc.’s average daily trading volume that its 10-day average is 0.11 million shares, with the 3-month average coming to 2.92 million.

Bio-Key International Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended BKYI as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Bio-Key International Inc. is expected to report earnings per share of -0.58 for the current quarter.

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Bio-Key International Inc. (NASDAQ:BKYI) trade information

Instantly BKYI has been showing a green trend so far today with a performance of 103.18% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.7300 on recent trading dayincreased the stock’s daily price by 19.08%. The company’s shares are currently down -53.27% year-to-date, but still up 101.69% over the last five days. On the other hand, Bio-Key International Inc. (NASDAQ:BKYI) is 46.11% up in the 30-day period. We can see from the shorts that 12813.0 shares have been sold at a short interest cover period of 0.04 day(s).

Bio-Key International Inc. (BKYI) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 91.90% in revenue this quarter, and will report an increase of 68.10% in the next quarter.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.6M in revenue for the current quarter. 1 analysts expect Bio-Key International Inc. to make 1.9M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -12.50%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.10%.

BKYI Dividends

Bio-Key International Inc.’s next quarterly earnings report is expected to be released on 2024-Nov-18.

Bio-Key International Inc. (NASDAQ:BKYI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 5.41% of Bio-Key International Inc. shares, and 5.42% of them are in the hands of institutional investors. The stock currently has a share float of 5.73%.

Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Aug 31, 2024. The former held 10.7 shares worth $14019.0, making up 0.34% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 6.65 shares worth around $8715.0, which represents about 0.21% of the total shares outstanding.