CooTek (Cayman) Inc. (CTK) Stock: Is This Technology Stock Worth Your Attention?


CooTek (Cayman) Inc. (CTK) is working its way for to the top in the market in today’s trading session. The company, one that is focused on the tech space, is currently priced at $8.64 after falling -6.09% so far today. When it comes to technology stocks, there are a number of aspects that have the ability to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines associated with CTK:

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Jul-05-19 08:00AM CooTek Recognized With User Growth Award at 2019 Mobile Attribution & Marketing Analytics Summit
Jun-14-19 01:52PM Edited Transcript of CTK.N earnings conference call or presentation 3-Jun-19 12:00pm GMT
Jun-11-19 01:41PM Do Directors Own CooTek (Cayman) Inc. (NYSE:CTK) Shares?
Jun-03-19 01:23PM CooTek (Cayman) Inc (CTK) Q1 2019 Earnings Call Transcript
06:00AM CooTek (Cayman) Inc. to Host Earnings Call

However, when making a decision with regard to investing, prospective investors should take a look at far more than news, this is especially the case in the ever evolving tech space. Here’s what’s happing when it comes to CooTek (Cayman) Inc..

Recent Movement Out of CTK

While a single session decline, like what we’re seeing from CooTek (Cayman) Inc. might cause fear in some investors, a single session fall alone should not be the basis of a decision to, or not to, buy a company’s stock. It’s always important to dig into trends experienced by the stock beyond a single trading day. When it comes to CTK, below are the returns on investment that we have seen:

  • Past 5 Trading Sessions – In the past five trading sessions, CTK has seen a price change amounting to -6.39%.
  • Past 30 Days – The return from CooTek (Cayman) Inc. over the past month comes to 2.25%.
  • Past Quarter – Over the past 3 months, the stock has generated a return of -21.31%
  • Past Six Months – Throughout the last 6 months, investors have seen a change of -11.38% from the stock.
  • YTD – Since the the first trading session of this year CTK has generated a return of 3.85%.
  • Full Year – Lastly, in the past year, we have seen a change amounting to 0 from CTK. In this period, the stock has traded at a high price of -35.02% and a low price of 59.99%.

Notable Ratios

Digging into various ratios associated with a stock can give prospective investors an understanding of just how risky and/or potentially profitable a stock pick may be. Here are a few of the key ratios to consider when looking at CTK.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the level of short interest. As the short ratio climbs, it means that more investors have a belief that the price of the stock is going to go down. Throughout the sector, strong tech stocks can come with a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the space. Nonetheless, in regard to CooTek (Cayman) Inc., it’s short ratio comes to 2.72.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure whether or not a company can pay its debts as they mature using current assets or quick assets. In the tech space, companies rely on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can look bad. However, quite a few gems in the technology industry do have strong quick and current ratios. In terms of CTK, the quick and current ratios work out to 3.40 and 3.40 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price. In this case, that ratio works out to 1.30.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of the company’s stock. In the case of CTK, the cash to share value works out to 1.26.

What Institutions And Insiders Think Of CooTek (Cayman) Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in CTK, here’s what we’re seeing:

  • Institutions – As it stands now, institutions own 1.90% of CooTek (Cayman) Inc.. Nonetheless, it’s important to note that institutional ownership has seen a move in the amount of -1.60% in the last 3 months.
  • Investors On The Inside – as it relates to insiders, those close to the company currently own 0 of the company. Insider ownership of the company has changed in the amount of 0 throughout the past 3 months.

What Analysts Say About CooTek (Cayman) Inc.

While it’s not a smart idea to blindly follow the thoughts of analysts, it is a good idea to consider their analysis when validating your own when it comes to making an investment decision in the tech industry. Below you’ll find the most recent moves that we have seen from analysts as it relates to CTK.

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Jun-10-19 Downgrade Citigroup Neutral → Sell
Jun-04-19 Downgrade Credit Suisse Outperform → Neutral
Mar-08-19 Downgrade Citigroup Buy → Neutral
Dec-10-18 Initiated Citigroup Buy
Oct-23-18 Initiated KeyBanc Capital Mkts Overweight $15

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.98. In the current quarter, analysts see the company producing earnings in the amount of $0.02. Over the last 5 years, CTK has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -87.50% and revenue has seen movement of 82.60%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 61.36M shares of CooTek (Cayman) Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, CTK has a float of 15.65M.

It’s also important to follow the short percent. Think about it, when a high percentage of the float is sold short, the overall feeling in the market is that the company is headed for a steep decline. When it comes to CTK, the percentage of the float that is sold short comes to a total of 1.49%. Most traders believe that a concerning short percent of the float is any percentage over 40%. However, I’ve found that any short ratio over 26% is generally a risky play.

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