CooTek [Cayman] Inc. [CTK] moved up 5.34: Why It’s Important

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CooTek (Cayman) Inc. [NYSE: CTK] traded at a high on 04/28/22, posting a 5.34 gain after which it closed the day’ session at $0.22. The company report on April 28, 2022 that CooTek Announces Plan to Implement ADS Ratio Change.

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CooTek (Cayman) Inc. (NYSE: CTK) (“CooTek” or the “Company”), a global mobile internet company, today announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) to its Class A ordinary shares (the “ADS Ratio”), from the current ADS Ratio of one (1) ADS to fifty(50) Class A ordinary shares to a new ADS Ratio of one (1) ADS to six hundred and fifty (650) Class A ordinary shares.

For CooTek’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-thirteen (13) reverse ADS split. A post-effective amendment to the ADS Registration Statement on Form F-6 will be filed with the SEC to reflect the change in the ADS Ratio. The Company anticipates that the change in the ADS Ratio will be effective on or about May 9, 2022 (U.S. Eastern Time), subject to the effectiveness of the post-effective amendment to the ADS Registration Statement on Form F-6 on or before that date.

The results of the trading session contributed to over 2740604 shares changing hands. Over the past one week, the price volatility of CooTek (Cayman) Inc. stands at 9.14% while the volatility over the past one month is 10.99%.

The market cap for CTK stock reached $13.21 million, with 70.06 million shares outstanding and 21.39 million shares in the current float. Compared to the average trading volume of 5.05M shares, CTK reached a trading volume of 2740604 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about CooTek [Cayman] Inc. [CTK]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CTK shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CTK stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA/Merrill have made an estimate for CooTek (Cayman) Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 06, 2020. The new note on the price target was released on June 10, 2019, representing the official price target for CooTek (Cayman) Inc. stock.

The Average True Range (ATR) for CooTek (Cayman) Inc. is set at 0.03, with the Price to Sales ratio for CTK stock in the period of the last 12 months amounting to 0.05.

How has CTK stock performed recently?

CooTek (Cayman) Inc. [CTK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.38. With this latest performance, CTK shares dropped by -19.27% in over the last four-week period, additionally sinking by -82.04% over the last 6 months – not to mention a drop of -90.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CTK stock in for the last two-week period is set at 46.05, with the RSI for the last a single of trading hit 48.45, and the three-weeks RSI is set at 44.72 for CooTek (Cayman) Inc. [CTK]. The present Moving Average for the last 50 days of trading for this stock 0.2471, while it was recorded at 0.2047 for the last single week of trading, and 0.8326 for the last 200 days.

CooTek [Cayman] Inc. [CTK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and CooTek (Cayman) Inc. [CTK] shares currently have an operating margin of -4.84 and a Gross Margin at +87.94. CooTek (Cayman) Inc.’s Net Margin is presently recorded at -5.10.

CooTek (Cayman) Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Insider trade positions for CooTek [Cayman] Inc. [CTK]

There are presently around $1 million, or 3.80% of CTK stock, in the hands of institutional investors. The top three institutional holders of CTK stocks are: ALIBABA GROUP HOLDING LTD with ownership of 2,122,328, which is approximately 0% of the company’s market cap and around 3.83% of the total institutional ownership; QUALCOMM INC/DE, holding 1,055,579 shares of the stock with an approximate value of $0.23 million in CTK stocks shares; and SC CHINA HOLDING LTD, currently with $91000.0 in CTK stock with ownership of nearly 0% of the company’s market capitalization.

Positions in CooTek (Cayman) Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 6 institutional holders increased their position in CooTek (Cayman) Inc. [NYSE:CTK] by around 1,214,118 shares. Additionally, 6 investors decreased positions by around 77,691 shares, while 4 investors held positions by with 2,941,280 shares. The mentioned changes placed institutional holdings at 4,233,089 shares, according to the latest SEC report filing. CTK stock had 4 new institutional investments in for a total of 1,147,798 shares, while 4 institutional investors sold positions of 75,748 shares during the same period.