The Benchmark Company lifts CynergisTek Inc. [CTEK] price estimate. Who else is bullish?


CynergisTek Inc. [AMEX: CTEK] gained 0.85% on the last trading session, reaching $1.19 price per share at the time. The company report on June 7, 2022 that World-Class Pediatric Healthcare System Signs Six-Figure Contract With CynergisTek For Risk Assessment Services.

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CynergisTek to provide additional support in safeguarding sensitive information to a top leader in children’s health.

CynergisTek, Inc. (NYSE American: CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces a six-figure extension contract for a west coast pediatric healthcare system for risk assessment, promoting interoperability security controls assessment, vendor security management, and incident response readiness services.

CynergisTek Inc. represents 13.25 million in outstanding shares, while the company has a total market value of $15.60 million with the latest information. CTEK stock price has been found in the range of $1.17 to $1.19.

If compared to the average trading volume of 322.12K shares, CTEK reached a trading volume of 164276 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about CynergisTek Inc. [CTEK]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CTEK shares is $1.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CTEK stock is a recommendation set at 2.50. 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.

The Benchmark Company have made an estimate for CynergisTek Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 15, 2020. While these analysts kept the previous recommendation, B. Riley FBR Inc. raised their target price from $6.25 to $8.25. The new note on the price target was released on March 27, 2018, representing the official price target for CynergisTek Inc. stock. Previously, the target price had yet another raise to $7.20, while ROTH Capital analysts kept a Buy rating on CTEK stock.

The Average True Range (ATR) for CynergisTek Inc. is set at 0.05, with the Price to Sales ratio for CTEK stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 0.68, with the Price to Cash per share for the same quarter was set at 0.09.

Trading performance analysis for CTEK stock

CynergisTek Inc. [CTEK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, CTEK shares gained by 83.11% in over the last four-week period, additionally sinking by -4.03% over the last 6 months – not to mention a drop of -38.97% 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 CTEK stock in for the last two-week period is set at 65.12, with the RSI for the last a single of trading hit 68.84, and the three-weeks RSI is set at 60.34 for CynergisTek Inc. [CTEK]. The present Moving Average for the last 50 days of trading for this stock 0.9754, while it was recorded at 1.1760 for the last single week of trading, and 1.3917 for the last 200 days.

CynergisTek Inc. [CTEK]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and CynergisTek Inc. [CTEK] shares currently have an operating margin of -41.25 and a Gross Margin at +36.43. CynergisTek Inc.’s Net Margin is presently recorded at -13.78.

Return on Equity for this stock declined to -9.48, with Return on Assets sitting at -7.29.

CynergisTek Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.30.

CynergisTek Inc. [CTEK]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CTEK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CynergisTek Inc. go to 20.00%.

An analysis of insider ownership at CynergisTek Inc. [CTEK]

There are presently around $3 million, or 19.70% of CTEK stock, in the hands of institutional investors. The top three institutional holders of CTEK stocks are: HORTON CAPITAL MANAGEMENT, LLC with ownership of 791,819, which is approximately 5.658% of the company’s market cap and around 9.77% of the total institutional ownership; KING LUTHER CAPITAL MANAGEMENT CORP, holding 403,880 shares of the stock with an approximate value of $0.48 million in CTEK stocks shares; and ESSEX INVESTMENT MANAGEMENT CO LLC, currently with $0.42 million in CTEK stock with ownership of nearly 2.508% of the company’s market capitalization.

Positions in CynergisTek Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 10 institutional holders increased their position in CynergisTek Inc. [AMEX:CTEK] by around 166,431 shares. Additionally, 4 investors decreased positions by around 165,276 shares, while 11 investors held positions by with 2,267,906 shares. The mentioned changes placed institutional holdings at 2,599,613 shares, according to the latest SEC report filing. CTEK stock had 5 new institutional investments in for a total of 71,225 shares, while 3 institutional investors sold positions of 164,976 shares during the same period.