BIO-key International Inc. (NASDAQ: BKYI): The Best-Of-Breed For Investing?


Renaissance Technologies LLC recently announced the acquisition of new stake in BIO-key International Inc. (NASDAQ:BKYI). This fresh investment now brings its stake to 0.33% valued currently at $0.13 million. In addition, Citadel Advisors LLC raised its holdings by 14280.0 to 14280.0 shares.

With over 9.97 million BIO-key International Inc. (BKYI) shares trading Friday and a closing price of $0.67 on the day, the dollar volume was approximately $6.68 million. The shares have shown a negative weekly performance of -8.82% and its price on 08/21/20 lost nearly -7.30%. Currently, there are 56.30M common shares owned by the public and among those 52.68M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for BKYI have a consensus price objective of $2.00. The analysts have set the share’s price value over the next 12 months at a high of $2.00 and a low of $2.00 should the stock experience a downside. Incidentally, analysts’ outlook for the BIO-key International Inc. stock is 3.00 for the next 12 months. But an upside of 66.5% will see the stock hit the forecast high price target while mean target price for the stock is $2.00.

Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 36 of these insider trades were purchases, accounting for 48,659 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

Vanguard Extended Market Index Fu owns 78056.0 shares of the company’s stock, all valued at over $54561.0.

Shares of BIO-key International Inc. (NASDAQ: BKYI) opened at $0.72, unchanged from a prior closing price of $0.72. However, the script later closed the day at $0.67, down -7.30%. The company’s stock has a 5-day price change of -8.82% and -8.19% over the past three months. BKYI shares are trading 34.04% year to date (YTD), with the 12-month market performance down to -15.16% lower. It has a 12-month low price of $0.35 and touched a high of $2.58 over the same period. Currently, 9.97 million shares have been traded, compared to an average intraday trading volume of 7.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.80%, -13.88%, and -5.55% respectively.

Institutional ownership of BIO-key International Inc. (NASDAQ: BKYI) shares accounts for 0.50% of the company’s 56.30M shares outstanding. Mutual fund holders own 0.37%, while other institutional holders and individual stakeholders account for 9.75% and 0.14% respectively.

It has a market capitalization of $43.71M and a beta (3y monthly) value of 1.15. The earnings-per-share (ttm) stands at -$1.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.11% over the week and 7.50% over the month.

Analysts forecast that BIO-key International Inc. (BKYI) will achieve an EPS of -$0.01 for the current quarter, -$0.02 for the next quarter and -$0.01 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.13 a year ago. Earnings per share for the fiscal year are expected to decrease by -40.10%, and 122.20% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate BIO-key International Inc. (BKYI) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”


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