In yesterday’s Wall Street session, Bio-Key International Inc. (NASDAQ:BKYI) shares traded at $2.31, up 15.50% from the previous session.
BKYI stock price is now 56.18% away from the 50-day moving average and 19.68% away from the 200-day moving average. The market capitalization of the company currently stands at $4.57M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $6, Maxim Group recently Upgraded its rating from Hold to Buy for Bio-Key International Inc. (NASDAQ: BKYI).
In other news, DEPASQUALE MICHAEL W, Chief Executive Officer bought 20,000 shares of the company’s stock on Dec 01 ’23. The stock was bought for $3,600 at an average price of $0.18. Upon completion of the transaction, the Chief Executive Officer now directly owns 306,827 shares in the company, valued at $0.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30 ’23, Chief Legal Officer Sullivan James David bought 20,000 shares of the business’s stock. A total of $3,300 was incurred on buying the stock at an average price of $0.17. This leaves the insider owning 388,171 shares of the company worth $0.9 million. A total of 10.88% of the company’s stock is owned by insiders.
During the past 12 months, Bio-Key International Inc. has had a low of $1.00 and a high of $10.80. The fifty day moving average price for BKYI is $1.4924 and a two-hundred day moving average price translates $1.9301 for the stock.
The latest earnings results from Bio-Key International Inc. (NASDAQ: BKYI) was released for 2024-06-30. The net profit margin was -148.20% and return on equity was -644.57% for BKYI. The company reported revenue of $1.14 million for the quarter, compared to $1.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -40.85 percent.
