Hitek Global Inc.

Hitek Global Inc.verified

HKIT

Price:

$1.61

Market Cap:

$23.17M

Hitek Global Inc. provides information technology (IT) consulting and solutions to business in various industry sectors in China. It offers services to small and medium businesses, which consist of anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells hardware to large businesses, such as laptops, printers, desktop computers and related accessories, as well as Internet servers, cameras, and monitors. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.[Read more]

Industry

Software - Application

IPO Date

2023-03-31

Stock Exchange

NASDAQ

Ticker

HKIT

The PE Ratio as of September 2024 (TTM) for Hitek Global Inc. (HKIT) is 20.13

According to Hitek Global Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 20.13. This represents a change of -38.31% compared to the average of 32.63 of the last 4 quarters.

Hitek Global Inc. (HKIT) Historical PE Ratio (quarterly & annually)

How has HKIT PE Ratio performed in the past?

The mean historical PE Ratio of Hitek Global Inc. over the last ten years is 62.89. The current 20.13 PE Ratio has changed 3.10% with respect to the historical average. Over the past ten years (40 quarters), HKIT's PE Ratio was at its highest in in the March 2023 quarter at 54.18. The PE Ratio was at its lowest in in the December 2023 quarter at 8.88.

Quarterly (TTM)
Annual

Average

62.89

Median

43.04

Minimum

13.29

Maximum

228.06

Hitek Global Inc. (HKIT) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Hitek Global Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 19.55%

Maximum Annual PE Ratio = 228.06

Minimum Annual Increase = -83.80%

Minimum Annual PE Ratio = 13.29

Quarterly (TTM)
Annual
YearPE RatioChange
202313.29-69.21%
202243.15-13.56%
202149.92-2.73%
202051.3219.55%
201942.9314.34%
201837.541.62%
201736.94-83.80%

Hitek Global Inc. (HKIT) Average PE Ratio

How has HKIT PE Ratio performed in the past?

The current PE Ratio of Hitek Global Inc. (HKIT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

35.45

5-year avg

40.12

10-year avg

62.89

Hitek Global Inc. (HKIT) PE Ratio vs. Peers

How is HKIT’s PE Ratio compared to its peers?

Hitek Global Inc.’s PE Ratio is less than Enfusion, Inc. (198.95), greater than E2open Parent Holdings, Inc. (-1.66), greater than Envestnet, Inc. (-13.70), greater than Momentive Global Inc. (-29.54), greater than Clearwater Analytics Holdings, Inc. (-1132.91), greater than Expensify, Inc. (-6.25), less than Model N, Inc. (4.49K), greater than IDEX Biometrics ASA (-0.42), greater than Issuer Direct Corporation (-68.52), less than eGain Corporation (21.32), less than MiX Telematics Limited (57.78), greater than Research Solutions, Inc. (-141.03), greater than IDEX Biometrics ASA (-2.81),

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