Wall Street is negative on Takung Art Co Ltd (TKAT). On average, analysts give TKAT a Strong Sell rating. The average price target is $, which means analysts expect the stock to decrease by -100.00% over the next twelve months.
That average ranking earns TKAT an Analyst Rating of 0, which is better than 0% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Takung Art Co Ltd Stock Today?
Takung Art Co Ltd (TKAT) stock has risen 28.76% while the S&P 500 is lower by -0.01% as of 11:13 AM on Thursday, Jul 9. TKAT has gained $0.34 from the previous closing price of $1.17 on volume of 99,225 shares. Over the past year the S&P 500 has risen 12.15% while TKAT has gained 123.88%. TKAT lost -$0.39 per share the over the last 12 months.