BIO-key International (NASDAQ:BKYI) Share Price Passes Above 50 Day Moving Average – What’s Next?

BIO-key International Inc. (NASDAQ:BKYI)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.66 and traded as high as $0.8778. BIO-key International shares last traded at $0.7347, with a volume of 175,157,441 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on BKYI. Weiss Ratings reiterated a “sell (e+)” rating on shares of BIO-key International in a research note on Wednesday, January 21st. Wall Street Zen raised shares of BIO-key International to a “sell” rating in a report on Saturday, January 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, BIO-key International presently has an average rating of “Sell”.

BIO-key International Stock Up 34.1%

The firm has a market cap of $7.96 million, a price-to-earnings ratio of -0.71 and a beta of 0.37. The firm has a fifty day simple moving average of $0.66 and a 200-day simple moving average of $0.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.13 and a current ratio of 1.26.

BIO-key International (NASDAQ:BKYI) last posted its earnings results on Friday, November 14th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). The company had revenue of $1.55 million for the quarter, compared to analyst estimates of $1.80 million. BIO-key International had a negative return on equity of 73.33% and a negative net margin of 70.23%.

BIO-key International Company Profile

BIO-key International, Inc is a developer and provider of fingerprint biometric identity and access management solutions, serving enterprise and government customers. The company’s core offerings include a range of fingerprint readers and authentication software designed to verify user identity across physical and digital environments. By leveraging proprietary template-on-card and template-on-device technologies, BIO-key seeks to enhance security and streamline user access without reliance on traditional passwords.

In addition to hardware sensors, BIO-key delivers software platforms that integrate with existing IT infrastructures such as Microsoft Active Directory and major workforce management systems.