BKTI Stock Summary and Trading Ideas (BK Technologies | AMEX:BKTI)

BK Technologies Corp a holding company, operates primarily through its subsidiary, BK Technologies, Inc., specializing in designing, manufacturing, and marketing wireless communications equipment. Its Radio business unit offers two-way land mobile radios (LMRs) serving government and public safety markets, as well as industrial and commercial enterprises. The SaaS business unit focuses on public safety smartphone applications, enhancing first responders' safety and efficiency. The BKRplay application, tethered to BK radios, amplifies user capabilities, expanding the reach of their radio sales. Its product portfolio consists of two-way land mobile radios, handheld radios, radios installed in vehicles.

BK Technologies trades on the AMEX stock market under the symbol BKTI.

As of April 15, 2024, BKTI stock price declined to $13.79 with 11,944 million shares trading.

BKTI has a beta of -0.02, meaning it tends to be less sensitive to market movements. BKTI has a correlation of 0.00 to the broad based SPY ETF.

BKTI has a market cap of $48.61 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, BKTI stock traded as high as $26.00 and as low as $7.95.

The top ETF exchange traded funds that BKTI belongs to (by Net Assets): VTI, VXF, IWC, DFAS, DFUS.

BKTI has underperformed the market in the last year with a price return of +1.8% while the SPY ETF gained +23.9%. However, in the short term, BKTI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.6% vs +6.2% return in SPY. But in the last 2 weeks, BKTI shares have been beat by the market, returning -7.5% compared to an SPY return of -3.4%.

BKTI support price is $12.95 and resistance is $14.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BKTI stock will trade within this expected range on the day.