New York, May 25, 2026, 12:01 (EDT)
- Nasdaq is shut Monday for Memorial Day, with normal trading set to pick up again Tuesday.
- HKIT finished the session on Friday at $0.6700, gaining 0.72%, then slipped in after-hours trading.
- The stock dropped roughly 2.5% last week and is still trading near its 52-week low.
Hitek Global Inc. shares on the Nasdaq are trading close to 12-month lows as the market heads into a week shortened by the Memorial Day break. U.S. markets are closed Monday, according to the Nasdaq 2026 holiday schedule, which has May 25 listed as a market holiday. Standard trading runs 9:30 a.m. to 4 p.m. Eastern on normal days.
HKIT doesn’t have much margin for error. The stock finished May 22 at $0.6700, ticking up 0.72%, but it dropped to $0.6601 after hours. Webull put the Friday range between $0.6460 and $0.7300 on volume of 89,360 shares, with the market cap around $6.47 million. That puts HKIT in micro-cap territory.
HKIT didn’t put together a full bounce this week. According to StockAnalysis, shares finished Friday under their May 15 close of $0.687. That’s a drop of about 2.5% for the week. The stock moved between 62 cents and 73 cents across the last five sessions.
Investors are still processing Hitek’s April 50-for-1 reverse split. The move reduced the number of Class A shares and lifted the trading price, but did not affect the company’s business. Hitek said the split, which took effect April 6, was meant to keep its Nasdaq Capital Market listing by meeting the exchange’s minimum price rule.
Hitek’s trading setup includes its financing moves. In March, the company announced an at-the-market program to sell up to $100 million of new shares, working with Maxim Group. But a following SEC filing said Maxim ended that agreement on March 26, after Hitek had sold 5,852,011 Class A shares through the program.
Hitek said it priced a $3 million registered direct offering at $0.03 a share or pre-funded warrant, before the reverse split, with the sale made directly to select investors. Univest Securities was the only placement agent.
Hitek posted higher revenue for fiscal 2025, landing at about $6.5 million, up from $2.9 million last year, with hardware sales doing the heavy lifting. Gross profit, though, dropped down to $0.7 million from $1.0 million, and cash also slipped to $3.6 million from $7.2 million. CEO Xiaoyang Huang called 2025 a year of “strategic progress and stabilized growth,” pointing to hardware gains and operating efficiency. PR Newswire
Competition isn’t clear. Hitek does China IT services and tax hardware and software. The business doesn’t match big U.S. tech names. Google Finance lists it with other smaller Nasdaq stocks like EZGO Technologies, Haoxi Health Technology and eLong Power, with those names also down on the page. But their businesses aren’t the same and the comparison doesn’t go far.
The risk is obvious. If trading picks up again Tuesday and traders focus more on dilution than last year’s revenue numbers, HKIT could head back toward the bottom of its range. Investing.com puts the 52-week low at $0.611 and the high at $209, a sign of just how volatile and split-adjusted the stock has been.
For the week, attention shifts from big tech themes to Friday’s close and whether buyers step in. The stock needs to clear last week’s 73-cent high to shake off some of the technical pressure. Below the mid-60-cent zone, selling stays in control, with the stock still working through the effects of a reverse split, recent share sale, and sluggish holiday trading.
