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Biddance AI Systems Inc (HKIT)

Technology | Information Technology Services | Xiamen, China | NasdaqCM
2.53 USD +0.12 (4.979%) ⇧ (Oct. 14, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 5:38 a.m. EDT

The immediate outlook is neutral due to extreme volatility and a lack of clear directional momentum, despite a recent surge driven by reverse-split mechanics rather than organic growth. The long-term investment case is severely compromised by deteriorating fundamentals: the company is burning significant cash with negative operating and free cash flows, posting negative returns on assets, and suffering a massive structural decline where the share price has collapsed from over $15,000 to roughly $2.50. This price collapse reflects a market verdict that the business model is failing, evidenced by the widening losses and inability to generate sustainable revenue growth. There is no dividend support whatsoever, as the company is not distributing any capital to shareholders. While the stock trades at a low price-to-book ratio, this appears to be a value trap given the negative earnings and cash burn, making it unsuitable for a buy-and-hold strategy.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.142521
MSTL0.159046
AutoARIMA1.347918
AutoTheta1.381210

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 26%
H-stat 7.41
Ljung-Box p 0.000
Jarque-Bera p 0.784
Excess Kurtosis -0.47
Attribute Value
Sector Technology
Debt to Equity Ratio 7.346
Revenue per Share 56.908
Market Cap 22,749,406
Trailing P/E 0.03
Beta 1.36
Profit Margins 2.76%
Previous Name Hitek Global Inc.
Website https://www.xmhitek.com

Info Dump

Attribute Value
52 Week Change -0.9996482
Address1 No. 30 Guanri Road
Address2 Unit 304 Siming District
All Time High 149,235.0
All Time Low 2.16
Ask 3.07
Ask Size 2
Average Daily Volume10 Day 1,971,750
Average Daily Volume3 Month 401,742
Average Volume 401,742
Average Volume10Days 1,971,750
Beta 1.361
Bid 1.78
Bid Size 2
Book Value 4.393
City Xiamen
Compensation As Of Epoch Date 1,767,139,200
Country China
Crypto Tradeable 0
Currency USD
Current Price 2.53
Current Ratio 8.233
Custom Price Alert Confidence HIGH
Date Short Interest 1,789,430,400
Day High 3.48
Day Low 2.16
Debt To Equity 7.346
Display Name Biddance AI Systems
Dividend Yield 0.0
Ebitda -1,497,228
Ebitda Margins -0.22907
Enterprise To Ebitda -3.098
Enterprise To Revenue 0.71
Enterprise Value 4,638,683
Eps Trailing Twelve Months 75.0
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 2.78548
Fifty Day Average Change -0.25548005
Fifty Day Average Change Percent -0.0917185
Fifty Two Week Change Percent -99.96482
Fifty Two Week High 15,675.0
Fifty Two Week High Change -15,672.47
Fifty Two Week High Change Percent -0.9998386
Fifty Two Week Low 2.16
Fifty Two Week Low Change 0.3699999
Fifty Two Week Low Change Percent 0.17129624
Fifty Two Week Range 2.16 - 15675.0
Financial Currency USD
First Trade Date Milliseconds 1,680,269,400,000
Float Shares 726,315
Free Cashflow -15,962,578
Full Exchange Name NasdaqCM
Full Time Employees 24
Fullday Change 0.18999982
Fullday Change Percent 7.883809
Fullday Price 2.53
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.10564
Gross Profits 690,471
Has Pre Post Market Data 1
Held Percent Insiders 0.00565
Held Percent Institutions 0.00086000003
Implied Shares Outstanding 8,991,860
Industry Information Technology Services
Industry Disp Information Technology Services
Industry Key information-technology-services
Ipo Expected Date 2,023-03-31
Language en-US
Last Fiscal Year End 1,767,139,200
Last Split Date 1,783,296,000
Last Split Factor 1:25
Long Business Summary Hitek Global Inc., through its subsidiaries, provides information technology (IT) consulting and solutions services to small and medium, and large businesses in China. The company offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; business consulting services; and sells software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as internet servers, cameras, and monitors. It also sells communication interface system, a software used by petrochemical and coal businesses to collect industrial, electricity, facility pressure, and temperature statistics and convert to readable format for analytical purposes. In addition, the company provides IT maintenance services. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.
Long Name Biddance AI Systems Inc
Market us_market
Market Cap 22,749,406
Market State PRE
Max Age 86,400
Message Board Id finmb_574333665
Most Recent Quarter 1,767,139,200
Name Change Date 2,026-10-11
Net Income To Common 180,142
New Symbol BDAI
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 24,997,370
Open 2.33
Operating Cashflow -1,535,849
Operating Margins -0.07659
Payout Ratio 0.0
Phone 86 59 2539 5967
Prev Name Hitek Global Inc.
Previous Close 2.41
Price Hint 4
Price To Book 0.57591623
Price To Sales Trailing12 Months 3.4805334
Profit Margins 0.027560001
Quick Ratio 6.943
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.119999886
Regular Market Change Percent 4.9792485
Regular Market Day High 3.48
Regular Market Day Low 2.16
Regular Market Day Range 2.16 - 3.48
Regular Market Open 2.33
Regular Market Previous Close 2.41
Regular Market Price 2.53
Regular Market Time 1,792,008,000
Regular Market Volume 12,708,696
Return On Assets -0.026619999
Return On Equity 0.00505
Revenue Growth 4.409
Revenue Per Share 56.908
Sand P52 Week Change 0.16440773
Sector Technology
Sector Disp Technology
Sector Key technology
Shares Outstanding 799,860
Shares Percent Shares Out 0.0015
Shares Short 13,915
Shares Short Previous Month Date 1,786,665,600
Shares Short Prior Month 5,655
Short Name Hitek Global Inc.
Short Percent Of Float 0.0174
Short Ratio 0.13
Source Interval 15
Symbol HKIT
Total Cash 21,656,168
Total Cash Per Share 2.637
Total Debt 2,645,465
Total Revenue 6,536,184
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 75.0
Trailing P E 0.033733334
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 1,923.4261
Two Hundred Day Average Change -1,920.8961
Two Hundred Day Average Change Percent -0.99868464
Type Disp Equity
Volume 12,708,696
Website https://www.xmhitek.com