A Lesson to Learn: MICT Inc. (MICT) – News Heater
Home  »  Companies   »  A Lesson to Learn: MICT Inc. (MICT)...

A Lesson to Learn: MICT Inc. (MICT)

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

MICT Inc. (NASDAQ:MICT) went up by 3.16% from its latest closing price compared to the recent 1-year high of $8.45. The company’s stock price has collected -3.45% of loss in the last five trading sessions. Press Release reported on 07/07/21 that Today’s MICT registration statement amends a May 17, 2021 filing and relates to the registration of a portion of issued restricted shares and the registration of a new shelf registration statement rather than new issuance of stock

>> 7 Top Picks for the Post-Pandemic Economy <<

Is It Worth Investing in MICT Inc. (NASDAQ :MICT) Right Now?

Plus, the 36-month beta value for MICT is at 0.83. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for MICT Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The average price from analysts is $6.00. MICT currently public float of 75.44M and currently shorts hold a 11.16% ratio of that float. Today, the average trading volume of MICT was 2.95M shares.

MICT’s Market Performance

MICT stocks went down by -3.45% for the week, with a monthly drop of -12.11% and a quarterly performance of 15.29%, while its annual performance rate touched -14.41%. The volatility ratio for the week stands at 7.55% while the volatility levels for the past 30 days are set at 6.54% for MICT Inc.. The simple moving average for the period of the last 20 days is -10.69% for MICT stocks with a simple moving average of -7.87% for the last 200 days.

MICT Trading at -4.94% from the 50-Day Moving Average

After a stumble in the market that brought MICT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -76.80% of loss for the given period.

Volatility was left at 6.54%, however, over the last 30 days, the volatility rate increased by 7.55%, as shares sank -14.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.10% upper at present.

During the last 5 trading sessions, MICT fell by -3.45%, which changed the moving average for the period of 200-days by -45.40% in comparison to the 20-day moving average, which settled at $2.1785. In addition, MICT Inc. saw -5.77% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MICT starting from Mercer Darren, who purchase 6,000,000 shares at the price of $1.41 back on May 17. After this action, Mercer Darren now owns 6,000,000 shares of MICT Inc., valued at $8,460,000 using the latest closing price.

Bialos Jeffrey P., the Director of MICT Inc., sale 13,000 shares at $4.94 during a trade that took place back on Aug 28, which means that Bialos Jeffrey P. is holding 185,000 shares at $64,181 based on the most recent closing price.

Stock Fundamentals for MICT

Current profitability levels for the company are sitting at:

  • -1413.38 for the present operating margin
  • -162.40 for the gross margin

The net margin for MICT Inc. stands at -1960.10. The total capital return value is set at -45.98, while invested capital returns managed to touch -68.30. Equity return is now at value -36.60, with -29.90 for asset returns.

Based on MICT Inc. (MICT), the company’s capital structure generated 2.12 points at debt to equity in total, while total debt to capital is 2.08. Total debt to assets is 1.70, with long-term debt to equity ratio resting at 0.26. Finally, the long-term debt to capital ratio is 0.26.

>> 7 Top Picks for the Post-Pandemic Economy <<

When we switch over and look at the enterprise to sales, we see a ratio of 28.44, with the company’s debt to enterprise value settled at 0.04. The receivables turnover for the company is 2.66 and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.77.

Sign up for our FREE Newsletter and get:

Leave a Comment

Your email address will not be published. Required fields are marked *

Sign up for our FREE Newsletter and get:

Is NewAge Inc. (NBEV) a Keeper?

NewAge Inc. (NASDAQ:NBEV) went down by -2.51% from its latest closing price compared to the recent 1-year high of $4.55. The company’s stock price has

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam