MICT Inc. (NASDAQ:MICT) went up by 58.45% from its latest closing price compared to the recent 1-year high of $2.60. The company’s stock price has collected -4.74% of loss in the last five trading sessions. Barron’s reported on 04/03/22 that Micron Stock Trades Like a Commodity—It Deserves Far Better
Is It Worth Investing in MICT Inc. (NASDAQ :MICT) Right Now?
Plus, the 36-month beta value for MICT is at 1.02. 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.”
The average price from analysts is $4.00, which is $3.15 above the current price. MICT currently public float of 111.65M and currently shorts hold a 4.06% ratio of that float. Today, the average trading volume of MICT was 383.65K shares.
MICT’s Market Performance
MICT stocks went down by -4.74% for the week, with a monthly drop of -9.47% and a quarterly performance of -17.53%, while its annual performance rate touched -64.94%. The volatility ratio for the week stands at 9.91% while the volatility levels for the past 30 days are set at 9.33% for MICT Inc.. The simple moving average for the period of the last 20 days is 54.14% for MICT stocks with a simple moving average of -23.27% for the last 200 days.
Analysts’ Opinion of MICT
Many brokerage firms have already submitted their reports for MICT stocks, with Alliance Global Partners repeating the rating for MICT by listing it as a “Buy.” The predicted price for MICT in the upcoming period, according to Alliance Global Partners is $4.25 based on the research report published on August 04th of the previous year 2021.
MICT Trading at 43.38% 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 -67.31% of loss for the given period.
Volatility was left at 9.33%, however, over the last 30 days, the volatility rate increased by 9.91%, as shares surge +18.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.24% upper at present.
During the last 5 trading sessions, MICT rose by +21.36%, which changed the moving average for the period of 200-days by -60.98% in comparison to the 20-day moving average, which settled at $0.5571. In addition, MICT Inc. saw -35.37% in overturn over a single year, with a tendency to cut further losses.
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.
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 -26.60, with -22.90 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.
When we switch over and look at the enterprise to sales, we see a ratio of 1.16, 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.