Taoping Inc. (NASDAQ: TAOP)’s stock price has soared by 0.93 in relation to previous closing price of 1.06. Nevertheless, the company has seen a loss of -0.94% in its stock price over the last five trading days. InvestorPlace reported 2024-01-30 that Chinese stocks to avoid are becoming clearer as doubts about the Chinese economy loom large. Indexes from Hong Kong to New York Continue to weigh Beijing’s efforts to prop up its economy while traders there are seeing which Chinese stocks to avoid.
Is It Worth Investing in Taoping Inc. (NASDAQ: TAOP) Right Now?
The 36-month beta value for TAOP is also noteworthy at 0.74. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for TAOP is 1.01M, and at present, short sellers hold a 14.60% of that float. The average trading volume of TAOP on April 25, 2024 was 486.13K shares.
TAOP’s Market Performance
TAOP’s stock has seen a -0.94% decrease for the week, with a -0.94% drop in the past month and a -7.77% fall in the past quarter. The volatility ratio for the week is 8.95%, and the volatility levels for the past 30 days are at 9.92% for Taoping Inc. The simple moving average for the last 20 days is 0.90% for TAOP’s stock, with a simple moving average of -46.48% for the last 200 days.
TAOP Trading at -8.10% from the 50-Day Moving Average
After a stumble in the market that brought TAOP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -89.51% of loss for the given period.
Volatility was left at 9.92%, however, over the last 30 days, the volatility rate increased by 8.95%, as shares sank -4.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.77% lower at present.
During the last 5 trading sessions, TAOP fell by -3.70%, which changed the moving average for the period of 200-days by -85.14% in comparison to the 20-day moving average, which settled at $1.0578. In addition, Taoping Inc. saw -26.21% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TAOP
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.27 for the gross margin
The net margin for Taoping Inc. stands at -0.22. The total capital return value is set at -0.23. Equity return is now at value -2.82, with -1.10 for asset returns.
Based on Taoping Inc. (TAOP), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at -0.72. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is -4.11.
Currently, EBITDA for the company is 7.28 million with net debt to EBITDA at -12.64. When we switch over and look at the enterprise to sales, we see a ratio of 0.23. The receivables turnover for the company is 5.32for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
In summary, Taoping Inc. (TAOP) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
