The price-to-earnings ratio for Taoping Inc. (NASDAQ: TAOP) is above average at 1.13x, Company’s 36-month beta value is 0.63.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TAOP is 3.97M, and currently, short sellers hold a 0.85% ratio of that floaft. The average trading volume of TAOP on September 17, 2024 was 153.71K shares.
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TAOP) stock’s latest price update
Taoping Inc. (NASDAQ: TAOP)’s stock price has soared by 9.56 in relation to previous closing price of 0.53. Nevertheless, the company has seen a gain of 41.22% in its stock price over the last five trading days. prnewswire.com reported 2024-09-05 that SHENZHEN, China , Sept. 5, 2024 /PRNewswire/ — Taoping Inc. (Nasdaq: TAOP, the “Company”), a provider of innovative smart cloud platform services and solutions, new media and artificial intelligence (AI) solutions, today reported a 28.4% year over year revenue growth to $18.1 million for the six months ended June 30, 2024, with a significant improvement in profitability as the Company delivered net income of $0.13 per diluted share, compared to a net loss of $1.10 per diluted share in the same period of last year.
TAOP’s Market Performance
Taoping Inc. (TAOP) has experienced a 41.22% rise in stock performance for the past week, with a 12.41% rise in the past month, and a -19.89% drop in the past quarter. The volatility ratio for the week is 16.83%, and the volatility levels for the past 30 days are at 12.47% for TAOP. The simple moving average for the past 20 days is 10.38% for TAOP’s stock, with a -39.80% simple moving average for the past 200 days.
TAOP Trading at -1.90% 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 -78.63% of loss for the given period.
Volatility was left at 12.47%, however, over the last 30 days, the volatility rate increased by 16.83%, as shares surge +5.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.09% lower at present.
During the last 5 trading sessions, TAOP rose by +41.22%, which changed the moving average for the period of 200-days by -61.66% in comparison to the 20-day moving average, which settled at $0.5262. In addition, Taoping Inc. saw -60.07% 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:
- -0.01 for the present operating margin
- 0.23 for the gross margin
The net margin for Taoping Inc. stands at -0.01. The total capital return value is set at -0.02. Equity return is now at value 16.97, with 6.87 for asset returns.
Based on Taoping Inc. (TAOP), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at -0.26. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is -0.34.
Currently, EBITDA for the company is 2.8 million with net debt to EBITDA at 3.35. When we switch over and look at the enterprise to sales, we see a ratio of 0.27. The receivables turnover for the company is 4.4for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
In a nutshell, Taoping Inc. (TAOP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
