Taoping Inc. (NASDAQ: TAOP) has a higher price-to-earnings ratio of 1.39x compared to its average ratio. TAOP has 36-month beta value of 0.64. Analysts have mixed views 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 1.92% ratio of that float. The average trading volume of TAOP on October 01, 2024 was 152.81K shares.
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TAOP) stock’s latest price update
The stock price of Taoping Inc. (NASDAQ: TAOP) has dropped by -8.29 compared to previous close of 0.78. Despite this, the company has seen a gain of 18.70% 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 seen a 18.70% rise in stock performance for the week, with a 27.60% gain in the past month and a -2.16% plunge in the past quarter. The volatility ratio for the week is 22.94%, and the volatility levels for the past 30 days are at 15.83% for TAOP. The simple moving average for the past 20 days is 28.99% for TAOP’s stock, with a -22.50% simple moving average for the past 200 days.
TAOP Trading at 24.10% 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 -73.17% of loss for the given period.
Volatility was left at 15.83%, however, over the last 30 days, the volatility rate increased by 22.94%, as shares surge +25.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.96% upper at present.
During the last 5 trading sessions, TAOP rose by +18.70%, which changed the moving average for the period of 200-days by -47.72% in comparison to the 20-day moving average, which settled at $0.5586. In addition, Taoping Inc. saw -50.97% 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 0.28. 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
To put it simply, Taoping Inc. (TAOP) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
