The stock of Taoping Inc (TAOP) has gone up by 0.46% for the week, with a -24.00% drop in the past month and a -37.26% drop in the past quarter. The volatility ratio for the week is 10.24%, and the volatility levels for the past 30 days are 10.68% for TAOP. The simple moving average for the past 20 days is -7.98% for TAOP’s stock, with a -54.01% simple moving average for the past 200 days.
Is It Worth Investing in Taoping Inc (NASDAQ: TAOP) Right Now?
Taoping Inc (NASDAQ: TAOP) has a price-to-earnings ratio of 0.68x that is above its average ratio. Additionally, the 36-month beta value for TAOP is 0.65. There are mixed opinions on the stock, with 1 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 4.00M and currently, short sellers hold a 3.18% ratio of that float. The average trading volume of TAOP on November 27, 2024 was 370.76K shares.
TAOP) stock’s latest price update
Taoping Inc (NASDAQ: TAOP)’s stock price has plunge by 5.94relation to previous closing price of 0.33. Nevertheless, the company has seen a 0.46% surge in its stock price over the last five trading sessions. 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 Trading at -30.60% 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 -82.61% of loss for the given period.
Volatility was left at 10.68%, however, over the last 30 days, the volatility rate increased by 10.24%, as shares sank -20.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.22% lower at present.
During the last 5 trading sessions, TAOP rose by +0.49%, which changed the moving average for the period of 200-days by -69.32% in comparison to the 20-day moving average, which settled at $0.3799. In addition, Taoping Inc saw -75.89% 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:
- 0.03 for the present operating margin
- 0.21 for the gross margin
The net margin for Taoping Inc stands at 0.05. The total capital return value is set at 0.09. 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 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at -0.42. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 4.28.
Currently, EBITDA for the company is 3.35 million with net debt to EBITDA at 2.52. When we switch over and look at the enterprise to sales, we see a ratio of 0.26. The receivables turnover for the company is 5.55for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.
Conclusion
In conclusion, Taoping Inc (TAOP) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
