The stock of Taoping Inc (NASDAQ: TAOP) has increased by 4.27 when compared to last closing price of 0.30.Despite this, the company has seen a loss of -23.55% in its stock price over the last five trading days. prnewswire.com reported 2024-12-20 that SHENZHEN, China, Dec. 20, 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 announced that on December 19, 2024, it received notification from The Nasdaq Stock Market LLC (“Nasdaq”) confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through June 16, 2025. To regain compliance with Nasdaq’s minimum bid price requirement set forth under Nasdaq Listing Rule 5810(c)(3)(A), the closing bid price of the Company’s ordinary shares needs to be at least US$1.00 per share or greater for at least ten consecutive business days by June 16, 2025.
Is It Worth Investing in Taoping Inc (NASDAQ: TAOP) Right Now?
Taoping Inc (NASDAQ: TAOP) has a higher price-to-earnings ratio of 0.61x compared to its average ratio, The 36-month beta value for TAOP is at 0.61. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TAOP is 4.00M, and currently, shorts hold a 2.09% of that float. The average trading volume for TAOP on January 15, 2025 was 3.15M shares.
TAOP’s Market Performance
TAOP’s stock has seen a -23.55% decrease for the week, with a -6.65% drop in the past month and a -42.29% fall in the past quarter. The volatility ratio for the week is 11.68%, and the volatility levels for the past 30 days are at 17.20% for Taoping Inc The simple moving average for the past 20 days is -15.84% for TAOP’s stock, with a -50.02% simple moving average for the past 200 days.
TAOP Trading at -14.69% 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 -84.20% of loss for the given period.
Volatility was left at 17.20%, however, over the last 30 days, the volatility rate increased by 11.68%, as shares sank -2.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.28% lower at present.
During the last 5 trading sessions, TAOP fell by -23.44%, which changed the moving average for the period of 200-days by -71.26% in comparison to the 20-day moving average, which settled at $0.3717. In addition, Taoping Inc saw -25.93% 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 0.25. 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 had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
