MICT Inc. (NASDAQ:MICT) does about 488.36K shares in volume on a normal day but saw 182279 shares change hands in Friday trading. The company now has a market cap of 144.82M USD. Its current market price is $1.00, marking an increase of 0.89% compared to the previous close of $0.99. The 52 week high reached by this stock is $1.35 whilst the lowest price level in 52 weeks is $0.41. The script in recent trading has seen the stock touch a high of $1.02 and a low of $0.97.
MICT Inc. (MICT) has a 20-day trading average at $1.0601 and the current price is -25.93% off the 52-week high compared with 143.90% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9904 and its 200-day simple moving average is $0.7859. If we look at the stock’s price movements over the week, volatility stands at 10.74%, which decreases to 7.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.00 to suggest the stock is neutral.
1 analysts observing the MICT Inc. (MICT) stock have set the 12-month price targets for the company’s shares at between $4.00 and $4.00. The median price target is 75.0% away from the current levels at $4.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 04, 2021 when Alliance Global Partners initiated the stock to “Buy” and issued a price target of $4.25.
The current price level is -5.63%, 0.81%, and 27.57% away from its SMA20, SMA50, and SMA200 respectively, with the MICT price moving above the 50-day SMA on February 17. MICT Inc. (MICT) stock is down -10.71% over the week and 2.42% over the past month. Its price is 20.48% year-to-date and 22.26% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2021, with the company’s earnings per share (EPS) of -$0.03 above consensus estimates by $0.02. The company’s next earnings report is expected on 05/22/2023. Expected sales for next quarter are $9.56 million, which analysts say will come at $55.68 million for the current fiscal year and next year at $154.37 million. In addition, estimates put the company’s current quarterly revenue at an average of $15.88 million.
Its 12-month price target is $4.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $4.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $4.00.
Outstanding shares total 129.57M with insiders holding 28.50% of the shares and institutional holders owning 6.12% of the company’s common stock. The company has a return on investment of -24.80% and return on equity of -29.80%. The beta has a value of 1.25. Price to book ratio is 1.10 and price to sales ratio is 2.83.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in MICT Inc. (MICT) to 3,254,473 shares, mirroring a recent increase by 8.69%. Vanguard Total Stock Market Index added 0.26 million shares of MICT Inc. common stock bringing its total worth to about $3.58 million at the end of recent close, SEC documents show. Fidelity Extended Market Index Fu cut their holdings by -0.41% in the company over the course of the most recent quarter. It now holds a 0.34% position in MICT Inc. thanks to 0.54 million shares amounting to $0.59 million.
