MICT Inc. (NASDAQ:MICT) saw an upside of 2.41% to $1.49 after adding $0.04 on Wednesday. The 5-day average trading volume is 747,942 shares of the company’s common stock. It has gained $1.5000 in the past week. An average of 1,314,550 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,655,482.
MICT’s 1-month performance is -34.68% or -$0.7532 on its low of $1.3700 reached on 10/11/21. The company’s shares have touched a 52-week low of $1.23 and high of $3.48, with the stock’s rally to the 52-week high happening on 02/22/21. YTD, MICT has lost -30.29% or -$0.6132. However, the current price is down -57.33%% from the 52-week high price.
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MICT Inc. (MICT) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 37.08 for the sector.MICT stock has a beta of 0.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.81 while the price-to-book (PB) in the most recent quarter is 1.10.
MICT Inc.’s quick ratio for the period ended June 29 was 8.80, with the current ratio over the same period at 8.80 meaning that MICT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 11.40%. The trailing 12-month EBITDA margin is -1245.52%. The firm’s gross profit as reported stood at $58000.0 against revenue of $1.17 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected MICT to announce -$0.04 per share in earnings in its latest quarter, but it posted -$0.08, representing a -100.00% surprise. EBITDA for the quarter stood at more than -$16.04 million. MICT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 21.86 million, with total debt at $2.53 million. Shareholders hold equity totaling $121.49 million
Let’s look briefly at MICT Inc. (MICT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 40.63% to suggest the stock is trending Neutral, with historical volatility in this time period at 57.31%.
The stock’s 5-day moving average is $1.4394, reflecting a +2.57% or $0.0368 change from its current price. MICT is currently trading -18.06% above its 20-day SMA, -18.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -17.60% and -39.14% respectively.
Stochastic %K and %D was 17.86% and 13.32% and the average true range (ATR) pointed at 0.0870. The RSI (14) points at 40.34%, while the 14-day stochastic is at 26.35% with the period’s ATR at 0.0961. The stock’s 9-day MACD Oscillator is pointing at -0.0240 and -0.0820 on the 14-day charts.
In the most recent analyst report for MICT Inc. (NASDAQ: MICT), Alliance Global Partners launched coverage with a Buy rating. Analysts offering their rating for MICT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate MICT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is MICT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.25 and a high of $4.25, with their median price target at $4.25. Looking at these predictions, the average price target given by analysts is for MICT Inc. (MICT) stock is $4.25.