MICT Inc. (NASDAQ:MICT) trading with a subtraction of -$0.09 to $1.51 on Thursday, a downside of -5.31 percent. An average of 987,824 shares of common stock have been traded in the last five days. There was a gain of $0.1200 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,273,071 shares traded, while the 50-day average volume stands at 1,673,938.
MICT stock has decreased by -16.23% in the last month. The company shares reached their 1-month lowest point of $1.3700 on 10/11/21. With the stock rallying to its 52-week high on 02/22/21, shares of the company touched a low of $1.23 and a high of $3.36 in 52 weeks. It has reached a new high 8 times so far this year and lost -23.08% or -$0.5200 in price. In spite of this, the price is down -54.91% from the 52-week high.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
MICT Inc. (MICT) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 37.88 for the sector. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.62, the price-to-book (PB) ratio at 1.21.
The quick ratio of MICT Inc. for the three months ended June 29 was 8.80, and the current ratio was 8.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 11.40% against a 5-year average of -2.9%. MICT Inc.’s EBITDA margin for the year ending June 29 is -1245.52%. Its gross profit as reported stood at $58000.0 compared to revenue of $1.17 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, MICT Inc.’s return on assets was -35.30%, compared to -32.6% over the last five years. For the broader industry, ROE averaged 3.62 over the past year.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$18.4 million in the quarter, while revenues of -$4.46 million were grew 101.25%. The analyst consensus anticipated MICT Inc.’s latest quarter earnings to come in at -$0.04 per share, but it turned out to be -$0.08, a -100.00% surprise. For the quarter, EBITDA amounted to -$16.04 million. Shareholders own equity worth $121.49 million.
From a technical analysis perspective, let’s take a brief look at MICT Inc. (MICT) price momentum. RSI 9-day as of the close on 13 October was 50.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 77.87%.
As of today, MICT’s price is $1.4900 +8.33% or $0.1200 from its 5-day moving average. MICT is currently trading -8.24% lower than its 20-day SMA and -13.81% lower than its 100-day SMA. However, the stock’s current price level is -11.36% below the SMA50 and -33.33% below the SMA200.
The stochastic %K and %D were 45.38% and 29.49%, respectively, and the average true range (ATR) was 0.0997. With the 14-day stochastic at 51.73% and the average true range at 0.1040, the RSI (14) stands at 46.99%. The stock has reached 0.0656 on the 9-day MACD Oscillator while the 14-day reading was at 0.0131.
Alliance Global Partners launched coverage on MICT Inc. (NASDAQ: MICT) in its analyst report released on August 04, 2021. The firm assigned the stock a a Buy rating.The consensus rating for MICT Inc. (MICT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MICT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is MICT’s price target for the next 12 months?
Analysts predict a range of price targets between $4.25 and $4.25, with a median target of $4.25. Taking a look at these predictions, the average price target given by analysts for MICT Inc. (MICT) stock is $4.25.