Reasons Why Long-term Faith on MICT Inc. (MICT) Could Pay Off Investors

Let’s start up with the current stock price of MICT Inc. (MICT), which is $5.64 to be very precise. The Stock rose vividly during the last session to $5.01 after opening rate of $5.01 while the lowest price it went was recorded $4.5104 before closing at $4.58.

Recently in News on September 4, 2020, MICT Obtains Stockholder Approval of Certain Stock Issuances and the Increase of its Authorized Share Capital as Pertains to its Recent Acquisition of Global Fintech Holdings. MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) announced today that it has successfully completed its special stockholders meeting. You can read further details here

MICT Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $8.45 on 08/18/20, with the lowest value was $0.44 for the same time period, recorded on 03/27/20.

MICT Inc. (MICT) full year performance was 654.28%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, MICT Inc. shares are logging -33.20% during the 52-week period from high price, and 1385.53% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.38 and $8.45.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2894352 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the MICT Inc. (MICT) recorded performance in the market was 414.43%, having the revenues showcasing 269.35% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 58.21M, as it employees total of 53 workers.

Specialists analysis on MICT Inc. (MICT)

During the last month, 0 analysts gave the MICT Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.24, with a change in the price was noted +4.59. In a similar fashion, MICT Inc. posted a movement of +433.42% for the period of last 100 days, recording 727,611 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MICT is recording 2.16 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Trends and Technical analysis: MICT Inc. (MICT)

Raw Stochastic average of MICT Inc. in the period of last 50 days is set at 61.17%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 47.10%. In the last 20 days, the company’s Stochastic %K was 33.55% and its Stochastic %D was recorded 30.52%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 414.43%. Additionally, trading for the stock in the period of the last six months notably improved by 353.47%, alongside a boost of 654.28% for the period of the last 12 months. The shares increased approximately by -6.53% in the 7-day charts and went down by 24.46% in the period of the last 30 days. Common stock shares were driven by 269.35% during last recorded quarter.