MICT Inc. (MICT) is primed for evolution with the beta value of 0.86 – Invest Chronicle

MICT Inc. (MICT) is primed for evolution with the beta value of 0.86

At the end of the latest market close, MICT Inc. (MICT) was valued at $1.45. In that particular session, Stock kicked-off at the price of $1.45 while reaching the peak value of $1.60 and lowest value recorded on the day was $1.435. The stock current value is $1.60.Recently in News on September 15, 2021, MICT Subsidiary Magpie Securities Launches First Product, Magpie Invest – a Mobile-Based Stock Trading App – in Hong Kong. Magpie Invest is a Proprietary Platform and Technology that Offers Stocks from Global Exchanges, Real Time Market Data, and Analytics. You can read further details here

MICT Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.2300 on 02/22/21, with the lowest value was $1.2300 for the same time period, recorded on 05/13/21.

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MICT Inc. (MICT) full year performance was -51.22%

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 -54.02% during the 52-week period from high price, and 30.08% 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 $1.23 and $3.48.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1957924 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 -23.08%, having the revenues showcasing -21.18% 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 192.99M, 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 1.9267, with a change in the price was noted -0.21. In a similar fashion, MICT Inc. posted a movement of -11.60% for the period of last 100 days, recording 2,253,782 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 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

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Trends and Technical analysis: MICT Inc. (MICT)

Raw Stochastic average of MICT Inc. in the period of last 50 days is set at 24.73%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.53%. In the last 20 days, the company’s Stochastic %K was 26.21% and its Stochastic %D was recorded 12.39%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -23.08%. Additionally, trading for the stock in the period of the last six months notably deteriorated by 0.00%, alongside a downfall of -51.22% for the period of the last 12 months. The shares increased approximately by 11.89% in the 7-day charts and went up by -16.23% in the period of the last 30 days. Common stock shares were lifted by -21.18% during last recorded quarter.

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