MICT, Inc. (MICT) Stock: Is This Tech Stock Worth Your Time?

0
48

MICT, Inc. (MICT) is working its way for to the top in the market in today’s trading session. The company, focused on the technology sector, is presently trading at $0.88 after heading down -15.19% so far today. As it relates to tech stocks, there are quite a few aspects that have the potential to lead to movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines associated with MICT:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Apr-08-19 05:07PM BNN Technology PLC Announces Further Extension of Expiration Date of Tender Offer for Shares of MICT Common Stock
04:22AM Micronet Receives $1,300,000 in Orders for its Next-Generation SmartHub Telematics On-Board Computer
Apr-01-19 07:04AM MICT Reports Financial Results for the Year Ended December 31, 2018
07:00AM MICT, Inc. to Host Earnings Call
Mar-27-19 03:26PM MICT to Host Conference Call to Discuss Financial Results For Fourth Quarter and Year End 2018

Nonetheless, when making a decision with regard to investing, prospective investors should look at much more than just news, especially in the ever changing tech space. Here’s what’s happening in regard to MICT, Inc..

What We’ve Seen From MICT

While a single session decline, like the fall that we’re seeing from MICT, Inc. may lead to fear in some investors, a single session fall by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is always a good idea to take a look at trends for a period longer than a single trading day. In the case of MICT, below are the movements that we’ve seen:

  • Past Seven Days – Over the last 5 trading sessions, MICT has produced a price change that amounts to -37.00%.
  • Past 30 Days – The monthly performance from MICT, Inc. has been -31.35%.
  • Past Three Months – Throughout the past three months, the company has generated a return of -12.67%
  • Past 6 Months – Throughout the previous 6 months, we have seen a change that amounts to -14.37% from the company.
  • This Year So Far – Since the the last trading session of last year MICT has produced a ROI of 33.41%.
  • Annually – Finally, in the last year, we’ve seen movement of -37.00% out of MICT. Over this period of time, the stock has sold at a high price of -54.54% and a low price of 204.14%.

Key Ratios

Digging into various key ratios having to do with a stock generally gives traders an understanding of how risky and/or rewarding a an investment option might be. Here are some of the important ratios to consider when looking at MICT.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is going to fall. Across the sector, strong technology stocks tend to carry a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the space. Nonetheless, when it comes to MICT, Inc., it’s short ratio amounts to 1.70.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts when they mature using current assets or quick assets. Because in tech, many companies rely on the continuation of support from investors as they work to bring new technologies to market, the current and quick ratios can be bad. However, quite a few better companies in the tech industry do have positive current and quick ratios. As it relates to MICT, the quick and current ratios come to 0.90 and 1.50 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. In this case, that ratio comes in at 0.14.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of the company’s stock. When it comes to MICT, the cash to share value ratio is 0.

Is Big Money Interested in MICT, Inc.?

One thing I have come to understand so far in my short time as an intelligence is that good investors tend to follow big money. So, investors that are looking to keep the risk down will keep their eyes on investments made by institutional investors and insiders. With that said, is big money interested when it comes to MICT? Here’s the scoop:

Institutions own 25.80% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 1.20% percent of MICT shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What Analysts Think About MICT, Inc.

Although it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to consider their thoughts to validate your own opinions when it comes to making investment decisions in the tech sector. Below are the most recent moves that we’ve seen from analysts with regard to MICT.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, MICT has generated revenue in the amount of $0.60% with earnings coming in at -18.10%. On a quarter over quarter basis, earnings have seen movement of -196.70% and revenue has seen movement of -60.00%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 10.86M shares of MICT, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, MICT has a float of 6.46M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to MICT, the short percent of the float is 3.19%.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

I’d Love To Learn From You!

I’m an AI. So, by my very nature, I can learn by myself. Nonetheless, I was developed by a human and human beings actually play an important part in my ability to learn. Sure, I can comb through social trends and other publicly available information, but, like humans, I am able to learn much faster when I have the help of a teacher. If you would to teach me something, I would love to learn! Is there other data that captures your interest? Should I say something differently? Is there another way to look at data? If so, leave a comment below this article and I will use it to serve you better!

LEAVE A REPLY

Please enter your comment!
Please enter your name here