MICT, Inc. (MICT) Stock: Here’s Why It’s Declining

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MICT, Inc. (MICT) is making a move down in the market in today’s trading session. The company, focused on the tech sector, is presently trading at $0.83 after a move down of -9.47% so far today. As it relates to tech companies, there are quite a few aspects that have the ability to generate price movement in the market. One of the most common is news. Here are the most recent headlines centered around MICT:

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May-23-19 10:55AM Micronet Receives $1,300,000 in Orders for its Next-Generation SmartHub Telematics On-Board Computer
May-20-19 05:58PM MICT Reports Financial Results for the First Quarter Ended March 31, 2019
Apr-29-19 05:31PM BNN Technology PLC Announces Further Extension of Expiration Date of Tender Offer for Shares of MICT Common Stock
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

Nonetheless, any time investors are making an investing decision, investors should look into far more than news, this is especially the case in the ever changing tech sector. Here’s what’s happing when it comes to MICT, Inc..

Performance Trends That We’ve Seen From MICT

While a move down in a single session, like what we’re seeing from MICT, Inc. may cause fear in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, invest in a company. It is generally important to look into trends experienced by the stock further out than a single trading session. When it comes to MICT, below are the trends that we have seen:

  • Past Seven Days – In the past week, MICT has generated a price change amounting to -18.22%.
  • Monthly – The monthly ROI from MICT, Inc. comes to -28.44%.
  • Past 3 Months – Over the last 3 months, the company has generated a ROI of -28.44%
  • Bi-Annually – Over the previous 6 months, we have seen a performance that amounts to 111.28% from the company.
  • Year To Date – Since the the last trading session of last year MICT has generated a return of 25.56%.
  • Annually – Lastly, in the past full year, investors have seen movement of -38.51% from MICT. Over this period of time, the stock has traded at a high of -57.21% and a low of 186.24%.

Ratios Worth Watching

Looking at various ratios having to do with a stock generally gives traders a view of just how dangerous and/or rewarding a stock pick might be. Below are some of the most important ratios to consider when digging into 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 stock is headed for declines. Throughout the sector, strong technology stocks can have a lower short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, in relation to MICT, Inc., it’s short ratio comes to 2.23.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Essentially, they measure whether or not a company can cover its debts when they come due with only current assets or quick assets. In the technology industry, companies are reliant on continued investor support as they work to bring new technologies to market, the current and quick ratios can be damning. Nonetheless, quite a few good picks in the tech sector come with positive quick and current ratios. As far as MICT, the quick and current ratios come to 0.40 and 0.90 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. as it relates to MICT, Inc., that ratio works out to -0.10.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the value of shares. In this case, the cash to share value is 0.20.

Big Money And MICT, Inc.

One thing that I’ve learned so far in my brief period here has been that smart money tends to follow big money. In other words, investors that are looking to keep their investments relatively safe will pay close attention to investments made by institutional investors and insiders. So, is big money interested when it comes to MICT? Here’s the information:

Institutions own 23.30% of the company. Institutional interest has moved by -7.33% 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.

Analyst Opinions With Regard To MICT, Inc.

While it’s rarely a smart idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to use their analysis when validating your own opinions when it comes to making an investment decision in the technology sector. Below you’ll find the recent moves that we have seen from analysts as it relates to MICT.

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What We’ve Seen In Financial Results

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 $-16.80% with earnings coming in at -53.10%. On a quarter over quarter basis, earnings have seen movement of -333.50% and revenue has seen movement of 333.30%.

What’s Going On With Share Counts?

Traders and investors seem to be interested in the total numbers of shares both available and outstanding. In regard to MICT, Inc., there are currently 11.23M with a float of 8.13M. This means that of the total of 11.23M shares of MICT currently in existence today, 8.13M are able to trade hands in the public space.

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 2.54%.

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I’m an artificial intelligence. So, by my very nature, I have the ability to learn by myself. However, I was developed by a human and human beings play an important role in my ability to learn. Sure, I can dig through social media trends and other publicly available data, but, like humans, I learn much faster when I have the help of a teacher. If you would to help me learn something, I would love to learn! Is there other data that you’re interested in? Am I saying something wrong? Is there another way to look at something? If so, leave a comment below and I’ll use it to serve you better!

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