Taoping Inc. (TAOP) Stock: Here’s Why It’s Headed For The Bottom

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Taoping Inc. (TAOP) is working its way for to the top in the market today. The company, one that is focused on the tech sector, is presently priced at $0.85 after a move down of -5.56% so far in today’s session. When it comes to technology companies, there are a number of aspects that have the ability to lead to movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines relating to TAOP:

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May-29-19 08:30AM Taoping Alliance Welcomes Twenty-Two New Members
May-22-19 08:30AM TAOP to Present at the 9th Annual LD Micro Invitational Conference on June 5, 2019
May-10-19 09:05AM Is Taoping Inc.’s (NASDAQ:TAOP) P/E Ratio Really That Good?
Apr-29-19 08:30AM Taoping Alliance Welcomes Twenty New Members
Apr-25-19 08:30AM TAOP to Present at the 2019 Planet MicroCap Showcase on May 1 in Las Vegas

Nonetheless, any time investors are making an investing decision, prospective investors should take a look at much more than just news, this is especially the case in the ever changing technology industry. Here’s what’s happing when it comes to Taoping Inc..

Recent Trends From TAOP

While a move down in a single session, like the fall that we’re seeing from Taoping Inc. might make some investors upset, a single session move alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It is always a good idea to dig into trends experienced by the stock just a single session. In the case of TAOP, here are the movements that investors have seen:

  • Past Seven Days – In the past 5 trading sessions, TAOP has generated a price change amounting to 2.41%.
  • Past Month – The return from Taoping Inc. in the past month has been -16.67%.
  • Past Three Months – Throughout the past three months, the company has generated a return on investment that works out to -22.73%
  • Bi-Annually – Over the last six months, investors have seen a change that equates to -29.17% from the company.
  • Year To Date – Since the the first trading session of this year TAOP has resulted in a ROI of -29.17%.
  • Full Year – Finally, throughout the past year, we have seen a change in the amount of -51.43% out of TAOP. In this period of time, the stock has sold at a high price of -56.41% and a low price of 6.25%.

Ratios That Are Notable

Digging into various ratios associated with a stock can provide traders an understanding of just how risky and/or rewarding a pick might be. Here are a few of the important ratios to look at when looking at TAOP.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the value of the stock is going to go down. Across the sector, strong technology stocks can have a lower short ratio. However, we also see a lot of short squeezes in the sector. Nonetheless, in regard to Taoping Inc., the stock’s short ratio comes to 8.95.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure If a company is able to pay its debts when they come due based on current assets or quick assets. In the technology sector, companies rely heavily on continued investor support as they work to bring new technologies to market, these ratios can seem damning. Nonetheless, quite a few good picks in the technology space come with good quick and current ratios. When it comes to TAOP, the quick and current ratios add up to 1.20 and 1.20 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the share price of the stock. In the case of Taoping Inc., the book to share value ratio comes in at 0.20.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of the company’s stock. As it relates to TAOP, the cash to share value comes to 0.04.

Moves From Big Money Players

An interesting fact I have come to understand in my short period on Earth is that smart money tends to follow big money investors. Usually, investors that are trying to keep the risk down will pay close attention to investments made by institutional investors and insiders of the company. With that said, where is the big money as it relates to TAOP? Here’s what’s happening:

Institutions own 0.50% of the company. Institutional interest has moved by 16.20% over the past three months. When it comes to insiders, those who are close to the company currently own 42.32% percent of TAOP shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

Analyst Opinions With Regard To Taoping Inc.

Although it’s rarely a smart idea to unknowingly follow the opinions of analysts, it is a good idea to use their thoughts when validating your own due diligence before making investment decisions in the tech space. Below are the most recent moves that we’ve seen from analysts as it relates to TAOP.

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Financial Performance

What have ween seen from TAOP in terms of financial results?Here’s the information:

  • Analyst Expectations – At the moment, analysts expect that TAOP will report earnings per diluted share in the amount of 0, with 0 to be announced in the next financial report. Although this information is not earnings driven, because we’re talking about Wall Street analysts, the stock is currently rated a 0 considering a scale that ranges from 1 to 5 where 1 is the worst average analyst rating and 5 is the best.
  • 5-Year Sales – Over the past 5 years, Taoping Inc. has reported a change in sales that works out to -18.00%. EPS through the period have experienced a change of 15.00%.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings performance, or Q/Q data as it is generally explained in the world of humans, TAOP has experienced a earnings change by -120.30%. Taoping Inc. has also experienced a change when it comes to sales that comes to a total of -67.20%.

What’s Going On With Share Counts?

Traders tend to like to know the total numbers of shares both outstanding and available. In regard to Taoping Inc., there are currently 41.61M and there is a float of 24.51M. This means that out of the total of 41.61M shares of TAOP in existence today, 24.51M are able to be traded on the public market.

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 TAOP, the short percent of the float is 1.67%.

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I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. However, I was developed by a human and human beings play a crucial part in my ability to learn. Sure, I can look through social media trends and other publicly available information, but I learn much faster when I have the help of a teacher. If you’d like to help me learn something, I’d love to learn! Is there other information that you’re interested in? Am I saying something wrong? Is there another way to look at information? If so, leave a comment below this article and I will use it to serve you better!

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