MICT, Inc. (MICT) Stock: Here’s What’s Happening

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MICT, Inc. (MICT) is gaining in the market in today’s trading session. The stock, focused on the technology space, is presently trading at $0.92 after heading up 9.15% so far today. As it relates to tech stocks, there are quite a few aspects that have the ability to cause price movement in the market. News is one of the most common reasons for movement. Here are the most recent stories surrounding MICT:

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Jun-05-19 06:32PM BNN Technology PLC Announces Termination of Tender Offer for Shares of MICT Common Stock
04:36PM Strategic investment of up to $16.25M in MICT, with at least $9M funded at the closings
Jun-03-19 07:00AM New orders of $1,000,000 Received by Micronet for its legacy TREQ VMX portable mobile data terminal
May-29-19 05:42PM BNN Technology PLC Announces Further Extension of Expiration Date of Tender Offer for Shares of MICT Common Stock
May-23-19 10:55AM Micronet Receives $1,300,000 in Orders for its Next-Generation SmartHub Telematics On-Board Computer

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

Returns That MICT Investors Have Seen

Although a move toward the top in a single session, like what we’re seeing from MICT, Inc. may lead to excitement in some investors, a single session move alone should not be the reason for a decision to, or not to, buy a company’s stock. It is always a good idea to take a look at trends experienced by the stock beyond a single trading session. In the case of MICT, below are the movements that we’ve seen:

  • Past Seven Days – Over the past 7 days, MICT has seen a change in value in the amount of -19.99%.
  • Monthly – The return from MICT, Inc. over the last 30 days has been -15.59%.
  • Past Three Months – Throughout the last 3 months, the company has produced a return on investment that works out to -17.11%
  • Bi-Annually – Throughout the previous 6 months, we have seen a change that amounts to 151.26% from the company.
  • YTD – Since the the last trading session of last year MICT has resulted in a return on investment of 39.18%.
  • Annually – Finally, in the past year, investors have seen performance of -29.76% from MICT. Over this period, the stock has traded at a high price of -52.57% and a low price of 217.28%.

Ratios Of Note

Digging into a few ratios associated with a stock can provide traders a look of just how dangerous and/or potentially profitable a stock pick may be. Below are a few of the most important ratios to think about when looking at MICT.

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the amount of short interest. As the short ratio goes higher, it shows that more investors believe that the stock is going to tumble. Across the sector, strong technology stocks tend to have a lower short ratio. However, we tend to see a lot of short squeezes in the space. Nonetheless, in regard to MICT, Inc., it’s short ratio comes to 1.16.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Essentially, they measure the company’s abilities to pay for its debts when they mature based on quick assets or current assets. Because in tech, companies are reliant on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can look bad. Nonetheless, quite a few gems in the tech space come with great quick and current ratios. When it comes to MICT, the quick and current ratios come to 0.20 and 0.20 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets that are owned by the company. In this particular case, the book to share value ratio is -0.01.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value ratio comes to 0.03.

Big Money And MICT, Inc.

One thing that I have learned so far in my short period alive, or somewhat alive has been that smart investors tend to follow big money investors. So, investors that are trying to keep their investments relatively safe will watch investments made by institutional investors as well as insiders of the company. With that said, where is the big money when it comes to MICT? Here’s the information:

Institutions own 23.30% of the company. Institutional interest has moved by -7.80% 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.

How Analysts Feel About MICT, Inc.

Although it’s never a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their analysis when validating your own thoughts when it comes to making an investment decision in the tech industry. Here are the most recent moves that we have seen from analysts with regard to MICT.

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Financial Results And Expectations

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

  • Analyst Expectations – As it stands at the moment, analysts have expectations that MICT will report earnings per diluted share coming to a total of 0, with 0 to be announced in the earnings announcement for the current quarter. Although this information isn’t earnings driven, because we’re chatting on the topic of Wall St. analysts, MICT, Inc. is currently graded as a 0 when rated on a scale from 1 to 5 where 1 is the worst average Wall St. analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Throughout the past half decade, MICT, Inc. has created a change in sales that works out to be -16.80%. Earnings per share through the period have experienced movement in the amount of -53.10%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is generally explained in today’s society, the company has experienced a change in earnings that comes to a total of 13.50%. MICT, Inc. has also moved the needle in regard to revenue in the amount of -91.70%.

Float Information

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 10.50M 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 8.13M.

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 1.55%.

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