MICT, Inc. (MICT) Stock: Seeing Declines In Today’s Session

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MICT, Inc. (MICT) is headed up in the market today. The company, focused in the tech industry, is presently trading at $0.45 after falling -6.23% so far in today’s session. In terms of technology stocks, there are several factors that have the potential to cause declines in the market. News is one of the most common reasons for movement. Here are the recent headlines surrounding MICT:

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Aug-14-19 06:00AM MICT Reports Financial Results for the Second Quarter Ended June 30, 2019
Aug-07-19 02:06PM MICT to Host Conference Call to Discuss Financial Results For the Second Quarter of 2019
Jul-31-19 07:30AM MICT Closes On $7.25 Million In Strategic Funding
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

However, when making an investing decision, investors should focus on far more than just news, this is especially the case in the ever changing tech industry. Here’s what’s going on with MICT, Inc..

Trends That We’ve Seen From MICT

While a move toward the top in a single session, like the move that we’re seeing from MICT, Inc. might cause fear in some investors, a single session fall by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally a good idea to take a look at trends just a single trading session. When it comes to MICT, below are the movements that we’ve seen:

  • Past 5 Trading Sessions – Throughout the past seven days, MICT has produced a change in value amounting to -12.60%.
  • Past Month – The performance from MICT, Inc. throughout the past 30 days comes to -22.86%.
  • Past 3 Months – Throughout the past 3 months, the stock has produced a return that comes to -27.41%
  • Bi-Annually – In the past 6 months, we have seen a change that equates to -54.77% from the company.
  • Year To Date – Since the the first trading session of this year MICT has produced a return on investment of -31.92%.
  • Annually – Lastly, over the last year, we have seen a change in the amount of -59.08% from MICT. Over this period of time, the stock has sold at a high price of -69.14% and a low of 55.21%.

Rations That Investors Should Think About

Digging into various key ratios having to do with a stock generally gives prospective traders an understanding of how dangerous and/or potentially profitable a pick might be. Below are some of the important ratios to consider when digging into MICT.

Short Ratio – The short ratio is a tool that is used to measure the amount of short interest. The higher this ratio, the more investors believe that the value of the stock is headed for declines. Across the sector, strong tech stocks can have a lower short ratio. However, we also tend to see a lot of short squeezes in the sector. Nonetheless, with regard to MICT, Inc., the stock’s short ratio is 6.86.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure If a company is able to pay for its debts when they mature with only quick assets or current assets. In the technology industry, several companies rely heavily on continued investor support as they work to bring new technologies to market, the quick and current ratios can look bad. However, quite a few gems in the technology industry do have great quick and current ratios. As far as MICT, the quick and current ratios work out to 0.10 and 0.10 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 this particular case, that ratio works out to -0.08.

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. When it comes to MICT, the cash to share value is 0.01.

Moves From Big Money Players

An interesting fact that I’ve come to understand in my short period alive, or somewhat alive has been that smart investors tend to follow the moves made by big money. Usually, investors that are trying to keep the risk down will keep an eye on moves made by institutional investors and those on the inside. So, where is the big money when it comes to MICT? Here’s the scoop:

  • Institutional Investors – As it stands now, institutional investors hold 23.50% of MICT, Inc.. Nonetheless, it is worth considering that the ownership held by institutions has seen a move in the amount of 0 throughout the past quarter.
  • Insider Moves – with regard to insiders, those close to the situation currently own 26.85% of the company. Their ownership of the company has changed by 0.00% over the past 3 months.

Analyst Opinions With Regard To MICT, Inc.

While it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to consider their analysis to validate your own due diligence when it comes to making an investment decision in the technology industry. Here are the recent moves that we’ve seen from analysts when it comes to MICT.

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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 $-16.80% with earnings coming in at -53.10%. On a quarter over quarter basis, earnings have seen movement of 28.90% and revenue has seen movement of 0.

How Many Shares Of MICT Are Available?

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 11.07M 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.

It’s also important to follow the short percent. After all, when a large percentage of the float is shorted, the overall opinion among traders is that the company is going to lose value. As far as MICT, the percentage of the float that is sold short comes to a total of 1.56%. Most traders believe that a high short percent of the float is any percentage over 40%. Through my work, I have found that a short percent of the float over 26% is probably going to be a play that comes with hefty risk.

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