MICT, Inc. (MICT) Stock: A Technology Stock That’s Seeing Gains

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MICT, Inc. (MICT) is making a move up in the market in today’s trading session. The stock, one that is focused on the technology space, is presently trading at $1.00 after heading up 54.32% so far today. As it relates to tech companies, there are several aspects that have the potential to cause gains in the market. News is one of the most common reasons for movement. Here are the recent headlines centered around MICT:

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Nov-08-19 08:55AM MICT raises $25 million through a convertible note, with a conversion price at $1.41 per share and agrees to buy a multi-national financial technology group
Oct-29-19 08:00AM MICT to Host Conference Call to Discuss Financial Results For the Third Quarter of 2019
Oct-23-19 07:00AM Micronet Receives $1,200,000 Order for its TREQ-317 all-in-one On-Board Computer
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

Nonetheless, when making a decision to invest, prospective investors should look into much more than just news, this is especially the case in the ever changing technology sector. Here’s what’s happening in regard to MICT, Inc..

Recent Moves From MICT

While a gain in a single session, like the gain that we’re seeing from MICT, Inc. may make some investors jump for joy, a single session move by itself shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s always a good idea to take a look at trends experienced by the stock just a single trading day. When it comes to MICT, below are the returns on investment that we have seen:

  • Past Seven Days – Throughout the last week, MICT has seen a change in value amounting to 33.33%.
  • Past Month – The monthly performance from MICT, Inc. has been 108.33%.
  • Past Quarter – In the last 3 months, the stock has generated a return on investment that comes to 44.93%
  • Bi-Annually – Throughout the last six months, we have seen a change that amounts to -8.26% from the company.
  • This Year So Far – Since the the first trading session of this year MICT has produced a ROI of 51.26%.
  • Annually – Finally, over the last year, investors have seen a change amounting to 25.00% from MICT. Throughout this period of time, the stock has sold at a high price of -31.44% and a low of 244.83%.

Notable Ratios

Looking at a few ratios having to do with a company can give traders a look of how risky and/or potentially profitable a an investment option may be. Below are some of the important ratios to think about when looking at MICT.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the amount of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is headed for declines. Throughout the sector, strong tech stocks can come with a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the industry. Nonetheless, in relation to MICT, Inc., the stock’s short ratio is 1.36.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay for its debts when they come due with only quick assets or current assets. Because in tech, many companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can seem damning. Nonetheless, quite a few gems in the tech industry come with good current and quick ratios. As it relates to MICT, the quick and current ratios add up to 0.10 and 0.10 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets that are owned by the company. In this case, the book to share value ratio works out to -0.08.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value works out to 0.01.

What Are Big Money Players Doing With MICT, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in MICT, here’s what we’re seeing:

Institutions own 24.20% of the company. Institutional interest has moved by 4.69% over the past three months. When it comes to insiders, those who are close to the company currently own 26.85% 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 never a smart idea to blindly follow the opinions of analysts, it is a smart idea to consider their opinions when validating your own before making an investment decision in the tech sector. Here are the recent moves that we have seen from analysts as it relates to MICT.

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Earnings

What have ween seen from MICT in terms of financial results?Here is the data:

  • Analyst Expectations – Currently, analysts have expectations that the company will report EPS that comes to 0, with 0 being reported in the earnings announcement for the current quarter. Although this is not associated with earnings, because we’re chatting about Wall Street analysts, the stock is currently rated a 0 when rated on a scale from 1 to 5 on which 1 is the worst possible analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Throughout the last half decade, MICT, Inc. has reported a movement in sales volume that works out to -16.80%. EPS in the last half decade have seen movement in the amount of -53.10%.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is often explained in the human world, MICT has generated a change in earnings that amounts to 28.90%. MICT, Inc. has also seen movement with regard to sales that amounts to 0.

What You Need To Know About 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 7.10M 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 7.10M.

I also find it important to take a look at the short percent. Think about it, when a high percentage of the float is sold short, the overall opinion among traders is that the equity is headed for a deep dive. As far as it relates to MICT, the percentage of the float that is currently being sold short is 0.36%. Most traders believe that a concerning short percent of the float would be considered to be anything over 40%. However, I’ve found that a short percent of the float over 26% is generally a risky play.

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