Taoping Inc. (NASDAQ:TAOP) traded at $0.56 at close of the session on current trade day and made an upward move of 1.31% on its previous day’s price.
Looking at the stock we see that its previous close was $0.56 and the beta (5Y monthly) reads 0.673 with the day’s price range being $0.5169 – $0.5899. In terms of its 52-week price range, TAOP has a high of $5.33 and a low of $0.45. The company’s stock has lost about -18.25% over that past 30 days.
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Taoping Inc. has a market cap of $2.55 million and is expected to release its quarterly earnings report in October.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 52M, with a low of 52M and a high of 52M. The median projection represents growth squeezing down to 109.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 52M, or 109.30% up from figures reported last year.
On the other hand, looking at the outlook for the TAOP stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is 1.59% off its SMA20 and -11.11% from its 50-day simple moving average. The RSI (14) is pointing at 46.38 while the volatility over the past week is 9.48% and jumps to 10.16% over the past one month. The beta value is 0.65, while the average true range (ATR) is currently pointing at 0.05.
Coming back to Taoping Inc. (NASDAQ:TAOP), we note that the average 3-month trading volume was 373.74K, while that of the preceding 10-day period stands at 61620.0. Current shares outstanding are 4.52 million.
The insiders hold 12.07% of the company’s shares while institutions hold 6.55%. The data shows that short shares as of 2024-08-15, stood at 44820.0 at a short ratio of 0.27. This represents a 115.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 42981.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -61.07% down in year-to-date price movement.
