Taoping Inc (NASDAQ:TAOP) price on Wednesday, November 13, fall -7.18% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.37.
A look at the stock’s price movement, the close in the last trading session was $0.40, moving within a range at $0.3315 and $0.3986. The beta value (5-Year monthly) was 0.693 while the PE ratio in trailing twelve months stood at 0.72. Turning to its 52-week performance, $2.01 and $0.38 were the 52-week high and 52-week low respectively. Overall, TAOP moved -28.08% over the past month.
Taoping Inc’s market cap currently stands at around $1.67 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 52M for the company’s revenue for the quarter, with a low and high estimate of 52M and 52M respectively. The average forecast suggests up to a 109.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 52M, representing a 109.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TAOP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.03, with TAOP’s current price about -16.63% and -30.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.68, while 7-day volatility ratio is 12.76% and 11.53% in the 30-day chart. Further, Taoping Inc (TAOP) has a beta value of 0.70, and an average true range (ATR) of 0.06.
If we refocus on Taoping Inc (NASDAQ:TAOP), historical trading data shows that trading volumes averaged 1.24 over the past 10 days and 329.79K over the past 3 months. The company’s latest data on shares outstanding shows there are 4.52 million shares.
The 12.07% of Taoping Inc’s shares are in the hands of company insiders while institutional holders own 6.07% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 40973.0 on 2024-10-31, giving us a short ratio of 0.19. The data shows that as of 2024-10-31 short interest in Taoping Inc (TAOP) stood at 68.0 of shares outstanding, with shares short falling to 42238.0 registered in 2024-09-30. Current price change has pushed the stock -74.48% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TAOP stock continues to rise going into the next quarter.
