Taoping Inc (NASDAQ:TAOP) price on Thursday, January 16, rose 1.55% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.31.
A look at the stock’s price movement, the close in the last trading session was $0.31, moving within a range at $0.2945 and $0.335. The beta value (5-Year monthly) was 0.693 while the PE ratio in trailing twelve months stood at 0.61. Turning to its 52-week performance, $1.98 and $0.29 were the 52-week high and 52-week low respectively. Overall, TAOP moved -1.56% over the past month.
Taoping Inc’s market cap currently stands at around $1.42 million, with investors looking forward to this quarter’s earnings report slated for in February.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TAOP is a 50% 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.
TAOP’s current price about -15.07% and -13.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.85, while 7-day volatility ratio is 17.48% and 18.35% in the 30-day chart. Further, Taoping Inc (TAOP) has a beta value of 0.59, 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 3.57 over the past 10 days and 3.64 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.52 million shares.
The 11.49% of Taoping Inc’s shares are in the hands of company insiders while institutional holders own 2.67% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 83651.0 on 2024-12-31, giving us a short ratio of 0.01. The data shows that as of 2024-12-31 short interest in Taoping Inc (TAOP) stood at 139.0 of shares outstanding, with shares short rising to 75526.0 registered in 2024-11-29. Current price change has pushed the stock -25.41% 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.
