MICT, Inc. (NASDAQ:MICT) is a big mover this session as the company shares are trading 4.16% or 0.039 points higher from last closing price of $0.937, reaching $0.976 at last check. So what’s going on with MICT shares anyway? The price has risen in 4 of the last 5 days and is down -17.05% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 89,079 shares, and in total 133479 shares valued at $130276 were seen changing hands compared with 44400 shares valued at $41603 recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the MICT stock.
MICT, Inc. (MICT) shares have notched a 3-month decline of about -17.05%, but has still advanced 41.78% year to date. By comparison, the stock sank -28.99% over the past 12 months, while it slipped -11.91% over the 1 month. The company’s market cap is around $9.84M, with its short interest ratio standing at 1.2%.
In the current trading session for MICT, the stock witnessed two major price actions, it rose to a high of $1.01 and was down as much as $0.905 at one point. The high recorded is very low when compared to their 52-week high which is $0.29. The 52-week high is now at -49.69 distance from current price. Their recent low of $1.94 represents a 236.55% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of MICT, Inc. earned $-0.8 per share in the trailing 12 months and has a P/E ratio of -1.22. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 42.58 and lower compared to the sector’s average of 24.02. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. MICT also has P/S multiple of 1.18. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 3.09x.
The company recorded an interesting insider sale transaction by the Insider on Jun 21, 2018. A Securities and Exchanges Commission filings show that David Lucatz sold a total of 1,363,000 MICT shares that day for a sum of around $2,248,950. MICT, Inc. (MICT) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded no shares in the business, which makes up 0% of 80,000 shares that were traded over a year. In the past 12 months, insiders have purchased 80,000 shares while the seller parted with shares.
MICT‘s last price was down -1.76% as compared to the average trading price of 50 days recorded at $0.99 while enlarging the period to 200 trading days, the average closing price was $1.05. At present, there are 10.5 million in the total number of common shares owned by the public and among those 8.13 million shares have been available to trade. The percentage of shares being held by the company management was 1.2% while institutions stake was 23.3%. The company has generated negative returns on equity over the last 12 months (-304.6%). It managed to keep its gross profit margin at 16.4% over the past 12 months.
When assessing the full upside of the MICT stock, there is another set of technicals that should be looked into and considered. Its 0.74% gain from moving average of $0.97 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of -0.84 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly -53.1%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about -16.8 over the last five years. The company recently recorded a drop of -91.7%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards MICT stock. Renaissance Technologies LLC trimmed position in the company after it dumped -126.5% or -606,004 shares of its common stock. The hedge fund now owns 160,591 shares worth $156,737, SEC documents show. Lakeview Capital Partners LLC shored up assets in the stock as 9997.6 shares have been purchased, increasing its stake by 1151.3% to 125,100 shares which are currently valued at $122,098. In addition, Lakeview Capital Partners LLC recently reported that it now owns 262,100 shares making a total of $255,810 based on the recent price. This refelects a change of 6.4% in their ownership.