MICT, Inc. (NASDAQ:MICT) has a beta value of 0.97 and has seen 795,751 shares traded in the last trading session. The company, currently valued at $123.16 Million, closed the last trade at $1.74 per share which meant it gained $0.17 on the day or 10.83% during that session. The MICT stock price is -385.63% off its 52-week high price of $8.45 and 74.77% above the 52-week low of $0.439. If we look at the company’s 10-day average daily trading volume, we find that it stood at 523.16 Million shares traded. The 3-month trading volume is 689.78 Million shares.
The consensus among analysts is that MICT, Inc. (MICT) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.09.
MICT, Inc. (NASDAQ:MICT) trade information
Sporting 10.83% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Nov 20 when the MICT stock price touched $1.75 or saw a rise of 0.57%. Year-to-date, MICT, Inc. shares have moved 95.44%, while the 5-day performance has seen it change 16%. Over the past 30 days, the shares of MICT, Inc. (NASDAQ:MICT) have changed -35.32%. Short interest in the company has seen 54.54 Million shares shorted with days to cover at 0.08.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 244.83% from current levels. The projected low price target is $6 while the price target rests at a high of $6. In that case, then, we find that the current price level is +244.83% off the targeted high while a plunge would see the stock lose 244.83% from current levels.
MICT, Inc. (MICT) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.5% over the past 5 years. Earnings growth for 2020 is a modest +51.8%.
MICT, Inc. (NASDAQ:MICT)’s Major holders
Insiders own 6.81% of the company shares, while shares held by institutions stand at 4.45% with a share float percentage of 4.78%. Investors are also buoyed by the number of investors in a company, with MICT, Inc. having a total of 19 institutions that hold shares in the company. The top two institutional holders are Barclays PLC with over 442.51 Thousand shares worth more than $1.71 Million. As of September 29, 2020, Barclays PLC held 0.83% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 307.33 Thousand shares as of September 29, 2020. The firm’s total holdings are worth over $1.19 Million and represent 0.58% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. As of June 29, 2020, the former fund manager holds about 0.09% shares in the company for having 48420 shares of worth $71.18 Thousand while later fund manager owns 8.41 Thousand shares of worth $39.2 Thousand as of August 30, 2020, which makes it owner of about 0.02% of company’s outstanding stock.