In the last trading session, 103,030,180 shares of the Taoping Inc.(NASDAQ:TAOP) were traded, and its beta was 0.99. Most recently the company’s share price was $10.99, and it changed around $3.95 or 0.56% from the last close, which brings the market valuation of the company to $93.27 Million. TAOP currently trades at a discount to its 52-week high of $15, offering almost -36.49% off that amount. The share price’s 52-week low was $1.86, which indicates that the current value has risen by an impressive 83.08% since then. We note from Taoping Inc.’s average daily trading volume that its 10-day average is 4.14 Million shares, with the 3-month average coming to 657.71 Million.
Taoping Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended TAOP as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Taoping Inc. is expected to report earnings per share of $0 for the current quarter.
Taoping Inc. (NASDAQ:TAOP): Trading Information
Instantly TAOP has showed a green trend with a performance of 56.11% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $14.48 on Monday, Feb 22 increased the stock’s daily price by 24.1%. The company’s shares are currently up 2.87% year-to-date, but still up 1.4921 over the last five days. On the other hand, Taoping Inc. (NASDAQ:TAOP) is 2.2% up in the 30-day period. We can see from the shorts that 6.79 Million shares have been sold at a short interest cover period of 0.01 day(s).
The consensus price target as assigned by Wall Street analysts is $12, which translates to bears needing to increase their stock price by 9.19% from its current value. Analyst projections state that TAOP is forecast to be at a low of $12 and a high of $12. In order for the stock price to hit the forecast high, the stock would need to surge +9.19% from its current level, while the stock would need to crash 9.19% from its current level to reach the projected low.
Taoping Inc. (TAOP) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.8%. Taoping Inc. earnings are expected to decrease by -310.6% in 2021, but the outlook is positive 23% per year for the next five years.
Taoping Inc. (NASDAQ:TAOP)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 39.21% of Taoping Inc. shares, and 1.64% of them are in the hands of institutional investors. The stock currently has a share float of 2.7%. Taoping Inc. stock is held by 2 institutions, with Symmetry Peak Management LLC being the largest institutional investor. By Dec 30, 2020, it held 2.09% of the shares, which is about 155Thousand shares worth $440.2 Thousand.
Renaissance Technologies, LLC, with 0.92% or 68.6 Thousand shares worth $194.82 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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