When Will Taoping Inc (NASDAQ: TAOP) Be A Good Investment?

In the last trading session, 5.02 million Taoping Inc (NASDAQ:TAOP) shares changed hands as the company’s beta touched 0.70. With the company’s per share price at $0.40 changed hands at $0.0 or 0.10% during last session, the market valuation stood at $1.78M. TAOP’s last price was a discount, traded about -402.5% off its 52-week high of $2.01. The share price had its 52-week low at $0.38, which suggests the last value was 5.0% up since then. When we look at Taoping Inc’s average trading volume, we note the 10-day average is 0.18 million shares, with the 3-month average coming to 176.61K.

Taoping Inc (NASDAQ:TAOP) trade information

Instantly TAOP was in green as seen at the end of in last trading. With action -5.29%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -72.24%, with the 5-day performance at -5.29% in the red. However, in the 30-day time frame, Taoping Inc (NASDAQ:TAOP) is -35.08% down. Looking at the short shares, we see there were 56731.0 shares sold at short interest cover period of 0.29 days.

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Taoping Inc (TAOP) estimates and forecasts

Year-over-year growth is forecast to reach 109.30% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 52M. The company’s revenue for the corresponding quarters a year ago was 24.85M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 109.30%.

TAOP Dividends

Taoping Inc is expected to release its next quarterly earnings report in December.

Taoping Inc (NASDAQ:TAOP)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 9.45% of Taoping Inc shares while 4.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 4.93%.