With 37.5% Distance From Low, Is Taoping Inc (NASDAQ:TAOP) Still Renewed For Growth?

In recent trading session, Taoping Inc (NASDAQ:TAOP) saw 120.8 million shares changing hands at last check today with its beta currently measuring 0.63. Company’s recent per share price level of $0.48 trading at $0.16 or 50.28% at last check today assigns it a market valuation of $2.15M. That most recent trading price of TAOP’s stock is at a discount of -318.75% from its 52-week high price of $2.01 and is indicating a premium of 37.5% from its 52-week low price of $0.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.36 million shares which gives us an average trading volume of 729.51K if we extend that period to 3-months.

Taoping Inc (NASDAQ:TAOP) trade information

Upright in the green today for gaining 50.28%, in the last five days TAOP remained trading in the green while hitting it’s week-highest on Friday, 12/20/24 when the stock touched $0.48 price level, adding 41.82% to its value on the day. Taoping Inc’s shares saw a change of -67.14% in year-to-date performance and have moved 48.87% in past 5-day. Taoping Inc (NASDAQ:TAOP) showed a performance of 36.90% in past 30-days. Number of shares sold short was 75526.0 shares which calculate 0.11 days to cover the short interests.

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Taoping Inc (NASDAQ:TAOP)’s Major holders

Insiders are in possession of 9.45% of company’s total shares while institution are holding 1.82 percent of that, with stock having share float percentage of 2.01%. Investors also watch the number of corporate investors in a company very closely, which is 1.82% institutions for Taoping Inc that are currently holding shares of the company.