Long-Term Investors Should Consider Buying the Dips in MICT Inc. [MICT] Stock

Over the past three months, MICT Inc. [MICT] ended the trading day at $1.65 and exhibited a change of -0.60% with a 24 hour trading and reached upto the volume of 639.50K compared to its recorded trading volume of 2.63 million. MICT generated a 1 year amount change with 100.00%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -2.35% with an amount shift of 9.21% over the last month.

On 14, December 2020, MICT’s Insurance Division Enters Into Commercial Partnership with One of China’s Largest Payment Service Providers. According to news published on Yahoo Finance, – With a registered base of more than 100 Million users, the partnership will earn commissions on insurance sales made via the MICT platform .

In the past 52 weeks of trading, this stock has oscillated between a low of $0.44 and a peak of $8.45. Right now, according to Wall Street analyst the average 12-month amount target is $6.00. At the most recent market close, shares of MICT Inc. [NASDAQ:MICT] were valued at $1.65.

FUNDAMENTAL ANALYSIS

This publicly-traded organization’s revenue is $10,841 per employee, while its income is -$95,841 per employee. This company’s Gross Margin is currently 0.60%, its Pretax Margin is -996.44, and its Net Margin is -884.07. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -52.52, -369.26, -64.95 and -203.72 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 36.39 and the whole liability to whole assets at 31.37. It shows enduring liability to the whole principal at 36.39 and enduring liability to assets at 0.31 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 1.6167 points at 1st support level, the second support level is making up to 1.5733. But as of 1st resistance point, this stock is sitting at 1.7067 and at 1.7533 for 2nd resistance point.

MICT Inc. [MICT] reported its earnings at -$0.07 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.1/share signifying the difference of 0.03 and 30.00% surprise value.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for MICT Inc. [NASDAQ:MICT] is 4.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 11.03. Now if looking for a valuation of this stock’s amount to sales ratio it’s 19.97 and it’s amount to book ratio is 3.05.

Insider Stories

The most recent insider trade was by Bialos Jeffrey P., Director, and it was the sale of 13000.0 shares on Aug 28. Bialos Jeffrey P., the Director, completed a sale of 7000.0 shares on Aug 27. On Aug 26, Bialos Jeffrey P., Director, completed a sale of 17424.0 shares.