MICT Inc. (NASDAQ:MICT) shares traded 1.39% higher at $0.99 on Wall Street last session.
In accordance with the data, 1 analysts cover MICT Inc. (NASDAQ:MICT). The consensus rating among analysts is ‘Buy’. MICT stock price is now 4.31% away from the 50-day moving average and 35.02% away from the 200-day moving average. The market capitalization of the company currently stands at $153.70M.
It has been rated a hold by 0 analysts and a buy by 1.
With the price target of $4.25, Alliance Global Partners recently initiated with Buy rating for MICT Inc. (NASDAQ: MICT).
A total of 28.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MICT stock. A new stake in MICT Inc. shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $80,000. ROYAL BANK OF CANADA invested $22,000 in shares of MICT during the first quarter. In the first quarter, VICTORY CAPITAL MANAGEMENT INC acquired a new stake in MICT Inc. valued at approximately $12,000. TOWER RESEARCH CAPITAL LLC (TRC) acquired a new stake in MICT for approximately $10,000. In total, there are 24 active investors with 6.00% ownership of the company’s stock.
MICT Inc. (NASDAQ: MICT) opened at $0.9800 on Friday. During the past 12 months, MICT Inc. has had a low of $0.41 and a high of $1.35. The fifty day moving average price for MICT is $0.9551 and a two-hundred day moving average price translates $0.7352 for the stock.
The latest earnings results from MICT Inc. (NASDAQ: MICT) was released for Jun, 2022. According to the Computer Hardware Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.05 by 0.02. This compares to -$0.04 EPS in the same period last year. The net profit margin was -76.10% and return on equity was -29.80% for MICT. The company reported revenue of $13.76 million for the quarter, compared to $18.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.7 percent. For the current quarter, analysts expect MICT to generate $15.88M in revenue.
MICT Inc.(MICT) Company Profile
MICT, Inc., through its subsidiaries, engages in the financial technology and insurance business in China, Singapore, and Hong Kong. It primarily develops platforms for insurance products, and financial products and services. The company also deals in securities, futures, and options; and provides securities advisory and asset management services, as well as the Magpie Invest app that allows to trade in securities on various stock exchanges. In addition, it conducts insurance brokerage and agency businesses; and offers a range of insurance products, including automobile, property and liability, life, and health insurance products. The company was formerly known as Micronet Enertec Technologies, Inc. and changed its name to MICT, Inc. in July 2018. MICT, Inc. was incorporated in 2002 and is based in Montvale, New Jersey.