Growth Story Still Intact For Taoping Inc. (TAOP)

Taoping Inc. (TAOP) concluded trading on Wednesday at a closing price of $1.57, with 12.67 million shares of worth about $19.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -45.86% during that period and on Wednesday the price saw a gain of about 37.72%. Currently the company’s common shares owned by public are about 1.56M shares, out of which, 1.01M shares are available for trading.

However, the stock later moved at a day high price of 1.9800, or with a gain of 37.72%. Stock saw a price change of 9.03% in past 5 days and over the past one month there was a price change of 46.73%. Year-to-date (YTD), TAOP shares are showing a performance of 8.28% which decreased to -81.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.80 but also hit the highest price of $10.20 during that period. The average intraday trading volume for Taoping Inc. shares is 356.60K. The stock is currently trading 44.67% above its 20-day simple moving average (SMA20), while that difference is up 24.96% for SMA50 and it goes to -53.21% lower than SMA200.

Taoping Inc. (NASDAQ: TAOP) currently have 1.56M outstanding shares and institutions hold larger chunk of about 3.49% of that.

The stock has a current market capitalization of $2.45M and its 3Y-monthly beta is at 0.73. It has posted earnings per share of -$4.36 in the same period. It has Quick Ratio of 0.49 while making debt-to-equity ratio of 0.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TAOP, volatility over the week remained 27.15% while standing at 18.84% over the month.

Analysts are in expectations that Taoping Inc. (TAOP) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.

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