MICT Inc. [MICT] is 1.44% higher this YTD. Is it still time to buy?

MICT Inc. [NASDAQ: MICT] traded at a high on 05/28/21, posting a 9.33 gain after which it closed the day’ session at $2.11. The company report on May 28, 2021 that MICT Added to the MSCI USA Index.

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MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) announces it has been added to the MSCI USA Micro Cap Index effective as of the close of market.

MICT has been selected for inclusion as a constituent stock of the MSCI USA Micro Cap Index, which measures the performance of the microcap segment of the USA equity market.

The results of the trading session contributed to over 4346886 shares changing hands. Over the past one week, the price volatility of MICT Inc. stands at 10.04% while the volatility over the past one month is 8.93%.

The market cap for MICT stock reached $219.80 million, with 114.18 million shares outstanding and 106.59 million shares in the current float. Compared to the average trading volume of 5.15M shares, MICT reached a trading volume of 4346886 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about MICT Inc. [MICT]?

The Average True Range (ATR) for MICT Inc. is set at 0.16, with the Price to Sales ratio for MICT stock in the period of the last 12 months amounting to 183.17. The Price to Book ratio for the last quarter was 2.22, with the Price to Cash per share for the same quarter was set at 0.28.

How has MICT stock performed recently?

MICT Inc. [MICT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.57. With this latest performance, MICT shares gained by 24.12% in over the last four-week period, additionally plugging by 25.60% over the last 6 months – not to mention a rise of 76.57% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MICT stock in for the last two-week period is set at 68.04, with the RSI for the last a single of trading hit 78.18, and the three-weeks RSI is set at 60.92 for MICT Inc. [MICT]. The present Moving Average for the last 50 days of trading for this stock 1.80, while it was recorded at 1.91 for the last single week of trading, and 2.53 for the last 200 days.

MICT Inc. [MICT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and MICT Inc. [MICT] shares currently have an operating margin of -1413.38 and a Gross Margin at -162.40. MICT Inc.’s Net Margin is presently recorded at -1960.10.

Return on Total Capital for MICT is now -45.98, given the latest momentum, and Return on Invested Capital for the company is -68.30. Return on Equity for this stock declined to -70.41, with Return on Assets sitting at -54.97. When it comes to the capital structure of this company, MICT Inc. [MICT] has a Total Debt to Total Equity ratio set at 2.12. Additionally, MICT Total Debt to Total Capital is recorded at 2.08, with Total Debt to Total Assets ending up at 1.70. Long-Term Debt to Equity for the company is recorded at 0.26, with the Long-Term Debt to Total Capital now at 0.26.

Receivables Turnover for the company is 2.66 with a Total Asset Turnover recorded at a value of 0.03.MICT Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.50 and a Current Ratio set at 4.80.

Insider trade positions for MICT Inc. [MICT]

There are presently around $20 million, or 9.70% of MICT stock, in the hands of institutional investors. The top three institutional holders of MICT stocks are: VANGUARD GROUP INC with ownership of 3,551,521, which is approximately 26.214% of the company’s market cap and around 7.70% of the total institutional ownership; BLACKROCK INC., holding 1,988,668 shares of the stock with an approximate value of $4.2 million in MICT stocks shares; and MORGAN STANLEY, currently with $2.31 million in MICT stock with ownership of nearly 222.961% of the company’s market capitalization.

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Positions in MICT Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 20 institutional holders increased their position in MICT Inc. [NASDAQ:MICT] by around 4,732,635 shares. Additionally, 8 investors decreased positions by around 2,506,973 shares, while 2 investors held positions by with 2,130,946 shares. The mentioned changes placed institutional holdings at 9,370,554 shares, according to the latest SEC report filing. MICT stock had 8 new institutional investments in for a total of 323,543 shares, while 7 institutional investors sold positions of 1,859,048 shares during the same period.

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