Taoping Inc [NASDAQ: TAOP] traded at a high on Monday, posting a 4.67 gain after which it closed the day’ session at $0.35.
The results of the trading session contributed to over 20218004 shares changing hands. Over the past one week, the price volatility of Taoping Inc stands at 12.84% while the volatility over the past one month is 11.68%.
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The market cap for TAOP stock reached $1.55 million, with 4.52 million shares outstanding and 4.00 million shares in the current float. Compared to the average trading volume of 380.06K shares, TAOP reached a trading volume of 20218004 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Taoping Inc [TAOP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TAOP shares is $70.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TAOP stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Taoping Inc is set at 0.04, with the Price to Sales ratio for TAOP stock in the period of the last 12 months amounting to 0.04. The Price to Book ratio for the last quarter was 0.14, with the Price to Cash per share for the same quarter was set at 0.11.
How has TAOP stock performed recently?
Taoping Inc [TAOP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.19. With this latest performance, TAOP shares dropped by -15.90% in over the last four-week period, additionally sinking by -56.04% over the last 6 months – not to mention a drop of -76.34% 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 TAOP stock in for the last two-week period is set at 39.17, with the RSI for the last a single of trading hit 43.78, and the three-weeks RSI is set at 39.14 for Taoping Inc [TAOP]. The present Moving Average for the last 50 days of trading for this stock 0.4642, while it was recorded at 0.3386 for the last single week of trading, and 0.7246 for the last 200 days.
Taoping Inc [TAOP]: Deeper insight into the fundamentals
Taoping Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.50.
Insider trade positions for Taoping Inc [TAOP]
There are presently around $1.82%, or 2.01%% of TAOP stock, in the hands of institutional investors.
