Taoping Inc [NASDAQ: TAOP] loss -18.84% on the last trading session, reaching $0.16 price per share at the time.
If compared to the average trading volume of 515.32K shares, TAOP reached a trading volume of 35724782 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 0.06. 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 0.12.
Trading performance analysis for TAOP stock
Taoping Inc [TAOP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -25.59. With this latest performance, TAOP shares dropped by -25.93% in over the last four-week period, additionally sinking by -60.62% over the last 6 months – not to mention a drop of -82.21% 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 29.27, with the RSI for the last a single of trading hit 23.50, and the three-weeks RSI is set at 32.74 for Taoping Inc [TAOP]. The present Moving Average for the last 50 days of trading for this stock 0.2484, while it was recorded at 0.1972 for the last single week of trading, and 0.3983 for the last 200 days.
Taoping Inc [TAOP]: A deeper dive into fundamental analysis
Taoping Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 2.19.
