How have the shares performed?
Taoping Inc. (TAOP) saw downtrend of -5.50% in the recent trading with $4.98 being its most recent. The current price level -70.46% lower than the highest price of $16.86 marked by the stock while trading over the past 52-weeks, whereas it is 158.49% higher than the lowest price of $1.93 the company dropped to over past 52-weeks. The latest news story on TAOP appeared in GlobeNewswire under the title “TAOP Releases New Server Products to Enhance the Growth of Digital Business” on May-28-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -28.14% below one month high and is +8.26% above of the lowest during that time. Looking into the simple moving average, Taoping Inc. (TAOP)’s stock stands at a SMA-50 of $6.33 while that of 5-day is reading $5.04.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and TAOP’s SMA-200 as of now is $4.88.
Taoping Inc. Earnings – What Happened With TAOP
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $3.74 billion.
TAOP – Taoping Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 7.67 million. TAOP does have institutional investors; and they hold 0.80% of the stock.
Taoping Inc. – Insider Activity and Holdings
As on Mar 30, 2021, HRT Financial LLC was the top most holder in Taoping Inc. (NASDAQ:TAOP) with an ownership of 43100.0 shares of the company or 0.45% of the stake worth $0.41 million. The filing also reveals Citadel Advisors LLC as the second largest holder in the company with a control over 0.24% of the outstanding shares. Its stake is worth $0.21 million for having 22706.0 shares in hand.
Squarepoint Ops LLC also came holding a key position in the company during the recent quarter and it now holds 0.12% of the outstanding shares. With this there are now 7 institutions which have possession in TAOP’s shares.
Technical Analysis of Taoping Inc. (NASDAQ:TAOP) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Taoping Inc. (TAOP), we notice that the stock’s 20-day average volume is at 262,560 shares and 50% of short term indicators are suggesting the stock as Sell. Its 50-day average volume of 1,066,506 shares. And to end with, TAOP’s 100-day average volume are 2,095,187 shares.