20 institutions hold shares in MICT Inc. (MICT), with 32.19M shares held by insiders accounting for 48.05% while institutional investors hold 8.61% of the company’s shares. The shares outstanding are 91.05M, and float is at 35.94M with Short Float at 1.15%. Institutions hold 4.47% of the Float.
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The top institutional shareholder in the company is Barclays PLC with over 0.44 million shares valued at $1.71 million. The investor’s holdings represent 0.65% of the MICT Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 0.3 million shares valued at $0.63 million to account for 0.44% of the shares outstanding. The other top investors are Lakeview Capital Partners, LLC which holds 0.23 million shares representing 0.34% and valued at over $0.9 million, while Morgan Stanley holds 0.27% of the shares totaling 0.19 million with a market value of $0.72 million.
MICT Inc. (NASDAQ: MICT) is 19.71% higher on its value in year-to-date trading and has touched a low of $0.44 and a high of $8.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MICT stock was last observed hovering at around $2.72 in the last trading session, with the day’s loss setting it -0.23% off its average median price target of $6.00 for the next 12 months. It is also 58.5% off the consensus price target high of $6.00 offered by 1 analysts, but current levels are 58.5% higher than the price target low of $6.00 for the same period.
Currently trading at $2.49, the stock is 6.81% and 14.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.42 million and changing -8.46% at the moment leaves the stock -0.79% off its SMA200. MICT registered 139.42% gain for a year compared to 6-month loss of -43.79%. The firm has a 50-day simple moving average (SMA 50) of $2.3011 and a 200-day simple moving average (SMA200) of $2.8783.
The stock witnessed a 10.67% gain in the last 1 month and extending the period to 3 months gives it a 57.59%, and is 7.33% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.93% over the week and 11.17% over the month.
MICT Inc. (MICT) has around 53 employees, a market worth around $248.90M and $0.30M in sales. Distance from 52-week low is 467.59% and -70.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-70.30%).
MICT Inc. (MICT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for MICT Inc. (MICT) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
MICT Inc. is expected to release its quarterly report on 05/19/2021 and quarterly earnings per share for the current quarter are estimated at -$0.16 with sales reaching $1.28M over the same period.The EPS is expected to grow by 51.80% this year.
MICT Inc. (MICT) Insider Activity
A total of 10 insider transactions have happened at MICT Inc. (MICT) in the last six months, with sales accounting for 6 and purchases happening 4 times. The most recent transaction is an insider sale by Bialos Jeffrey P., the company’s Director. SEC filings show that Bialos Jeffrey P. sold 13,000 shares of the company’s common stock on Aug 28 at a price of $4.94 per share for a total of $64181.0. Following the sale, the insider now owns 0.18 million shares.
MICT Inc. disclosed in a document filed with the SEC on Aug 27 that Bialos Jeffrey P. (Director) sold a total of 7,000 shares of the company’s common stock. The trade occurred on Aug 27 and was made at $5.08 per share for $35544.0. Following the transaction, the insider now directly holds 0.2 million shares of the MICT stock.
Still, SEC filings show that on Aug 26, Bialos Jeffrey P. (Director) disposed off 17,424 shares at an average price of $4.84 for $84315.0. The insider now directly holds 205,000 shares of MICT Inc. (MICT).