Should Investors Trust The Upside Potential In Taoping Inc (TAOP)?

Taoping Inc (NASDAQ:TAOP) currently has a daily average trading volume of 666.05K but it saw 178565 shares traded in last market. With a market cap of 3.10M USD, the company’s current market price of $0.23 came rising about 0.83 while comparing to the previous closing price of $0.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.19 and as low as $0.17. In the recent trading on the day, stock has struck highest price mark of $0.2246 while lowest mark touched by it was $0.2397.

Taking a look at 20-day trading activity of Taoping Inc (TAOP) gives us an average price of $0.2409, while its current price level is -80.56% below from 52-week high level whereas it is 36.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2726 while that of 200 days or SMA-200 reads an average of $0.4333. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.43% during that period while stretching the period over a month that increases to 10.52%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.35 which implies that the stock is in neutral territory.

Over the week, TAOP’s stock price is moving 6.93% up while it is -20.43% when we observe its performance for the past one month. Year-to-date it is -45.23% down and over the past year, the stock is showing a downside performance of -75.42%.

Currently, Taoping Inc’s total number of outstanding shares is 13.38M. Company’s return on investment (ROI) stands at 10.73% and return on equity (ROE) at 16.97%. It has a price to earnings ratio (P/E ratio) of 0.45. Stock’s beta reads 0.54. Stock has a price to book (P/B) ratio of 0.10 while price to sale or P/S ratio amounts to 0.07. Its return on asset (ROA) is 6.87% on average.