This trade activity should not be overlooked: Taoping Inc. (TAOP)

With 1.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.39 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $1.4400 whereas the lowest price it dropped to was $1.1200. The 52-week range on TAOP shows that it touched its highest point at $10.20 and its lowest point at $0.80 during that stretch. It currently has a 1-year price target of $70.00. Beta for the stock currently stands at 0.76.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TAOP was up-trending over the past week, with a rise of 14.85%, but this was down by -7.20% over a month. Three-month performance dropped to -35.91% while six-month performance fell -67.96%. The stock lost -85.50% in the past year, while it has lost -20.00% so far this year.

Float and Shares Shorts:

At present, 1.56 million TAOP shares are outstanding with a float of 1.01 million shares on hand for trading. On Jan 11, 2024, short shares totaled 55420.0, which was 2.81% higher than short shares on Dec 14, 2023. In addition to Mr. Jianghuai Lin as the firm’s Chairman & CEO, Mr. Zhiqiang Zhao serves as its President, Digital Server Business Division & Director.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TAOP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TAOP analysts setting a high price target of $70.00 and a low target of $70.00, the average target price over the next 12 months is $70.00. Based on these targets, TAOP could surge 5934.48% to reach the target high and rise by 5934.48% to reach the target low. Reaching the average price target will result in a growth of 5934.48% from current levels.