What is the Market's View on MICT Inc (MICT) Stock's Price and Volume Trends Friday?

Friday, December 02, 2022 10:57 AM | InvestorsObserver Analysts

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What is the Market's View on MICT Inc (MICT) Stock's Price and Volume Trends Friday?

The market has been high on MICT Inc (MICT) stock recently. MICT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

MICT Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MICT!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With MICT Stock Today?

MICT Inc (MICT) stock has risen 2.49% while the S&P 500 is lower by -0.58% as of 10:56 AM on Friday, Dec 2. MICT has gained $0.03 from the previous closing price of $1.17 on volume of 183,586 shares. Over the past year the S&P 500 has fallen -10.20% while MICT has gained 14.29%. MICT lost -$0.31 per share in the over the last 12 months. To screen for more stocks like MICT Inc click here.

More About MICT Inc

MICT Inc operates through an Israel-based company. It develops, manufactures, integrates, and markets rugged computers, tablets, and computer-based systems and instruments for the commercial, defense, and aerospace markets in the United States, Israel, and internationally. The company operates in two segments: Verticals & technology; and Mobile Resource Management (MRM), which generates the majority of revenue. Its geographical segments are the United States, Israel, Europe, China, and Others, of which the majority of its revenue comes from the United States. Click Here to get the full Stock Report for MICT Inc stock.