MICT, Inc. (MICT)

NASDAQ: MICT · IEX Real-Time Price · USD
0.715
+0.052 (7.81%)
At close: Aug 8, 2022 4:00 PM
0.730
+0.015 (2.126%)
After-hours: Aug 8, 2022 5:13 PM EDT
7.81%
Market Cap 92.61M
Revenue (ttm) 56.30M
Net Income (ttm) -40.65M
Shares Out 129.57M
EPS (ttm) -0.32
PE Ratio n/a
Forward PE 21.65
Dividend n/a
Ex-Dividend Date n/a
Volume 416,147
Open 0.663
Previous Close 0.663
Day's Range 0.655 - 0.738
52-Week Range 0.410 - 2.300
Beta 1.09
Analysts Buy
Price Target 4.08 (+470.8%)
Earnings Date Aug 15, 2022

About MICT

MICT, Inc., through its subsidiaries, engages in the financial technology and insurance business in China, Singapore, and Hong Kong. It primarily develops platforms for insurance products, and financial products and services. The company also deals in securities, futures, and options; and provides securities advisory and asset management services, as well as the Magpie Invest app that allows to trade in securities on various stock exchanges. In addition, it conducts insurance brokerage and agency businesses; and offers a range of insurance prod... [Read more...]

Industry Aerospace & Defense
Founded 2002
Employees 5
Stock Exchange NASDAQ
Ticker Symbol MICT
Full Company Profile

Financial Performance

In 2021, MICT, Inc.'s revenue was $55.68 million, an increase of 4,646.46% compared to the previous year's $1.17 million. Losses were -$36.43 million, 58.4% more than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for MICT stock is "Buy." The 12-month stock price forecast is 4.08, which is an increase of 470.79% from the latest price.

Price Target
$4.08
(470.79% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Shareholder Alert - The M&A Class Action Firm Announces the Investigation of MICT, Inc. - MICT

NEW YORK , July 28, 2022 /PRNewswire/ --  Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rat...

Nasdaq Grants MICT Extension to Regain Compliance with the $1.00 Minimum Bid Price Rule

MONTVALE, NJ, July 27, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT” ot the “Company”) announces that it has received a letter from Nasdaq granting it an additional 180-day extension, or un...

MICT Scheduled to File First Quarter 2022 Financial Results Ahead of Close of Business Friday, July 22, 2022

MONTVALE, NJ, July 20, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT” or “Company”) today announces its intention to file its Form 10-Q outlining first quarter 2022 financial results by clos...

MICT, Inc. Reports Fourth Quarter and Full Year 2021 Results with $55M Annual Revenues

$9.2M in Gross Profit by Insurance Business for Full Year 2021, of w hich $3.9M in Gross Profit Was Delivered in Q4 , Equating to Q uarter -o ver -Q uarter G rowth of 39.3%

MICT to Announce Full Year 2021 Results After Close of Market on June 17, 2022

MONTVALE, N.J., June 17, 2022 (GLOBE NEWSWIRE) -- MICT Inc. (Nasdaq: MICT) (the “Company), today announces that as previously disclosed it will announce its financial results for the fiscal year ended D...

MICT Receives In-Principal Approval of Capital Markets Services License from the Monetary Authority of Singapore

The Final CMS License, Expected in the Coming Weeks , Will Allow MICT to Roll Out its ‘Magpie Invest' Proprietary Stock Trading App Throughout the Singapore Market While Also Enabling it to Expand its P...

MICT and Tingo Complete Due Diligence Process Leading to Progression of Merger

Parties Enter into Amended and Restated Merger Agreement to Confirm Due Diligence Process is Successfully Completed

MICT Scheduled to File Year End 2021 Financial Results Ahead of Close of Business Friday, June 17, 2022

MONTVALE, NJ, June 14, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT” or “Company”) today announces its intention to file its Form 10-K outlining year-end financial results from 2021 by clos...

MICT Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) regarding its Inability to File its ...

MONTVALE, N.J., May 24, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”), today announced that it received written notice (the “Notice”) from the Listing Qualifications Depar...

INVESTIGATION NOTICE: Halper Sadeh LLP Investigates MICT, EDTX, PTIC

NEW YORK , May 17, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of...

Other symbols: EDTX

MICT Appoints Sir David Trippier to its Board of Directors

MONTVALE, N.J., May 17, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT) (“MICT” or the "Company"), today announces the appointment of Sir David Trippier as a non-executive member of its Board of Dire...

MICT's Merger Target Announces its Q1 2022 Results

NEW YORK, NY and MONTVALE, NJ, May 16, 2022 (GLOBE NEWSWIRE) -- On May 10, 2022, MICT, Inc. (NASDAQ: MICT) (“MICT” or “Company”) and Tingo, Inc. (OTC Markets: TMNA) (“Tingo”) announced they had executed...

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Other symbols: BAOSCYNVRM

MICT Stock Alert: Halper Sadeh LLP Is Investigating Whether the Merger of MICT, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the merger of MICT, Inc. (NASDAQ: MICT) and Tingo, Inc. is fair to MICT shareholders. Under the terms o...

MICT Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) Due to its Inability to File its For...

MONTVALE, N.J., April 25, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT) (“MICT” or the "Company"), today announced that it received written notice (the “Notice”) from the Listing Qualifications Dep...

MICT Files Extension to Report 2021 Year-End Audited Financial Results Due to COVID Lockdowns in Chinese Branch Offices

Subject to Completion of the Audit, MICT Expects its Insurance Business to Report Continued Margin Improvement and its First Profitable Quarter in Q4 2021 With an Overall Significant Cash Position Subje...

MICT, Inc. Provides Corporate Update to Stockholders

MONTVALE, N.J., Feb. 02, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT), (the "Company"), today announces its receipt of a Notification Letter from Nasdaq that its stock has been under a minimum bid...

All Proposals Accepted at MICT, Inc. Annual Shareholder Meeting on December 23, 2021

Company Approved to Extend Authorized Common Share Count to 425 Million Shares to Create Flexibility for Growth Strategy

MICT, Inc. to Hold Annual Shareholder Meeting on December 23, 2021 at 11:00 AM ET

MONTVALE, N.J., Dec. 15, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT), (the "Company"), today announces it has moved the date for its annual shareholder meeting to December 23, 2021 at 11:00 AM ET...

MICT Beats Q3 Estimates, Clocks 50% Revenue Growth Sequentially

MICT Inc (NASDAQ: MICT) reported third-quarter revenue growth of 50% sequentially to $18.5 million, driven primarily by B2B insurance sales, beating the consensus of $18.05 million. Gross profit was $2....

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Other symbols: NGD

MICT Unveils Mobile-Based Trading App For Hong Kong Investors

MICT Inc (NASDAQ: MICT) subsidiary Magpie Securities launched its mobile stock trading app Magpie Invest.  The Hong Kong SFC licensed trading app will be available to investors in Hong Kong.

MICT Subsidiary Magpie Securities Launches First Product, Magpie Invest – a Mobile-Based Stock Trading App – in Hong ...

Magpie Invest is a Proprietary Platform and Technology that Offers Stocks from G lobal Exchanges, Real Time Market Dat a, and Analytics

MICT Shares Slip After Missing Q2 Revenue Estimate

MICT Inc (NASDA: MICT) reported second-quarter revenue growth of 38% Q/Q to $12.3 million, missing the analyst estimate of $13.72 million. Gross profit declined to $0.67 million versus $1.9 million in t...

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Other symbols: GNUSMUX