TAOP (TAOP, Financial) saw a marked decrease in its stock price, dropping by 6.06%. The stock is currently trading at $0.391 per share with a trading volume of 74,020 shares and a turnover rate of 1.12%. The stock’s amplitude stands at 4.98%.
Recently released financials reveal that TAOP's operating income reached $18.08 million with a net profit of $588,744, translating to earnings per share of $0.13. The company's gross profit is reported at $4.14 million, while the price-to-earnings ratio is 0.45. As of now, no institutional ratings are available for the stock, including "buy," "hold," or "sell" recommendations.
Within the software service industry, where TAOP operates, the overall growth is at 2.31%. Notable gainers in the sector include Roadzen Inc C/Wts, Earlyworks Co Ltd, and Digiasia Corp C/Wts. Busy stocks with high turnover rates are Datchat, Inc., Earlyworks Co Ltd, and Phunware, Inc., with the respective rates of 1732.25%, 163.21%, and 157.60%. Stocks showing significant amplitude include Roadzen Inc C/Wts, Datchat, Inc., and Earlyworks Co Ltd, with amplitudes of 95.00%, 78.21%, and 54.12%.
TAOP is a Chinese provider of cloud application technology for smart city IoT platforms, digital advertising, and internet-based information distribution systems. Its operations are divided into Cloud-Based Technology (CBT), Blockchain Technology (BT), and Traditional IT (TIT) departments. The CBT department is the largest revenue generator, offering cloud-based products and services to private sector clients in new media, healthcare, education, and residential community management.
