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How to Buy Mict Stock

Mict Inc

MICT, Inc. , through its subsidiaries, engages in the financial technology and insurance business in China, Singapore, and Hong Kong.

Mict stock last closed at $1.11, up 1.83% from the previous day, and has increased 78.46% in one year. It has overperformed other stocks in the Computer Hardware industry by 0.97 percentage points. Mict stock is currently +170.73% from its 52-week low of $0.41, and -17.78% from its 52-week high of $1.35.

At the moment, there are 129.57M MICT shares outstanding. The market value of MICT is $143.82M. In the last 24 hours, 387,226 MICT shares were traded.

How to Buy Mict Stock

Wondering how to invest in Mict stock? Here's how.
  1. Decide where to buy Mict stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Mict stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Choose your method of payment and add your details.
  4. Analyze Mict stock: The Mict ticker symbol is MICT. Is Mict stock a good investment? Should you buy shares of MICT? How do MICT's underlying business fundamentals look? Do top analysts think Mict is a good buy? Why has MICT's stock price moved recently? (Hint: Our stock research website can help you understand if MICT is a good stock to buy).
  5. Execute your MICT trade: Decide if you will purchase MICT shares at the current market price or use a limit order to purchase MICT shares at a specific price.
  6. Track your MICT investment: Create a watchlist to the latest updates on your investment in Mict shares.

Step 1: Decide where to buy Mict stock

You will need an online brokerage account to access the NASDAQ market and buy MICT shares.

A brokerage account enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our analysis, eToro is the best online stock brokerage. Here's why:

  • You can invest in stocks with zero commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
  • Access to world markets: From Technology to Energy, New York to Shanghai — you can fill your portfolio with stocks from the globe's top stock exchanges.
  • Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other financial assets: Such as ETFs and cryptos.

Get $10 towards your purchase of stock by creating an account with eToro now.

Open eToro Account

Step 2: Create a brokerage account

Now that you've picked the best brokerage, you need to fill out some personal details so you can invest in MICT stock today.

How to Create a New Account on eToro

  1. Click here to get started.
  2. Input your personal info to start a new trading account.
  1. Send your application by clicking the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you have opened your account on app for investing, your next step is to transfer the money for your investment:

Watch the tutorial below for more details transferring funds into your new investment account.

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Step 4: Analyze Mict stock

After you have identified the best place to buy Mict stock, it's very important to research their stock before you invest, so you actually wrap your head around the risk as well as the upside.

Mict stock data

MICT Price
$1.11
1w %
3.74%
1y %
78.46%
5y %
11.56%
P/E
-3.7x
P/B
1.22x
P/S
2.81x
PEG
N/A
Revenue
$51.16M
Earnings
-$38.94M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$143.82M
Next Earnings
Mar 1, 2023
Next Dividend
N/A

Mict Due Diligence Checks

WallStreetZen was built to help everyday investors do more accurate fundamental analysis in less time.

You can see all of the due diligence checks on MICT's stock page.

Is MICT stock undervalued or overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge MICT's intrinsic value.

Using relative valuations metrics:

  • MICT could be undervalued based on its P/B ratio of 1.22x, relative to Computer Hardware industry P/B ratio of 4.23x

You can access more valuation research on MICT's stock here.

Is MICT a healthy company?

Positive Financial Indicators:

  • There are more short-term assets than short-term liabilities on the MICT balance sheet.
  • MICT has $68.35M in cash and short term investments. This is sufficient to cover its annual cash burn of $20.58M.
  • MICT has cash burn of 20583000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the MICT balance sheet.
  • MICT has a low debt to equity ratio of 0.2.
  • Total MICT debt is lower than 5 years ago, relative to shareholder equity.

Negative Financial Indicators:

  • MICT profit margin has gone up by 0.12 percentage points in the past year, but the company is still unprofitable.

Is Mict stock a Buy, Hold, or Sell, according to analysts?

Out of 1 Equities analysts who track MICT, the consensus analyst rating on MICT is a Strong Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are saying on the Mict stock forecast page.

Metrics for Advanced MICT Traders

SMA10
1.09
SMA20
1.01
SMA50
1
SMA100
0.86
SMA200
0.76
MACD
0.05
MACD Signal
0.04
MACD Histogram
0.01
RSI
67.26
Stochastic %K
86.92
Stochastic %D
86
StochRSI %K
92.15
StochRSI %D
88.65

How is MICT performing as a company?

Last year, MICT revenue was $51.16M. Over the last five year, MICT's revenue has increased by 50.33% per year. This was faster than the Computer Hardware industry average of 19.47%.

Dive into MICT's earnings and revenue performance here.

Latest Insiders Trades at MICT

In the last year, executives and large shareholders at MICT have not bought or sold any shares.

Learn more about who owns MICT stock here.

Can I get consistent income from MICT stock?

No, Mict doesn't provide an income stream by paying out dividends.

MICT Social Trading Data

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other traders have to say.

Step 5: Execute your MICT trade

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.

Click the Open button and eToro will place the order.

If you require more info about buying stocks on eToro, click the how to video below:

Open eToro Account

Step 6: Track your MICT investment

Now that you own some MICT shares, you'll want to keep up with your investment.

Create a watchlist to track your MICT stock.

MICT Feed

How to Buy Stock in Mict

To reiterate, here are the 6 steps for buying Mict stock:

  1. Decide where to buy Mict stock
  2. Create a brokerage account
  3. Put funds into your brokerage account
  4. Analyze Mict stock
  5. Execute your MICT trade
  6. Track your MICT investment

If you require a brokerage, eToro is our favorite venue.

Get Started with eToro Today

If you would like to track your new investment in Mict, add MICT to your watchlist below.

NASDAQ: MICT
$1.11+0.02 (+1.83%)
Updated Feb 3, 2023
Open eToro Account
NASDAQ: MICT
$1.11+0.02 (+1.83%)
Updated Feb 3, 2023
Open eToro Account

FAQ

How much does it cost to buy one Mict share?

As of Feb 3, 2023, it costs $1.11 to buy one share of Mict stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.56, you can buy 0.5 shares of MICT.

Get Started with eToro Today

Is now a good time to buy Mict stock?

According to 1 Wall Street analysts who monitor Mict, their consensus recommendation is to buy Mict stock.

What is the best way to buy Mict stock?

One way to place an order for Mict stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.