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 products, including automobile, property and liability, life, and health insurance products. The company was formerly known as Micronet Enertec Technologies, Inc. and changed its name to MICT, Inc. in July 2018. MICT, Inc. was incorporated in 2002 and is based in Montvale, New Jersey.
General Outlook
In simple terms, MICT, Inc. has 127.426 M shares that people are buying and selling right now. When we look at how much money they make before expenses, they keep 0.456% as profit. This shows they're good at controlling costs and are financially stable. Their operating profit, which is money made from regular business activities, is 0.264%. This means they run their business efficiently. Lastly, after paying all their bills, they still have a profit of 0.226%. This tells us they're good at keeping money after all costs.
Return on Investments
The company's asset efficiency, represented by a robust 25.084% return, is a testament to MICT, Inc.'s adeptness in optimizing resource deployment. MICT, Inc.'s utilization of its assets to generate profits is strikingly evident through a noteworthy return on equity of 3.687%. Furthermore, the proficiency of MICT, Inc. in capital utilization is underscored by a remarkable -907.948% return on capital employed.
Stock Prices
MICT, Inc.'s stock prices have been subject to undulating patterns. The peak stock value during this interval surged to $1.11, while its low point bottomed out at $1.08. This variance in figures offers investors a lucid insight into the roller-coaster ride that is MICT, Inc.'s stock market.
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