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Tag: Taoping Inc

  • What Do You Think Is Driving TAOP Stock Higher?

    At last check, the provider of blockchain technology and smart cloud services, Taoping Inc. (TAOP) shares were trading at $4.72, up 1.94% in pre-market trading. Taoping stock lost -4.73% to close Thursday session in the red at $4.63. TAOP stock moved 0.16 million shares, which was less than the average volume of 0.34 million shares over the past 50 days. Last week, shares of TAOP decreased by -1.49%. TAOP shares have increased by 62.46% over the past 12 months.

    The TAOP stock has lost -49.18% in the past three months, but over the past six months, it has gained 58.02%. TAOP currently has a market capitalization of $59.36 million and an outstanding share count of 7.67 million. A promotion in the management team and a business update helped boost the price of TAOP stock.

    TAOP has shared what?

    Taoping Group is a conglomerate of technology and financial companies with offices in Hong Kong, Mainland China, and other foreign countries. TAOP provides research and development solutions and cloud services to a variety of industry sectors, including educational, new media, artificial intelligence, and asset management. TAOP is unique owing to its strengths in cloud technology and chip supply chain. TAOP conducts research on and applies blockchain technology worldwide along with investing and managing financial assets.

    Taoping provided an update on its business today, in addition to announcing Huan Li’s promotion to the position of Chief Marketing Officer who is currently serving as Digital Culture Business director.

    • Li will be responsible for all marketing activities for TAOP, including product marketing, brand strategy, direct marketing, data analytics, data integration, and marketing operations.
    • In addition to being a market expert and a strong market developer, Mr. Li has demonstrated strong leadership skills since joining TAOP in March.
    • TAOP’s expansion strategy will be executed effectively under the leadership of Mr. Li.
    • Business Updates:
    • TAOP completed its acquisition of Taoping New Media on June 9, 2021.
    • As of June 2021, TAOP anticipates booking advertising revenues.
    • TAOP attended the Asia OOH 18th China Outdoor Communication Conference in Chengdu, China on June 24-26, 2021.
    • In addition to the “Top Media in Shopping District” award, TAOP also received a mention for its innovative use of digital transformation and multi-scene advertising during the conference.
    • TAOPO is working diligently with relevant Canadian authorities to complete the review of the previously announced acquisition of Render Lake as soon as possible, and have cooperated fully with the authorities to date.

    TAOP’s Digital Plans:

    TAOP’s NFT business is proceeding as planned, and the Company does not expect its NFT business to be negatively impacted by China’s recent ban on digital asset mining. Taoping (TAOP) is effectively operating its G Cloud data centers in Hong Kong and Dongguan. To expand its footprint in overseas locations, TAOP is actively seeking locations across the world.

  • Taoping Inc. (TAOP) stock rises during current market trading. Why is it so?

    Taoping Inc. (TAOP) stock rises during current market trading. Why is it so?

    Taoping Inc. (TAOP) stock rises by 10.35% in the current market trading session after Taoping announced that it has got into a share purchase agreement with Genie Global limited. Taoping is a major manufacturer of smart display terminals and applications for targeted advertisement and online commerce. Customers can distribute and monitor advertisements on cloud-based ad display screens using TAOP’s integrated end-to-end digital advertising solutions.

    Recent Developments.

     

    TAOP joint venture with Genie Global Limited

    Today on March 31, TAOP stock has announced it has got into a share purchase agreement with Genie Global Limited to gain a 51 percent equity interest in Render Lake Tech Ltd that is Genie Global’s wholly owned subsidiary. Render Lake is a cloud technology service provider dedicated to delivering high-performance cloud computing solutions for special effects companies. It was established in 2019 in Ontario, Canada.

    Simultaneously TAOP stock also made an important announcement that they have established NFT Business Division. For this TAOP has appointed Qian Wang as Chief Investment Officer of TAOP, also as the director of NFT Business Division and general manager for Render Lake. Mr. Qian Wang is well known for his expertise in cloud computing services, Blockchain applications and operations, and also for overseas capital market operations.

    TAOP stock closed a strategic cooperation deal

    On March 30, TAOP announced that they have signed a strategic cooperation structure agreement with Shanghai Guanghua Education Investment Management and Wuhu Sasan Education Management that is a majority-owned subsidiary of Shanghai Guanghua Education for the time span for next three years. Shanghai Guanghua Education, founded in 1999, is a provider of educational technology services, including educational technology system creation, educational course content development, educational business investment, advisory and management, and technical equipment and stationery sales.

    TAOP and Wuhu Sasan plan to form a joint venture company in Wuhu, China, as part of the deal. Also TAOP stock and Wuhu Sasan will each own 51 percent and 49 percent of the joint venture’s equity, respectively.  The joint venture company’s operations are expected to fall under TAOP’s newly formed Digital Culture Business Division.

    Conclusion

    Following the two major developments in Taoping, the rise in its stock price is fairly justified. If the two agreements turn out to be successful in the near time, it will be highly beneficial for TAOP but right now investors seem to be interested in making long-term bets, hence the TAOP stock price is on the rise.

  • Top 20 Stocks In Software – Infrastucture Industry

    Top 20 Stocks In Software – Infrastucture Industry

    With the increase in the advancement in technologies, the software industry is starting booming. Increasing demands for advanced software are also expected to fuel the market. Software is everywhere and this industry is considered to be an important industry as it engaged in the development of new software that provides the best services to the clients.

    This industry is huge and there are various opportunities in this industry that can be explored to grow our business. New technological advancements, new products, and a competitive market stimulated the growth of any industry. We all are well aware that the software industry is also changing every year, every month, every week, and even every day to meet the needs of their customers.  There are various opportunities in this industry one can get to grow its business.

    Check out the top 20 leading companies in the software infrastructure industry:

    Taoping Inc. (NASDAQ: TAOP)

    Taoping Inc. (NASDAQ: TAOP) Shares headed rising, higher as much as 1.44%. Taoping Inc. (TAOP) has disclosed its unaudited financial results for the six months ended June 30, 2020. Revenue was $3.7 million for the first six months of 2020, a decrease of $3.4 million, compared to $7.1 million for the same period last year. It has a market capitalization of $20.78 million at the time of writing.

    Priority Technology Holdings Inc. (NASDAQ: PRTH)

    Priority Technology Holdings Inc. (NASDAQ: PRTH) fall -4.08% after losing more than -$0.13 on Monday. Priority Technology Holdings Inc. (PRTH) disclosed that it is scheduled to participate in a virtual event as part of Alliance Global Partners’ Tech Talk series. Tom Priore, Chairman and Chief Executive Officer of Priority, will take part in a fireside chat at 11:00 a.m. EDT on October 8, 2020.

    CYREN Ltd. (NASDAQ: CYRN)

    CYREN Ltd. (NASDAQ: CYRN) last closed at $1.01, in a 52-week range of $0.31 to $1.97. CYREN Ltd. (CYRN)  has earlier revealed that it has been included as a representative vendor in Gartner’s 2020 Market Guide for Email Security, which was published on September 8, 202. The company has a total market capitalization of $61.32 million at the time of writing. Looking at its profitability its has a return on assets of -25.00%, return on equity of -75.50%, and return on investment of -50.60%.

    Synacor Inc. (SYNC)

    Synacor Inc. (SYNC) last closed at $1.52, in a 52-week range of $0.79 to $1.85. Analysts have a consensus price target of $2.22. Synacor Inc. (SYNC) announced that premium television network EPIX, an MGM Company, has deployed Cloud ID, the consumer identity and access management platform trusted by leading entertainment brands, to better serve millions of subscribers that want to view content on a range of platforms.

    Bridgeline Digital Inc. (NASDAQ: BLIN)

    Bridgeline Digital Inc. (NASDAQ: BLIN) stock drop by -0.43% to $2.33. Bridgeline Digital Inc. (BLIN) disclosed today the release of Celebros Studio 9.0. The upgrade includes a newly designed Studio, redesigned with a new and improved look-and-feel and powerful new features that drive increased revenue for eCommerce websites.

    Opera Limited (NASDAQ: OPRA)

    Opera Limited (NASDAQ: OPRA) Shares headed rising, higher as much as 2.05%. The most recent rating by Cowen, on May 21, 2020, is at an Outperform. Previously, Opera Limited (OPRA) has announced that it is planning to release a new version of its Android and desktop browsers today. The release is happening in parallel to celebrate the completely redesigned sync capabilities between the browsers. Opera for Android is reaching version 60 and Opera for desktop version 71.

    SecureWorks Corp. (NASDAQ: SCWX)

    SecureWorks Corp. (NASDAQ: SCWX) rose 1.61% after gaining more than $0.19 on Monday. SecureWorks Corp. (SCWX) has previously announced it has executed the acquisition of Delve. This company has traded up 126.28% from its 52-weeks low and moved down -34.34% from its 52-weeks high.

    Usio Inc. (NASDAQ: USIO)

    Usio Inc. (NASDAQ: USIO) last closed at $1.60, in a 52-week range of $0.75 to $3.72. Usio Inc. (USIO) earlier disclosed the closing of an underwritten public offering of common stock for gross proceeds of approximately $8 million, prior to deducting underwriting discounts and commissions and offering expenses payable by Usio.

    i3 Verticals Inc. (NASDAQ: IIIV)

    i3 Verticals Inc. (NASDAQ: IIIV) stock soar by 1.39% to $26.17. The most recent rating by Raymond James, on September 23, 2020, is at a Strong buy. i3 Verticals Inc. (IIIV) disclosed the acquisition of three companies that strengthen its vertical focus. The first acquisition is within the Company’s fast-growing Public Sector vertical. The second acquisition is within the Company’s Healthcare vertical and offers medical billing and other software. The final acquisition offers proprietary technology that will augment the Company’s existing platform across several verticals.

    CSG Systems International Inc. (NASDAQ: CSGS)

    CSG Systems International Inc. (NASDAQ: CSGS) shares headed rising, higher as much as 0.82%. The most recent rating by Sidoti, on March 10, 2020, is at a Buy. CSG Systems International Inc. (CSGS) disclosed today it has joined the Innovation Corridor, a global technology and innovation accelerator. CSG will work with Innovation Corridor partners including national labs, government, research universities, and entrepreneurs, to support the transformation of municipalities into “smart cities” using innovative technologies such as IoT, 5G, and artificial intelligence after this move.

    SPS Commerce Inc. (NASDAQ: SPSC)

    SPS Commerce Inc. (NASDAQ: SPSC) last closed at $87.79, in a 52-week range of $31.28 to $85.89. Analysts have a consensus price target of $81.71. SPS Commerce Inc. (SPSC) earlier launched the latest evolution of SPS Commerce Fulfillment for Intuit QuickBooks. The full-service EDI offering fully automates sales order fulfillment to support omnichannel retail businesses.

    Datasea Inc. (NASDAQ: DTSS)

    Datasea Inc. (NASDAQ: DTSS) shares were trading down -1.79% at $3.29 at the time of writing on Monday. Datasea Inc. (NASDAQ: DTSS) share price went from a low point around $0.82 to briefly over $7.39 in the past 52 weeks, though shares have since pulled back to $3.29. DTSS market cap has remained high, hitting $65.80M at the time of writing, giving it a price-to-sales ratio of more than 40.

    Talend S.A. (NASDAQ: TLND)

    Talend S.A. (NASDAQ: TLND) stock soar by 0.38% to $41.88. The most recent rating by Goldman, on June 07, 2019, is at a Sell. Covanta has recently selected Talend S.A. (TLND), a leader in data integration and data integrity, to serve as the foundation for its Data Hub, which will be accessed across the organization to improve operational efficiencies and ensure workplace safety.

    NetScout Systems Inc. (NASDAQ: NTCT)

    NetScout Systems Inc. (NASDAQ: NTCT) last closed at $23.87, in a 52-week range of $19.11 to $29.62. Analysts have a consensus price target of $27.30. NetScout Systems Inc. (NTCT) announced earlier the findings of its 1H 2020 Threat Intelligence Report, which reinforces the dramatic impact cybercriminals have had during the COVID-19 pandemic.

    Varonis Systems Inc. (NASDAQ: VRNS)

    Varonis Systems Inc. (NASDAQ: VRNS) stock soar by 1.05% to $126.47. The most recent rating by JMP Securities, on August 04, 2020, is at an Mkt outperform. Varonis Systems Inc. (VRNS) disclosed that it will report its third-quarter 2020 financial results following the close of the U.S. financial markets on Monday, October 26, 2020.

    Bottomline Technologies (de) Inc. (NASDAQ: EPAY)

    Bottomline Technologies (de) Inc. (NASDAQ: EPAY) Shares headed rising, higher as much as 0.71%. The most recent rating by DA Davidson, on May 04, 2020, is at a Neutral. EPAY announced a partnership with Dow Jones Risk & Compliance, which adds key data to Bottomline’s Anti-Money Laundering and Counter-Terrorist Financing monitoring and screening capabilities, used to identify and thwart illicit transactions.

    Tucows Inc. (NASDAQ: TCX)

    Tucows Inc. (NASDAQ: TCX) stock soar by 0.32% to $74.09. The most recent rating by Cantor Fitzgerald, on August 25, 2015, is at a Buy. Tucows Inc. (TCX) has a 52-weeks low range of $42.50 and a 52-weeks high range of $75.00. This company has traded up 74.33% from its 52-weeks low and moved down -1.21% from its 52-weeks high. This company has a total market capitalization of $784.61 million at the time of writing.

    Endava plc (NYSE: DAVA)

    Endava plc (NYSE: DAVA) rose 2.02% after gaining more than $1.32 on Monday. Looking at its profitability its has a return on assets of 6.60%, return on equity of 10.50%, and return on investment of 7.00%. This company has a total market capitalization of $3.63 billion at the time of writing.

    Net 1 UEPS Technologies Inc. (NASDAQ: UEPS)

    Net 1 UEPS Technologies Inc. (NASDAQ: UEPS) shares headed falling, lower as much as -1.76%. The most recent rating by B. Riley FBR, on September 08, 2020, is at a Buy. Net 1 UEPS Technologies Inc. (UEPS) share price went from a low point around $2.70 to briefly over $4.45 in the past 52 weeks, though shares have since pulled back to $3.34 on Tuesday. UEPS market cap has remained high, hitting $191.85 M at the time of writing

    EVO Payments Inc. (NASDAQ: EVOP)

    EVO Payments Inc. (NASDAQ: EVOP) fall -0.43% after losing more than -$0.11 on Monday. EVO Payments Inc. (EVOP) has a 52-weeks low range of $10.12 and a 52-weeks high range of $30.00. This company has traded up 151.19% from its 52-weeks low and moved down -15.27% from its 52-weeks high.

     

  • Is It Right Time To Invest In Taoping Inc. (NASDAQ: TAOP)?

    Is It Right Time To Invest In Taoping Inc. (NASDAQ: TAOP)?

    Taoping Inc. (NASDAQ: TAOP), an IT service management company has revealed that it has signed a securities purchased agreement with its investors. Taoping has decided to issue an aggregate of 222,222 ordinary shares, no par value, a convertible note with a principal amount of $1,480,000, and a warrant to purchase 53,333 ordinary shares at $9.0 per share to its investor. The company will receive the gross proceeding of $2.0 million before subtracting estimated expenses.

    Taoping Inc has earlier announced the 1- for 6- reverse stock split of issued ordinary shares. The reverse stock split is planned to increase the per-share trading price of the ordinary shares of the company to satisfy the $1.00 minimum bid price requirement for continued listing on the NASDAQ stock market. Taoping stocks have been garnering attention since the reverse stock split decision.

    The company saw a sharp growth in its early years as it was included in the Deloitte Top 500 High-tech & Fast-growth in the Asia Pacific in 2009 and Forbes Most Promising SMEs in China list in 2011. But the past 15 years was not shown much strength of the company. Its market revenue was below $14 million earlier this year. It has a limited history of selling cloud-based products due to the ongoing pandemic.

    The company disclosed that it is unable to implement a long-term business plan if it is not able to secure additional financing. TAOP is currently unable to predict its future. Investors have not paid much attention to the Taoping stock in recent years.

    Shares of Taoping traded up 8.21% as it gained +0.23 at $3.03 on Friday. In the past 52-weeks of trading, this company stock has fluctuated between the low of $1.86 and a high of $15.00. It has traded up 62.90% from its 52-weeks low and traded down -79.80% from its 52-weeks high. Taoping Inc market capitalization has remained high, hitting $20.51 million at the time of writing.

    Taoping has earlier launched the two new smart screen products including the 43-inch screen and the 55-inch screen. Taoping’s 43-inch has a resolution of 1080*1920 pixels and 55-inch smart screens have a resolution of 3840*2160 pixels. The body of the smart screen is mainly white and is made of glass and metal. Users will be able to manage smart screens remotely and effectively through the Taoping Smart Cloud Platform.

     

  • Top 3 Stocks to Watch As Weak GDP Numbers Sink Markets

    Top 3 Stocks to Watch As Weak GDP Numbers Sink Markets

    The markets continue to trade in negative territory, due to the weak GDP economic data released earlier in the day.  The data is indicative of an economy that has been significantly hit by the COVID-19 pandemic. Given that there is no vaccine or cure available, it indicates that in the near-term, demand could remain low, and most companies might continue reporting lower financial numbers.

    Key indices are already in the red, with Dow 30 taking the biggest hit to trade lower by over 1%. However, even in this environment, there are stocks that are in significant gains. Some of the biggest gainers this afternoon are as below:

    Taoping Inc [NASDAQ:TAOP]

    Taoping Inc is one of the biggest gainers this afternoon and is up over 400%. This stock’s massive gains come after the company announced that it had upgraded its Taoping Smart Cloud platform and that it was now in the market. The company stated that the upgraded platform has been optimized to handle transaction systems, data monitoring, and ad publishing among other features.

    The company added that with the platform, it was in a position to offer better user experience and flexibility. The kicker is that the platform will help the company expand its partner model. CEO Jianghuai Lin has stated that the platform will help boost the company’s cash flows by a significant margin.

    Precipio Inc [NASDAQ:PRPO]

    This is another big gainer in the day and is up by over 290%. This rally follows the company’s announcement that it had launched a commercial COVID-19 antibody test. The company’s management stated that it had entered into a partnership with ADS Biotech for the distribution of COVID-19 serology antibody tests. The company further stated that it will do a test-run in August. CEO Ilan Danieli stated that the company was happy with the partnership and that it would help with the distribution of the test, both in the U.S and globally.

    DIRTT Environment Solutions Ltd [NASDAQ:DRTT]

    DIRTT Environment Solutions Ltd is another top gainer this afternoon and is up by over 60%. This comes after the company reported strong Q2 financial results.

    The company stated that revenues for the quarter stood at $42.2 million. It also reported gross profit margins of 33.7% and a cash balance of $44.6 million. The company’s management stated that the strong results were the result of the continuous implementation of its strategic plan. CEO Herman Miller stated that they were looking to further strengthen their commercial capabilities. He added that early in the month, they launched Make Space for Possibilities™, a strategic marketing campaign for this goal.