MICT Ready to Skyrocket? $20 PT EOY

What is MICT? -

Straight from their Investor Relations page, it states that "MICT Inc. operates through its subsidiaries, Global Fintech Holdings Intermediate Ltd and Micronet Ltd. 

Global Fintech Holdings uses its versatile proprietary trading technology platforms to serve a range of high growth sectors in the fintech space. Primary areas of focus include online brokerage for equities trading, online investment and wealth management services, sales of insurance products and trading in certain commodities. Global Fintech Holdings trades in several high-growth foreign markets including Asia, where the Company benefits from a substantial propriety database of users and also works with a number of leading online portals and large commercial partners."

Essentially MICT is trying to bring a new and much needed trading platform to Asian regions as well as developing brand new technology to be integrated and rolled out sometime during 2021. 

Need to know -

* MICT has entered into a new partnership with the Shanghai Petroleum and Natural Gas Trading Center and ultimately helped its commodities trading platform reach new heights.

* MICT has an Insurance product that is ready to move from regional to national accessibility this year as it has announced a new acquisition.

* MICT  announce that it has officially received its licenses to facilitate stock trading on its platform as well as raising enough funding to cover margins.

*MICT will be launching it's trading platform in Q1 of 2021


Milestones -

February 11th 2021, $60 Million Direct Offering closed at a price of $2.67 per share. Click here to view the whole article.

Feb. 25th 2021, (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) today announces it has received approval from the Hong Kong SFC (Securities and Futures Commission) to complete the acquisition of Huapei Global Securities, Ltd. (“Huapei”), which provides the Company with a licensed platform to facilitate the trading of securities on the major stock exchanges in Hong Kong, the United States, and China for its Chinese and Hong Kong clientele. Click here to view the whole article.

March 3rd 2021, $54 Million Direct Offering closed at a price of $2.80 per share. Click here to view the whole article. 

March 8th 2021, A Yahoo Finance post about MICT was released stating that MICT's majority-owned subsidiary, Micronet Ltd., (“Micronet’) has received a purchase order for 2,000 units of its SmartCam connected product from a one of North America’s largest telematics service providers. The total aggregate order is worth approximately US$0.9 Million.


The Future is Bright -

MICT has a current market cap of around $209 million USD and trading at a price of around $1.75 per share at the time of this post.

The upside with an investment in MICT is HUGE! Analyst ratings have given this a $6 short term PT and others have given this a $20 PT for the end of the year. This companies growth cannot be ignored, soon there will be a press release disclosing earnings as well as an announcement that their trading platform is going live, expect a spike in the price to around $5-7 USD as soon as news gets released.

*Disclosure - This is not investment advice and I am not telling you to buy or sell any stock.

 

Location: California, USA

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