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Taoping Inc. (TAOP)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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9.00-1.31 (-12.71%)
As of 3:07PM EST. Market open.
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Neutralpattern detected
Previous Close10.31
Open10.01
Bid9.12 x 3200
Ask9.33 x 3000
Day's Range8.65 - 10.21
52 Week Range1.86 - 15.00
Volume323,484
Avg. Volume2,525,683
Market Cap76.383M
Beta (5Y Monthly)0.78
PE Ratio (TTM)N/A
EPS (TTM)-1.39
Earnings DateSep 30, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • TAOP Appoints Dongfeng Wang As Chief Strategy Officer
    GlobeNewswire

    TAOP Appoints Dongfeng Wang As Chief Strategy Officer

    SHENZHEN, March 03, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced the appointment of Dongfeng Wang to Chief Strategy Officer. Mr. Wang will be responsible for blockchain and digital assets business development and will be a driving force for the Company to uncover marketplace opportunities. “We are pleased to bolster our management team by adding Mr. Wang’s experience and expertise in blockchain and investment. As we seek to tap into the blockchain and digital asset market, Mr. Wang is exactly the transformational leader we need to seize the opportunities," said Mr. Jianghuai Lin, Chairman and CEO of TAOP. Mr. Dongfeng Wang, age 45, has 22 years of work experience in the Internet industry. He has gone through the era of PC Internet and mobile Internet, and deeply participated in the growing blockchain Internet. His rich entrepreneurship experience put him in the forefront of development trends in digital revolution, and enabled him to accumulate great management expertise in enterprise positioning and corporate innovation. In 2004, Mr. Wang founded Zcom Digital Magazine, one of the earliest e-magazine platforms in China. In 2009, Mr. Wang co-founded Forgame Group, a company engaged in the business of game and fintech in China, and successfully listed the company on the Main Board of The Stock Exchange of Hong Kong Limited in 2013. In 2017, Mr. Wang started investments in blockchain technology and digital assets mining operations as a venture partner of Longling Capital Co. Ltd, a Chinese venture capital firm specializing in seed stage, early stage and angel investments. Mr. Wang graduated from Beijing Construction University with a bachelor’s degree in International Trade. About Taoping Inc. Taoping Inc. (TAOP), is a leading provider of smart display terminals and solutions for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen Network- Taoping App - Taoping Go (e-Store)" media ecosystem to ultimately achieve the mission "our technology makes advertising and branding affordable and effective for everyone." To learn more, please visit http://www.taop.com/. Safe Harbor Statement This press release may contain certain "forward-looking statements" relating to the business of Taoping Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact: Taoping Inc.Chang QiuEmail: chang_qiu@taoping.cnhttp: //www.taop.com/or Dragon Gate Investment Partners LLCTel: +1(646)-801-2803Email: taop@dgipl.com

  • TAOP Announces $3.35 Million Registered Direct Offering of Ordinary Shares
    GlobeNewswire

    TAOP Announces $3.35 Million Registered Direct Offering of Ordinary Shares

    SHENZHEN, March 02, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced that it has entered into a securities purchase agreement (the “Purchase Agreement”) with certain strategic investors (the “Investors”) on March 1, 2021. Pursuant to the Purchase Agreement, the Company agreed to sell to the Investors an aggregate of 500,000 ordinary shares, no par value (the “Ordinary Shares”) at a purchase price of $6.70 per share, in a registered direct offering. The gross proceeds to the Company from the financing are $3.35 million before deducting estimated offering expenses. For more details of the financing, please see the Company’s Report on Form 6-K to be filed on or about March 2, 2021. The Ordinary Shares described above are being offered through a prospectus supplement pursuant to the Company’s effective shelf registration statement and the base prospectus contained therein. A shelf registration statement (SEC Filing No. 333-229323) relating to these securities has been filed with and was declared effective by the Securities and Exchange Commission (the “SEC”) on February 11, 2019. A prospectus supplement related to the offering will be filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. About Taoping Inc. Taoping Inc. (TAOP), is a leading provider of smart display terminals and solutions for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen Network- Taoping App - Taoping Go (e-Store)" media ecosystem to ultimately achieve the mission "our technology makes advertising and branding affordable and effective for everyone." To learn more, please visit http://www.taop.com/. Safe Harbor Statement This press release may contain certain "forward-looking statements" relating to the business of Taoping Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact: Taoping Inc.Chang QiuEmail: chang_qiu@taoping.cnhttp://www.taop.com/or Dragon Gate Investment Partners LLCTel: +1(646)-801-2803Email: taop@dgipl.com

  • TAOP Stock: The Blockchain Move That Has Smart Display Play Taoping Shooting Higher
    InvestorPlace

    TAOP Stock: The Blockchain Move That Has Smart Display Play Taoping Shooting Higher

    Taoping (NASDAQ:TAOP) stock is on the rise Friday after announcing a deal with Great Bay Capital Investment Limited. Source: Shutterstock A news release reveals that Taopin has entered into a two-year agreement that has Great Bay Capital serving as a consultant. This will have it offering business development services to the company with a focus on blockchain technology. That agreement will aid Taoping in its efforts to invest in cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH). It also gives the company the benefit of exposure to possible future investors in its business.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Another benefit for Taopin from the deal is the possible introduction to blockchain merger and acquisition targets. Great Bay Captial will also work alongside the company and help it with any M&A plans. The deal between the two companies also includes a warrant for Great Bay Capital. This is being given within seven days after the start of the consulting agreement. It allows Great Bay Capital to purchase 1,000,000 shares of TAOP stock at a price of $3.50 per share. 7 Overvalued Stocks Investors Just Don’t Get Tired Of Jianghuai Lin, chairman and CEO of Taoping, said this about the news boosting TAOP stock up today. “It’s time for TAOP to embrace the opportunities in blockchain industry and digital assets, especially Bitcoin. We believe Great Bay can help us achieve this goal.” News of the deal today has shares of TAOP stock experiencing heavy trading. As of this writing, more than 13 million shares have traded. For comparison, the daily average trading volume for the stock is closer to 403,000 shares. TAOP stock was up 16.5% as of Friday afternoon. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post TAOP Stock: The Blockchain Move That Has Smart Display Play Taoping Shooting Higher appeared first on InvestorPlace.