Guardforce AI Co. Limited (NASDAQ: GFAI) stock fell -0.38% on Wednesday to $0.18 against a previous-day closing price of $0.18. With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.3 million shares. During the session, the Security & Protection Services company that operates in wider Industrials sector, reached to the highest price of $0.1875 whereas the lowest price it dropped to was $0.1700. The 52-week range on GFAI shows that it touched its highest point at $2.28 and its lowest point at $0.17 during that stretch. It currently has a 1-year price target of $1.00.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GFAI was down-trending over the past week, with a drop of -3.50%, but this was down by -21.89% over a month. Three-month performance dropped to -36.59% while six-month performance fell -71.33%. The stock lost -89.04% in the past year, while it has lost -83.15% so far this year.
Float and Shares Shorts:
At present, 35.24 million GFAI shares are outstanding with a float of 10.40 million shares on hand for trading. On Oct 30, 2022, short shares totaled 1.26 million, which was 2.30% higher than short shares on Sep 29, 2022. In addition to Ms. Lei Wang as the firm’s CEO & Chairman, Mr. Kee Yun Kwan serves as its Chief Operating Officer.
Through their ownership of 0.39% of GFAI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.37% of GFAI, in contrast to 0.01% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GFAI with 0.20% of the stake, UBS Securities LLC holds 81,679 shares worth 81,679. A second-largest stockholder of GFAI, Virtu Financial BD LLC, holds 40,640 shares, controlling over 0.10% of the firm’s shares. Two Sigma Advisers LP is the third largest shareholder in GFAI, holding 17,900 shares or 0.04% stake. With a 0.01% stake in GFAI, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 4,796 shares are owned by the mutual fund manager.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $33.69M while operating income stood at -$7.94M. EBITDA for the full year was -$2.30M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GFAI since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GFAI analysts setting a high price target of $1.00 and a low target of $1.00, the average target price over the next 12 months is $1.00. Based on these targets, GFAI could surge 455.56% to reach the target high and rise by 455.56% to reach the target low. Reaching the average price target will result in a growth of 455.56% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GFAI will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$0.14 being high and -$0.17 being low. For GFAI, this leads to a yearly average estimate of -$0.15.