Wall Street analysts’ outlook for Guardforce AI Co. Limited (GFAI)

Guardforce AI Co. Limited (NASDAQ: GFAI) stock jumped 5.70% on Monday to $0.17 against a previous-day closing price of $0.17. With 2.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.26 million shares. During the session, the Security & Protection Services company that operates in wider Industrials sector, reached to the highest price of $0.1789 whereas the lowest price it dropped to was $0.1600. The 52-week range on GFAI shows that it touched its highest point at $1.96 and its lowest point at $0.12 during that stretch. It currently has a 1-year price target of $1.00.

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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 -20.55%, but this was up by 11.79% over a month. Three-month performance dropped to -26.51% while six-month performance fell -51.56%. The stock lost -84.00% in the past year, while it has gained 37.54% 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 13, 2022, short shares totaled 1.33 million, which was 2.41% higher than short shares on Sep 14, 2022. In addition to Ms. Lei Wang as the firm’s CEO & Chairman, Mr. Kee Yun Kwan serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 0.53% 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.


Analysts Ratings:

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 488.24% to reach the target high and rise by 488.24% to reach the target low. Reaching the average price target will result in a growth of 488.24% 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 02/28/2024. Analysts have provided yearly estimates in a range of -$0.14 being high and -$0.14 being low. For GFAI, this leads to a yearly average estimate of -$0.14.

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