Guardforce AI Co. Limited (NASDAQ: GFAI) stock fell -9.53% on Wednesday to $5.41 against a previous-day closing price of $5.98. With 3.04 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.67 million shares. During the session, the Security & Protection Services company that operates in wider Industrials sector, reached to the highest price of $6.09 whereas the lowest price it dropped to was $5.33. The 52-week range on GFAI shows that it touched its highest point at $36.90 and its lowest point at $3.81 during that stretch. It currently has a 1-year price target of $30.00.
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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 up-trending over the past week, with a rise of 7.34%, but this was down by -69.57% over a month. Three-month performance dropped to -30.19% while six-month performance fell -24.86%. The stock lost -78.32% in the past year, while it has gained 6.66% so far this year.
Float and Shares Shorts:
At present, 6.88 million GFAI shares are outstanding with a float of 6.76 million shares on hand for trading. On May 14, 2023, short shares totaled 0.39 million, which was 5.60% higher than short shares on Apr 13, 2023. In addition to Ms. Lei Wang as the firm’s CEO & Chairman, Mr. Lin Jia serves as its Pres.
Institutional Ownership:
Through their ownership of 0.27% of GFAI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.01% of GFAI, in contrast to -0.01% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GFAI with 0.00% of the stake, G1 Execution Services LLC holds 0 shares worth 0. A second-largest stockholder of GFAI, Virtue Capital Management LLC, holds 0 shares, controlling over 0.00% of the firm’s shares. Jane Street Capital LLC is the third largest shareholder in GFAI, holding 0 shares or 0.00% stake. With a 0.01% stake in GFAI, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 119 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.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GFAI since 0 analysts follow the stock currently. 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 $30.00 and a low target of $30.00, the average target price over the next 12 months is $30.00. Based on these targets, GFAI could surge 454.53% to reach the target high and rise by 454.53% to reach the target low. Reaching the average price target will result in a growth of 454.53% 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.
