Guardforce AI Co Ltd (NASDAQ: GFAI) stock jumped 3.54% on Monday to $3.80 against a previous-day closing price of $3.67. With 0.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.25 million shares. During the session, the Security & Protection Services company that operates in wider Industrials sector, reached to the highest price of $3.8999 whereas the lowest price it dropped to was $3.6001. The 52-week range on GFAI shows that it touched its highest point at $36.90 and its lowest point at $3.06 during that stretch. It currently has a 1-year price target of $14.00.
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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 17.65%, but this was up by 11.76% over a month. Three-month performance dropped to -15.93% while six-month performance fell -41.27%. The stock lost -49.41% in the past year, while it has lost -25.08% so far this year.
Float and Shares Shorts:
At present, 6.50 million GFAI shares are outstanding with a float of 4.29 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.15 million, which was 2.12% higher than short shares on Sep 28, 2023. In addition to Ms. Lei Wang as the firm’s CEO & Chairman, Mr. Lin Jia serves as its President.
Institutional Ownership:
Through their ownership of 0.00% of GFAI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.63% of GFAI, in contrast to 0.06% held by mutual funds. As the largest shareholder in GFAI with 0.81% of the stake, Schonfeld Strategic Advisors LLC holds 52,700 shares worth 52,700. A second-largest stockholder of GFAI, Mariner LLC, holds 34,143 shares, controlling over 0.53% of the firm’s shares. Alpine Global Management LLC is the third largest shareholder in GFAI, holding 20,000 shares or 0.31% stake. With a 0.06% stake in GFAI, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 3,673 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 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 $14.00 and a low target of $14.00, the average target price over the next 12 months is $14.00. Based on these targets, GFAI could surge 268.42% to reach the target high and rise by 268.42% to reach the target low. Reaching the average price target will result in a growth of 268.42% from current levels.
