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.
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.
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.
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.