Guardforce AI (NASDAQ:GFAI) Stock Falls 4.5% – What’s Next?

Guardforce AI Co., Limited (NASDAQ:GFAI – Get Free Report)’s share price was down 4.5% during trading on Thursday. The stock traded as low as $0.19 and last traded at $0.2046. 651,390 shares were traded during trading, an increase of 353% from the average session volume of 143,847 shares. The stock had previously closed at $0.2142.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Guardforce AI from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Guardforce AI presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on GFAI

Guardforce AI Trading Down 2.7%

The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $0.33 and a two-hundred day moving average price of $0.40.

Guardforce AI (NASDAQ:GFAI – Get Free Report) last posted its earnings results on Wednesday, September 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $9.14 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Guardforce AI stock. Renaissance Technologies LLC lifted its stake in shares of Guardforce AI Co., Limited (NASDAQ:GFAI – Free Report) by 13.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 395,200 shares of the company’s stock after acquiring an additional 47,500 shares during the period. Renaissance Technologies LLC owned approximately 1.62% of Guardforce AI worth $177,000 at the end of the most recent quarter. Institutional investors and hedge funds own 2.04% of the company’s stock.

Guardforce AI Company Profile

(Get Free Report)

Guardforce AI Co, Limited (NASDAQ:GFAI) is a technology and security services company focused on combining traditional security operations with artificial intelligence and robotics. The company provides integrated security solutions designed to support businesses, institutions and other organizations.

Its security services include manned guarding, cash-in-transit services and related security solutions. Through its AI robotics business, Guardforce AI offers robotic products and services for applications such as delivery, disinfection, customer service and other commercial or institutional uses.

The company has historical roots in the security services industry in Asia and was formerly known as Sino Vision Worldwide Holdings Limited before adopting the Guardforce AI name.

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