Rank One Computing’s (NASDAQ:ROC – Get Free Report) lock-up period is set to expire on Wednesday, August 19th. Rank One Computing had issued 4,000,000 shares in its initial public offering on February 20th. The total size of the offering was $24,000,000 based on an initial share price of $6.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Benchmark reaffirmed a “buy” rating on shares of Rank One Computing in a research note on Friday. Weiss Ratings raised shares of Rank One Computing from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rank One Computing presently has a consensus rating of “Hold” and an average price target of $9.00.
Rank One Computing Trading Down 3.3%
Rank One Computing (NASDAQ:ROC – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $5.09 million during the quarter.
About Rank One Computing
ROC is an independent American artificial intelligence company redefining the global standard for Vision AI in identity, security, and digital forensics. Our Vision AI platform delivers real-time facial recognition, multimodal biometric verification, video analytics, and AI-powered evidence analysis to mission-critical organizations across both private and public sectors. ROC’s biometric algorithms are routinely ranked by the National Institute of Standards and Technology (“NIST”) as among the most accurate and computationally efficient globally.
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