Market cap of Guardforce AI Co. Limited [GFAI] reaches 12.24M – now what?


Guardforce AI Co. Limited [NASDAQ: GFAI] gained 4.51% or 0.03 points to close at $0.58 with a heavy trading volume of 3184742 shares. The company report on June 2, 2022 that Guardforce AI Announces LOI to Acquire Twelve Additional Robotics Companies in China.

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Guardforce AI Co., Limited (“Guardforce AI” or the “Company”) (NASDAQ:GFAI, GFAIW), an integrated security solutions provider, announced today it has signed a supplemental letter of intent (LOI) with Shenzhen Kewei Robot Technology Co., Limited (“Kewei”) to acquire an additional twelve robotics companies, which follows the Company’s previously announced definitive agreement to acquire seven robotics companies in China.

The twelve robotics companies are among the leading providers of Robotics-as-a-Service (RaaS) solutions within their respective markets in China and bring established customers and management teams. The 12 companies are located in key economic areas across northeast, northwest, central and southwest China. Most of the provinces served are among the top 20 markets in China for overall economic performance in 2021.

It opened the trading session at $0.58, the shares rose to $0.5989 and dropped to $0.562, the range by which the price of stock traded the whole day. The daily chart for GFAI points out that the company has recorded -68.12% loss over the past six months. However, it is still -93.33% lower than its most recent low trading price.

If we look at the average trading volume of 12.23M shares, GFAI reached to a volume of 3184742 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Guardforce AI Co. Limited [GFAI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GFAI shares is $2.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GFAI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for Guardforce AI Co. Limited is set at 0.08, with the Price to Sales ratio for GFAI stock in the period of the last 12 months amounting to 0.35.

Trading performance analysis for GFAI stock

Guardforce AI Co. Limited [GFAI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.09. With this latest performance, GFAI shares dropped by -7.07% in over the last four-week period, additionally sinking by -68.12% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GFAI stock in for the last two-week period is set at 45.15, with the RSI for the last a single of trading hit 46.88, and the three-weeks RSI is set at 44.78 for Guardforce AI Co. Limited [GFAI]. The present Moving Average for the last 50 days of trading for this stock 0.8452, while it was recorded at 0.5779 for the last single week of trading.

Guardforce AI Co. Limited [GFAI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Guardforce AI Co. Limited [GFAI] shares currently have an operating margin of -10.54 and a Gross Margin at +7.98. Guardforce AI Co. Limited’s Net Margin is presently recorded at -15.59.

Return on Equity for this stock declined to -250.58, with Return on Assets sitting at -13.98.

An analysis of insider ownership at Guardforce AI Co. Limited [GFAI]

There are presently around $0 million, or 0.38% of GFAI stock, in the hands of institutional investors. The top three institutional holders of GFAI stocks are: MILLENNIUM MANAGEMENT LLC with ownership of 111,943, which is approximately New of the company’s market cap and around 37.12% of the total institutional ownership; CITADEL ADVISORS LLC, holding 74,869 shares of the stock with an approximate value of $41000.0 in GFAI stocks shares; and JANE STREET GROUP, LLC, currently with $34000.0 in GFAI stock with ownership of nearly New of the company’s market capitalization.

7 institutional holders increased their position in Guardforce AI Co. Limited [NASDAQ:GFAI] by around 358,885 shares. Additionally, 4 investors decreased positions by around 629,611 shares, while 0 investors held positions by with 626,228 shares. The mentioned changes placed institutional holdings at 362,268 shares, according to the latest SEC report filing. GFAI stock had 7 new institutional investments in for a total of 358,885 shares, while 3 institutional investors sold positions of 628,019 shares during the same period.