Guardforce AI (NASDAQ:GFAI) Stock Price Up 22%

Posted by Defense World Staff on May 19th, 2023

Guardforce AI Co., Limited (NASDAQ:GFAI – Get Rating) rose 22% during trading on Thursday . The stock traded as high as $6.45 and last traded at $6.15. Approximately 11,857,578 shares were traded during trading, an increase of 398% from the average daily volume of 2,379,060 shares. The stock had previously closed at $5.04.

Wall Street Analysts Forecast Growth

Separately, EF Hutton Acquisition Co. I reiterated a “buy” rating and issued a $30.00 target price on shares of Guardforce AI in a report on Monday, February 13th.

Guardforce AI Stock Up 22.0 %

The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average price is $11.01 and its 200-day moving average price is $9.28.

Hedge Funds Weigh In On Guardforce AI

A hedge fund recently bought a new stake in Guardforce AI stock. Virtu Financial LLC bought a new stake in Guardforce AI Co., Limited (NASDAQ:GFAI – Get Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,375 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.17% of Guardforce AI as of its most recent SEC filing. 5.50% of the stock is owned by institutional investors.

About Guardforce AI

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Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company's services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.