Guardforce AI Co Ltd (NASDAQ:GFAI) shares, rose in value on Thursday, January 02, without any change to the previous day’s close as strong demand from buyers drove the stock to $1.43.
Actively observing the price movement in the last trading, the stock closed the session at $1.43, falling within a range of $1.37 and $1.56. The value of beta (5-year monthly) was 2.706. Referring to stock’s 52-week performance, its high was $4.30, and the low was $0.94. On the whole, GFAI has fluctuated by 10.85% over the past month.
With the market capitalization of Guardforce AI Co Ltd currently standing at about $14.64 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GFAI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of GFAI currently trading nearly 6.08% and 17.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.59, while the 7-day volatility ratio is showing 27.68% which for the 30-day chart, stands at 17.80%. Furthermore, Guardforce AI Co Ltd (GFAI)’s average true range (ATR) is 0.21.
A comparison of Guardforce AI Co Ltd (GFAI) with its peers suggests the former has fared considerably weaker in the market. GFAI showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -57.06%%.
Data on historical trading for Guardforce AI Co Ltd (NASDAQ:GFAI) indicates that the trading volumes over the past 10 days have averaged 2.61 and over the past 3 months, they’ve averaged 991.59K. According to company’s latest data on outstanding shares, there are 10.24 million shares outstanding.
Nearly 18.32% of Guardforce AI Co Ltd’s shares belong to company insiders and institutional investors own 0.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.12 million shares as on 2024-12-13, resulting in a short ratio of 0.09. According to the data, the short interest in Guardforce AI Co Ltd (GFAI) stood at 105.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 0.27 million. This could raise investors’ confidence to be optimistic about the GFAI stock heading into the next quarter.
