D. Boral Capital Reaffirms Buy Rating for Guardforce AI (NASDAQ:GFAI)

Guardforce AI (NASDAQ:GFAI)‘s stock had its “buy” rating reaffirmed by stock analysts at D. Boral Capital in a research report issued on Monday,Benzinga reports. They presently have a $4.50 price target on the stock. D. Boral Capital’s target price points to a potential upside of 318.60% from the stock’s current price.

Guardforce AI Stock Performance

Guardforce AI stock opened at $1.08 on Monday. The business’s 50-day simple moving average is $1.04 and its two-hundred day simple moving average is $1.30. Guardforce AI has a fifty-two week low of $0.76 and a fifty-two week high of $3.88. The company has a current ratio of 3.42, a quick ratio of 3.36 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFAI. Virtu Financial LLC acquired a new stake in Guardforce AI during the fourth quarter worth about $35,000. Renaissance Technologies LLC grew its holdings in Guardforce AI by 305.5% in the fourth quarter. Renaissance Technologies LLC now owns 96,500 shares of the company’s stock valued at $138,000 after purchasing an additional 72,700 shares during the period. Millennium Management LLC acquired a new position in shares of Guardforce AI during the 4th quarter worth approximately $36,000. Finally, Squarepoint Ops LLC acquired a new position in Guardforce AI during the fourth quarter worth $27,000. 2.04% of the stock is currently owned by institutional investors and hedge funds.

About Guardforce AI

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.