Alarum Technologies (NASDAQ:ALAR) Stock Price Down 0.5% – Should You Sell?

Shares of Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) dropped 0.5% during trading on Monday . The company traded as low as $6.98 and last traded at $7.24. Approximately 31,248 shares were traded during trading, a decline of 42% from the average daily volume of 53,915 shares. The stock had previously closed at $7.28.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Alarum Technologies in a research report on Monday, December 29th. Canaccord Genuity Group reissued a “buy” rating on shares of Alarum Technologies in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Alarum Technologies has an average rating of “Hold” and an average target price of $22.00.

Alarum Technologies Stock Performance

The firm has a fifty day simple moving average of $8.24 and a 200-day simple moving average of $12.27. The company has a market capitalization of $52.35 million, a PE ratio of 42.59 and a beta of 1.42.

Alarum Technologies (NASDAQ:ALAR) last announced its quarterly earnings data on Wednesday, November 26th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.15. The company had revenue of $13.01 million during the quarter, compared to analyst estimates of $12.75 million. Alarum Technologies had a net margin of 3.28% and a return on equity of 17.77%. During the same period last year, the business earned $0.20 EPS.

Institutional Investors Weigh In On Alarum Technologies

A hedge fund recently raised its stake in Alarum Technologies stock. Jones Financial Companies Lllp grew its holdings in shares of Alarum Technologies Ltd. Sponsored ADR (NASDAQ:ALAR) by 2,102.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 6,168 shares of the company’s stock after acquiring an additional 5,888 shares during the quarter. Jones Financial Companies Lllp owned about 0.09% of Alarum Technologies worth $39,000 as of its most recent SEC filing. 3.23% of the stock is owned by institutional investors.

Alarum Technologies Company Profile

Alarum Technologies Ltd. provides internet access and web data collection solutions in North, South, and Central America, Europe, Southeast Asia, the Middle East, and Africa. The company operates through two segments, Enterprise Internet Access Solutions and Consumer Internet Access Solutions. The company offers security blanket against ransomware, viruses, phishing, and other online threats, as well as secured and encrypted connection, masking the customers online activity and keeping them safe from hackers.