Guardforce AI (NASDAQ:GFAI) Trading Down 3.8% – Here’s What Happened

Guardforce AI Co., Limited (NASDAQ:GFAI) shares were down 3.8% on Wednesday . The company traded as low as $0.4346 and last traded at $0.4406. Approximately 382,142 shares were traded during trading, a decline of 33% from the average daily volume of 572,568 shares. The stock had previously closed at $0.4579.

Analyst Ratings Changes

A number of research firms have weighed in on GFAI. Weiss Ratings reissued a “sell (e+)” rating on shares of Guardforce AI in a research note on Monday, December 29th. Wall Street Zen downgraded Guardforce AI from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.50.

Guardforce AI Price Performance

The business has a 50-day moving average of $0.60 and a 200-day moving average of $0.88. The company has a current ratio of 5.26, a quick ratio of 5.22 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Guardforce AI

A hedge fund recently raised its stake in Guardforce AI stock. Renaissance Technologies LLC raised its position in Guardforce AI Co., Limited (NASDAQ:GFAI) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 347,700 shares of the company’s stock after purchasing an additional 71,800 shares during the quarter. Renaissance Technologies LLC owned 1.65% of Guardforce AI worth $194,000 as of its most recent SEC filing. 2.04% of the stock is currently owned by hedge funds and other institutional investors.

About Guardforce AI

Guardforce AI Limited (NASDAQ:GFAI) is a developer of AI-powered robotics and automation solutions for security, health and service applications. Its offerings include autonomous patrol robots equipped with advanced computer vision and sensor fusion capabilities, disinfection robots utilizing UV and spray systems, and last-mile delivery units, all coordinated through a proprietary cloud-based management platform. These integrated solutions enable clients to enhance physical security, improve hygiene standards and optimize operational efficiency.

Established in 2021 and publicly listed on the Nasdaq stock exchange, Guardforce AI leverages its engineering expertise in machine learning algorithms and real-time analytics to meet the evolving needs of industries such as manufacturing, logistics, retail, healthcare and public infrastructure.