The stock of CISO Global Inc. (NASDAQ:CISO) decreased by $0.0 on Wednesday to $0.17, down -0.45 percent. The last five days have seen an average of 492,674 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$2.3853. The average number of shares traded over the last 20 days was 416,089, while the average volume over the last 50 days totaled 671,131.
CISO stock dropped -0.57% since last month. On 08/25/23, the company’s shares reached a one-month low of $0.1444. The stock touched a high of $3.56 on 01/03/23, after rallying from a low of $0.14 in 52 weeks. The price of CISO stock has declined by -93.51% or -$2.3853 this year, reaching a new high 1 time. Still, the stock price is down -95.34% from the 52-week high.
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Financial Health
For the three months ended June 29, CISO Global Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.29, and the total debt to equity ratio is 0.44. As far as profitability goes, gross margin for the trailing twelve months is 6.00% percent. Based on annual data, it had gross profit of $2.73 million and revenue of $46.55 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CISO’s return on assets (ROA) during the last 12 months has been -93.50%. There was a -36.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -139.60%.
Earnings Surprise
According to CISO Global Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $15.01 million, while revenues rose by 25.18% to $13.73 million. It was predicted that CISO Global Inc.’s quarterly earnings would be -$0.18, but it ended up being -$0.05. EBITDA was -$7.1 million for the quarter. At the end of CISO Global Inc.’s most recent quarter ended June 29, its liabilities totaled 32.62 million, while its total debt was $14.31 million. Equity owned by shareholders amounts to $178.01 million.
Technical Picture
Here’s a quick look at CISO Global Inc.’s (CISO) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 49.55%, suggesting the stock is Neutral, with a 91.68% historical volatility rate.
The stochastic %K and %D were 54.77% and 57.25% respectively, while the average true range (ATR) was 0.0157. Based on the 14-day stochastic reading of 60.00%, the RSI (14) reading is 48.22%. On the 9-day MACD Oscillator, the stock is at -0.0011.
Analyst Ratings
In its analyst report released on October 21, 2022, Cantor Fitzgerald began covering CISO Global Inc. (NASDAQ: CISO). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned CISO Global Inc. (CISO) an Buy rating. CISO is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is CISO’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.00 and $1.00, with a median target price of $1.00. In analyzing these forecasts, the average price target given by analysts for CISO Global Inc. (CISO) is $1.00.
