Lynwood Capital Management, Inc. recently announced the acquisition of new stake in CISO Global Inc (NASDAQ:CISO). The institutional investor has increased its shareholding in the Technology company by 20.21% to 6.75 million shares with purchase of 1.14 million shares. This fresh investment now brings its stake to 3.75% valued currently at $0.94 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.73 million to 1.3 million shares. And Geode Capital Management LLC has lifted its position by 56.13% or 0.26 million shares – to 0.72 million shares.
With over 13.28 million CISO Global Inc (CISO) shares trading Friday and a closing price of $0.13 on the day, the dollar volume was approximately $1.73 million. The shares have shown a negative half year performance of -33.12% and its price on 01/05/24 gained nearly 20.96%. Currently, there are 146.40M common shares owned by the public and among those 89.25M shares have been available to trade.
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Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in CISO Global Inc are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market ETF owns 0.73 million shares of the company’s stock, all valued at over $0.1 million. Fidelity Extended Market Index Fu now owns shares totaling to 0.17% of the shares outstanding.
However, the script later moved the day high at 0.1550, up 20.96%. The company’s stock has a 5-day price change of 22.72% and -7.06% over the past three months. CISO shares are trading 24.41% year to date (YTD), with the 12-month market performance down to -94.50% lower. It has a 12-month low price of $0.08 and touched a high of $2.50 over the same period. CISO has an average intraday trading volume of 5.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 28.06%, 14.97%, and -28.49% respectively.
Institutional ownership of CISO Global Inc (NASDAQ: CISO) shares accounts for 6.32% of the company’s 146.40M shares outstanding. Mutual fund holders own 5.27%, while other institutional holders and individual stakeholders account for 50.52% and 1.05% respectively.
It has a market capitalization of $22.77M. The earnings-per-share (ttm) stands at -$0.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 26.27% over the week and 13.94% over the month.
Analysts forecast that CISO Global Inc (CISO) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.07 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate CISO Global Inc (CISO) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CISO, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on October 21, 2022, with the firm’s price target at $5.
