Can CISO Global Inc (CISO) stock recover despite sales dropping?

In yesterday’s Wall Street session, CISO Global Inc (NASDAQ:CISO) shares traded at $0.14, down -13.44% from the previous session.

1 analysts cover CISO Global Inc (NASDAQ:CISO), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $1.00, we find $1.00. Given the previous closing price of $0.16, this indicates a potential upside of 525.0 percent. CISO stock price is now 5.52% away from the 50-day moving average and -51.89% away from the 200-day moving average. The market capitalization of the company currently stands at $24.95M.

The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $1.00 as their price target over the next twelve months.

With the price target of $5, Cantor Fitzgerald recently initiated with Overweight rating for CISO Global Inc (NASDAQ: CISO).

A total of 51.08% of the company’s stock is owned by insiders.

On Thursday morning CISO Global Inc (NASDAQ: CISO) stock kicked off with the opening price of $0.1755. During the past 12 months, CISO Global Inc has had a low of $0.09 and a high of $3.27. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 0.37, and a quick ratio of 0.37. The fifty day moving average price for CISO is $0.1313 and a two-hundred day moving average price translates $0.2879 for the stock.

The latest earnings results from CISO Global Inc (NASDAQ: CISO) was released for Sep, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.05 by 0.02. This compares to -$0.06 EPS in the same period last year. The net profit margin was -137.07% and return on equity was -157.09% for CISO. The company reported revenue of $14.06 million for the quarter, compared to $11.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.99 percent. For the current quarter, analysts expect CISO to generate $20.19M in revenue.

CISO Global Inc(CISO) Company Profile

CISO Global Inc. operates as a cybersecurity and compliance company in the United States, Chile, and internationally. Its cybersecurity services include security managed, cybersecurity consulting, compliance auditing, vulnerability assessment, penetration testing, disaster recovery, data backup, and cybersecurity training services. The company was formerly known as Cerberus Cyber Sentinel Corporation and changed its name to CISO Global Inc. in May 2023. CISO Global Inc. was founded in 2015 and is headquartered in Scottsdale, Arizona.

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