CISO Global (NASDAQ:CISO) Shares Down 12.2%

Posted by Alphonse Anthony on May 9th, 2024

CISO Global Inc. (NASDAQ:CISO – Get Free Report) shares dropped 12.2% during mid-day trading on Wednesday . The stock traded as low as $0.88 and last traded at $0.92. Approximately 99,972 shares changed hands during trading, a decline of 49% from the average daily volume of 194,891 shares. The stock had previously closed at $1.05.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reiterated an “overweight” rating on shares of CISO Global in a research report on Wednesday, February 14th.

Read Our Latest Stock Analysis on CISO Global

CISO Global Price Performance

The company has a quick ratio of 0.41, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $1.24 and its 200 day simple moving average is $1.50.

Institutional Investors Weigh In On CISO Global

A hedge fund recently raised its stake in CISO Global stock. Lynwood Capital Management Inc. raised its stake in CISO Global Inc. (NASDAQ:CISO – Free Report) by 20.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,750,000 shares of the company’s stock after buying an additional 1,135,000 shares during the quarter. CISO Global makes up approximately 2.5% of Lynwood Capital Management Inc.’s investment portfolio, making the stock its 9th largest position. Lynwood Capital Management Inc. owned about 3.79% of CISO Global worth $945,000 as of its most recent filing with the Securities & Exchange Commission. 40.08% of the stock is currently owned by hedge funds and other institutional investors.

CISO Global Company Profile

(Get Free Report)

CISO Global Inc operates as a cybersecurity and compliance company in the United States, Chile, and internationally. The company offers security managed services, including compliance, secured managed, and cyber defense operation services; culture education and enablement; tools and technology provisioning; data, privacy, regulations, and compliance monitoring; remote infrastructure administration; and antivirus and patch management services.