Volatility Is Your Friend: CISO Global Inc (CISO) Is Hot Again

CISO Global Inc (NASDAQ:CISO) does about 4.91M shares in volume on a normal day but saw 2770072 shares change hands in the recent trading day. The company now has a market cap of 16.62M USD. Its current market price is $1.01, marking no change compared to the previous close of $1.01. The 52 week high reached by this stock is $3.84 whilst the lowest price level in 52 weeks is $0.26.

CISO Global Inc (CISO) has a 20-day trading average at $0.5883 and the current price is -73.70% off the 52-week high compared with 288.46% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6525 and its 200-day simple moving average is $0.9094. If we look at the stock’s price movements over the week, volatility stands at 35.19%, which decreases to 21.05% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 77.85 to suggest the stock is overbought.

The consensus objective for the share price is $15.00, suggesting that the stock has a potential upside of 93.27% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 21, 2022 when Cantor Fitzgerald initiated the stock to “Overweight” and issued a price target of $5.

The current price level is 71.68%, 54.81%, and 11.07% away from its SMA20, SMA50, and SMA200 respectively, with the CISO price moving below the 50-day SMA on current market day. CISO Global Inc (CISO) stock is up 98.35% over the week and 169.55% over the past month. Its price is -70.89% year-to-date and -3.81% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 93.27 percent from here.

Outstanding shares total 11.82M with insiders holding 44.61% of the shares and institutional holders owning 2.37% of the company’s common stock. The company has a return on investment of -1511.67% and return on equity of -241.86%. Price to book ratio is 10.39 and price to sales ratio is 0.48.