CISO Global (NASDAQ:CISO) Stock Price Down 1.8% – Should You Sell?

CISO Global, Inc. (NASDAQ:CISO)’s share price was down 1.8% during mid-day trading on Wednesday . The company traded as low as $0.25 and last traded at $0.2631. 220,398 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 1,465,364 shares. The stock had previously closed at $0.2680.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of CISO Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

CISO Global Stock Down 1.8%

The business’s fifty day moving average is $0.30 and its two-hundred day moving average is $0.36. The firm has a market cap of $11.92 million, a price-to-earnings ratio of -1.10 and a beta of 1.74.

CISO Global (NASDAQ:CISO) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.05) by $1.01. The firm had revenue of $6.22 million for the quarter, compared to the consensus estimate of $12.92 million. CISO Global had a negative return on equity of 32.61% and a negative net margin of 16.69%.

Hedge Funds Weigh In On CISO Global

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in CISO Global by 26.7% in the fourth quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock valued at $172,000 after acquiring an additional 75,367 shares during the last quarter. Virtu Financial LLC acquired a new stake in CISO Global in the third quarter worth about $58,000. Jane Street Group LLC bought a new stake in CISO Global during the 2nd quarter worth about $94,000. Finally, XTX Topco Ltd acquired a new position in CISO Global during the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 40.08% of the company’s stock.

About CISO Global

CISO Global, Inc (NASDAQ: CISO) is a cybersecurity and risk management firm that delivers a comprehensive suite of services designed to strengthen organizational defenses and ensure regulatory compliance. The company’s core offerings include managed security services, threat monitoring, incident response, vulnerability assessments and penetration testing. By integrating advanced analytics, automated tooling and human expertise, CISO Global aims to protect enterprises from evolving cyber threats while maintaining the integrity of critical systems and data.

In addition to its managed security platform, CISO Global provides advisory and consulting services that cover risk and compliance management, governance framework development, security policy design and third-party risk assessments.