Renaissance Technologies LLC recently announced the acquisition of new stake in Safe-T Group Ltd (NASDAQ:SFET). The institutional investor has increased its shareholding in the Technology company by 0.35% to 8632.0 shares with purchase of 30.0 shares. This fresh investment now brings its stake to 0.27% valued currently at $20717.0. In addition, Virtu Financial BD LLC raised its holdings by 3734.0 to 6431.0 shares.
With over 0.11 million Safe-T Group Ltd (SFET) shares trading Tuesday and a closing price of $2.86 on the day, the dollar volume was approximately $0.32 million. The shares have shown a negative half year performance of -42.02% and its price on 01/24/23 gained nearly 2.14%. Currently, there are 3.26M common shares owned by the public and among those 3.10M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for SFET have a consensus price objective of $7.17. The analysts have set the share’s price value over the next 12 months at a high of $10.00 and a low of $5.50. The average price target is 63.1% above its recent price level and an upside to the estimated low will see the stock gain 48.0% over that period. But an upside of 71.4% will see the stock hit the forecast high price target while median target price for the stock is $6.00.
Fidelity Nasdaq Composite Index F owns 2487.0 shares of the company’s stock, all valued at over $5969.0. The company bought an additional 2487.0 shares recently to bring their total holdings to about 0.08% of the shares outstanding.
Shares of Safe-T Group Ltd (NASDAQ: SFET) opened at $3.18, up $0.38 from a prior closing price of $2.80. However, the script later moved the day high at 3.1800, up 2.14%. The company’s stock has a 5-day price change of 2.33% and -30.81% over the past three months. SFET shares are trading 19.17% year to date (YTD), with the 12-month market performance down to -54.60% lower. It has a 12-month low price of $2.26 and touched a high of $13.10 over the same period. SFET has an average intraday trading volume of 103.86K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.12%, 0.04%, and -37.87% respectively.
Institutional ownership of Safe-T Group Ltd (NASDAQ: SFET) shares accounts for 0.70% of the company’s 3.26M shares outstanding. Mutual fund holders own 0.08%, while other institutional holders and individual stakeholders account for 0.62% and — respectively.
It has a market capitalization of $9.18M. The earnings-per-share (ttm) stands at -$0.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.02% over the week and 8.04% over the month.
Analysts forecast that Safe-T Group Ltd (SFET) will achieve an EPS of -$0.06 for the current quarter, -$0.05 for the next quarter and -$0.18 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of -$0.06. Comparatively, EPS for the current quarter was -$0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 24.00%, and 60.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Safe-T Group Ltd (SFET) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”