CISO Global (CISO, Financial) has recently renewed its S-3 shelf registration, making a noteworthy adjustment by cutting the total shelf from $300 million to $100 million. In conjunction with this, the company has also drastically reduced its At-The-Market (ATM) offering component, decreasing it from $100 million to nearly $10 million. According to CISO Global's CEO, David Jemmett, the renewal is primarily to maintain Nasdaq compliance, with no current plans to utilize the ATM facility. The company's focus remains on the strategic expansion of its software and services sector, alongside cautious financial resource management.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for CISO Global Inc (CISO, Financial) is $1.00 with a high estimate of $1.00 and a low estimate of $1.00. The average target implies an downside of 20.00% from the current price of $1.25. More detailed estimate data can be found on the CISO Global Inc (CISO) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, CISO Global Inc's (CISO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CISO Global Inc (CISO, Financial) in one year is $1.28, suggesting a upside of 2.4% from the current price of $1.25. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CISO Global Inc (CISO) Summary page.
