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

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

Analyst Ratings Changes

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

CISO Global Stock Performance

The stock has a market capitalization of $11.92 million, a price-to-earnings ratio of -1.10 and a beta of 1.74. The firm’s fifty day simple moving average is $0.30 and its 200 day simple moving average is $0.36.

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

Hedge Funds Weigh In On CISO Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of CISO Global in the 3rd quarter valued at about $58,000. Jane Street Group LLC acquired a new position in shares of CISO Global during the second quarter worth about $94,000. Geode Capital Management LLC boosted its position in shares of CISO Global by 26.7% during the fourth quarter. Geode Capital Management LLC now owns 357,713 shares of the company’s stock worth $172,000 after buying an additional 75,367 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of CISO Global during the second quarter worth about $37,000. 40.08% of the stock is owned by institutional investors and hedge funds.

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.