TG-17 Stock Scheduled to Reverse Split on Monday, October 19th (NASDAQ:OBAI)

TG-17 Inc. (NASDAQ:OBAI)’s stock is scheduled to reverse split before the market opens on Monday, October 19th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 18th.

TG-17 Trading Down 15.4%

NASDAQ OBAI traded down $0.03 on Thursday, hitting $0.14. 1,229,396 shares of the company’s stock traded hands, compared to its average volume of 5,277,727. TG-17 has a 1-year low of $0.13 and a 1-year high of $38.50. The firm’s 50-day moving average price is $0.30 and its two-hundred day moving average price is $0.55. The firm has a market capitalization of $4.31 million and a PE ratio of -0.24.

TG-17 (NASDAQ:OBAI) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $2.12 million for the quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on OBAI shares. Weiss Ratings raised TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, August 7th. Maxim Group assumed coverage on TG-17 in a report on Friday, June 26th. They issued a “buy” rating and a $2.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, TG-17 currently has a consensus rating of “Hold” and an average target price of $2.00.

About TG-17

TG-17, Inc, dba Bond (“Bond”) was formed under the laws of the State of Delaware on April 11, 2017. We provide preventative personal security powered by AI. Once activated, the cloud-based Bond Preventative Personal Security Platform provides users with remote protective services via phone app (using its Bond Preventative Personal Security Platform) and with 24/7 support from our Personal Security Agents, who are in Bond Command Centers and can respond rapidly. We offer 14 distinct services through our phone app (the “Bond App”) and fully automated Bond Command Centers located around the world, that allow Bond members to choose when and how Bond will keep them secure while preserving their privacy.