Tuesday session is suddenly getting red due to confident uncertainty which correlates with several factors. Out of thousands of stocks, Guardforce AI (NASDAQ: GFAI) has managed to stay green by surging 33% after announcing an acquisition of eight Chinese companies.
Many would think this news could push the stock cosmical high but market conditions have made it trade under $1. If this kind of news came out back in April GFAI would pop over $5 easily.
At the end of today’s session, the stock will make corrections by pulling the price down to a minimum of $0.75 per share.
Guardforce AI is currently making good revenue but unavoidable costs don’t allow it to enjoy at least a $5k profit. Hopefully, those eight companies will push the company to enter the high-profit territory.