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Saturday, September 30, 2023

When Will Safe-T Group Ltd (SFET) Slow Down

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Safe-T Group Ltd (SFET) shares are trading at higher $1.22.

To add more color to this target, the company’s high over the last year is $5.44 and the low is $0.90. Over the last 52 weeks, SFET is down -73.90% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SFET reported a profit of $0.86 million. Safe-T Group Ltd also saw revenues increase to $1.43 million. In addition, SFET has free cash flow of $0.0 as of 09-2020. The company’s EBITDA came in at -$2.32 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SFET has a short ratio of 0.24 and outstanding shares of 18.15M.

Company Outlook

SFET has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 3.05 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.84. Safe-T Group Ltd SFET also noted assets of $26.0 million at the end of the last quarter. Investors should also keep an eye on sector updates as SFET has historically followed its peers on positive news.

All told, Safe-T Group Ltd SFET has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SFET represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Safe-T Group Ltd SFET is now commanding a market cap of 22.15M and a float of 3.54M. SFET is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SFET stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SFET, either long or short, and we have not been compensated for this article.

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