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

TG-17 Inc. (NASDAQ:OBAI)’s stock is going to reverse split on the morning of 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 Stock Down 15.4%

Shares of NASDAQ OBAI traded down $0.03 during mid-day trading on Thursday, reaching $0.14. 1,229,396 shares of the company’s stock traded hands, compared to its average volume of 1,223,814. The business has a 50-day simple moving average of $0.30 and a 200 day simple moving average of $0.55. TG-17 has a 1-year low of $0.13 and a 1-year high of $38.50.

TG-17 (NASDAQ:OBAI) last announced its earnings results on Friday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $2.12 million during the quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OBAI. Weiss Ratings upgraded shares of TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, August 7th. Maxim Group assumed coverage on shares of TG-17 in a report on Friday, June 26th. They issued a “buy” rating and a $2.00 price objective for the company. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.00.

TG-17 Company Profile

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.