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

Shares of TG-17 Inc. (NASDAQ:OBAI) are scheduled 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 closing bell on Sunday, October 18th.

TG-17 Stock Down 15.4%

Shares of OBAI stock traded down $0.03 during mid-day trading on Thursday, hitting $0.14. 1,229,396 shares of the stock were exchanged, compared to its average volume of 5,277,727. TG-17 has a 52-week low of $0.13 and a 52-week high of $38.50. The company has a market cap of $4.31 million and a PE ratio of -0.24. The firm has a fifty day moving average of $0.30 and a 200 day moving average of $0.55.

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

Analyst Ratings Changes

A number of research firms have weighed in on OBAI. Maxim Group began coverage on shares of TG-17 in a research report on Friday, June 26th. They set a “buy” rating and a $2.00 price objective for the company. Weiss Ratings raised shares of TG-17 from a “sell (e-)” rating to a “sell (e)” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price 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.