Barclays Issues Pessimistic Forecast for Gauzy (NASDAQ:GAUZ) Stock Price

Gauzy (NASDAQ:GAUZ) had its price target decreased by equities researchers at Barclays from $24.00 to $15.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 93.30% from the company’s previous close.

Separately, TD Cowen reduced their target price on shares of Gauzy from $24.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

Gauzy Stock Performance

NASDAQ GAUZ opened at $7.76 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.03 and a current ratio of 1.19. Gauzy has a one year low of $7.36 and a one year high of $17.10. The firm has a 50 day simple moving average of $9.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new stake in shares of Gauzy during the second quarter worth approximately $170,000. Skylands Capital LLC bought a new stake in shares of Gauzy in the 2nd quarter worth about $825,000. Empyrean Capital Partners LP bought a new position in shares of Gauzy during the second quarter worth about $1,202,000. Ghisallo Capital Management LLC acquired a new position in Gauzy in the second quarter worth about $1,491,000. Finally, Millennium Management LLC bought a new stake in Gauzy in the second quarter valued at about $2,824,000.

About Gauzy

Gauzy Ltd. is a fully-integrated light and vision control company which focused on the research, development, manufacturing and marketing of vision and light control technologies. It operates principally in Germany, France, the United States, Canada, China, Singapore and Dubai. Gauzy Ltd. is headquartered in Tel Aviv, Israel.