Why Is Guardforce AI (GFAI) Stock Up Today?

Guardforce AI (NASDAQ:GFAI) stock is rising higher on Thursday as retail traders react to recent news from the company today!

a robot built in the essence of a human raising its hand to its chin implying deep thought representing GFAI stock.

Source: Phonlamai Photo / Shutterstock.com

Guardforce AI is a robotics company with a focus on providing customers with information security services. This has it offering up robots that act as patrol guards to companies to increase the protection of properties.

The big news today is Guardforce AI launching its robotics services in the U.S. This starts in New Jersey, which is where the headquarters of the company’s U.S. operations is based.

These new services include robots that roam offices buildings, taking part in disinfection duties. The current rollout is a trial as Guardforce AI seeks feedback from customers concerning its robots’ performance.

Guardforce AI also wants to expand the types of services it offers to customers. Among these are plans for T-series robots that can handle reception services in restaurants, hotels, and malls. After that, it wants to focus on robots that can handle deliveries, security, and advertising.

GFAI stock has been a favorite of retail investors with them pumping shares up regularly. With today’s news, we’re seeing a major increase in interest in the stock. That includes heavy trading with some 27 million units changing hands. For comparison, the company’s daily average trading volume is about 11.9 million shares.

GFAI stock is up 29.3% as of Thursday morning but is down 27.2% since the start of the year.

Investors looking for more stock market news will want to keep reading!

We’ve got all the most recent stock news traders need to know about for Thursday! That includes what to know about shares of Tesla (NASDAQ:TSLA) stock, Cyngn (NASDAQ:CYN) stock, and Golden Nugget Online Gaming (NASDAQ:GNOG) stock today. You can find all of this at the following links!

More Thursday Stock Market News

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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