Banzai International Stock to Reverse Split on Tuesday, October 27th (NASDAQ:PARA)

Banzai International (NASDAQ:PARA)’s stock is going to reverse split before the market opens on Tuesday, October 27th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, October 26th.

Banzai International Stock Down 9.6%

Shares of NASDAQ:PARA traded down $0.05 during trading on Friday, reaching $0.43. 117,677 shares of the stock were exchanged, compared to its average volume of 271,590. The stock has a market cap of $1.51 million, a PE ratio of -0.01 and a beta of -0.99. Banzai International has a 12 month low of $0.42 and a 12 month high of $48.40.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Banzai International from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Banzai International has an average rating of “Sell”.

Banzai International Company Profile

Banzai International, Inc is a software company that provides marketing technology designed to help businesses plan, promote and measure virtual and in-person events. Its platform is intended to support customer engagement, lead generation and marketing automation.

The company’s product portfolio has included Demio, a webinar and virtual-event platform, along with tools focused on event promotion, audience registration, communications and performance measurement. Banzai primarily serves businesses and marketing teams seeking to improve event-driven demand generation and customer outreach.

Banzai was founded by Joe Davy, who has served as the company’s chief executive officer.