NXT-ID (NASDAQ:NXTD) Given a $5.00 Price Target by Maxim Group Analysts

NXT-ID (NASDAQ:NXTD) has been given a $5.00 price target by stock analysts at Maxim Group in a research report issued on Wednesday, November 15th, MarketBeat.com reports. The brokerage presently has a “buy” rating on the technology company’s stock. Maxim Group’s target price would suggest a potential upside of 278.79% from the stock’s previous close.

Shares of NXT-ID (NXTD) traded up $0.03 on Wednesday, hitting $1.32. 147,321 shares of the stock were exchanged, compared to its average volume of 316,665. NXT-ID has a 52-week low of $1.01 and a 52-week high of $4.17. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.61.

A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. grew its position in NXT-ID Inc (NASDAQ:NXTD) by 2.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 76,010 shares of the technology company’s stock after buying an additional 1,609 shares during the period. Vanguard Group Inc. owned approximately 0.79% of NXT-ID worth $144,000 as of its most recent SEC filing. 4.62% of the stock is owned by institutional investors and hedge funds.

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About NXT-ID

Nxt-ID, Inc is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting.

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