NXT-ID Inc (NASDAQ:NXTD) COO Michael Joseph Orlando sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $2.06, for a total value of $20,600.00. Following the sale, the chief operating officer now owns 1,279,605 shares in the company, valued at approximately $2,635,986.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NXT-ID Inc (NASDAQ:NXTD) opened at $2.21 on Friday. The company has a market capitalization of $52.86, a P/E ratio of -2.38 and a beta of -5.32. NXT-ID Inc has a 52-week low of $1.01 and a 52-week high of $8.59. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.61 and a quick ratio of 0.32.
NXT-ID (NASDAQ:NXTD) last issued its earnings results on Tuesday, November 14th. The technology company reported ($0.28) EPS for the quarter. The firm had revenue of $4.53 million during the quarter. NXT-ID had a negative net margin of 35.61% and a negative return on equity of 335.10%.
A number of equities research analysts have recently weighed in on NXTD shares. Maxim Group set a $5.00 price target on NXT-ID and gave the stock a “buy” rating in a research note on Tuesday, December 19th. ValuEngine upgraded NXT-ID from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.
A number of hedge funds and other institutional investors have recently modified their holdings of NXTD. Bank of Montreal Can purchased a new stake in NXT-ID in the fourth quarter valued at approximately $100,000. Vanguard Group Inc. boosted its position in NXT-ID by 2.2% in the second quarter. Vanguard Group Inc. now owns 76,010 shares of the technology company’s stock valued at $144,000 after buying an additional 1,609 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in NXT-ID in the fourth quarter valued at approximately $145,000. Hedge funds and other institutional investors own 2.71% of the company’s stock.
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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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