NXT-ID Inc (NASDAQ:NXTD) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $4.00 for the company, according to Zacks. Zacks has also given NXT-ID an industry rank of 47 out of 255 based on the ratings given to its competitors.
Separately, Maxim Group restated a “buy” rating and set a $4.00 target price on shares of NXT-ID in a research note on Friday, September 28th.
In other NXT-ID news, COO Michael Joseph Orlando sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $1.53, for a total transaction of $91,800.00. Following the sale, the chief operating officer now owns 1,249,605 shares in the company, valued at approximately $1,911,895.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 78,000 shares of company stock worth $119,840. 13.27% of the stock is owned by company insiders.
A hedge fund recently bought a new stake in NXT-ID stock. Barclays PLC purchased a new position in NXT-ID Inc (NASDAQ:NXTD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 147,500 shares of the technology company’s stock, valued at approximately $294,000. Barclays PLC owned about 0.61% of NXT-ID as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 4.62% of the company’s stock.
Shares of NXTD traded down $0.12 on Friday, reaching $0.94. The company’s stock had a trading volume of 822,571 shares, compared to its average volume of 334,006. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.47 and a quick ratio of 0.93. NXT-ID has a 12-month low of $0.85 and a 12-month high of $8.59.
NXT-ID (NASDAQ:NXTD) last released its earnings results on Wednesday, August 15th. The technology company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. NXT-ID had a negative net margin of 46.85% and a negative return on equity of 57.44%. The company had revenue of $5.18 million for the quarter.
Nxt-ID, Inc, a security technology company, engages in the development of products and solutions for security, healthcare, financial technology, and Internet of Things (IoT) markets. It offers non-monitored and monitored personal emergency response systems (PERS), including landline and cell-based options; the Fit Pay Trusted Payment Manager Platform (TPMP) that provides IoT and wearable devices with contactless payment capabilities and full digital wallet functionality; World Ventures Flye SmartCard, a smartcard customized for WorldVentures, the travel company; and Fit Pay General Purpose Reloadable Mastercard, which offers prepaid capabilities on wearable devices connected to the TPMP.
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