Shares of NXT-ID Inc (NASDAQ:NXTD) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price target of $2.00 for the company, according to Zacks. Zacks has also assigned NXT-ID an industry rank of 45 out of 255 based on the ratings given to its competitors.
Separately, Maxim Group restated a “buy” rating and issued a $2.00 target price on shares of NXT-ID in a report on Thursday, March 14th.
An institutional investor recently raised its position in NXT-ID stock. Barclays PLC grew its stake in shares of NXT-ID Inc (NASDAQ:NXTD) by 577.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,612 shares of the technology company’s stock after purchasing an additional 60,190 shares during the period. Barclays PLC owned approximately 0.28% of NXT-ID worth $48,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.57% of the company’s stock.
Shares of NASDAQ NXTD traded down $0.02 during midday trading on Friday, reaching $0.95. The company’s stock had a trading volume of 89,136 shares, compared to its average volume of 443,735. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.93. NXT-ID has a fifty-two week low of $0.53 and a fifty-two week high of $2.12.
NXT-ID Company Profile
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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