Nxt-ID Inc. (NASDAQ: NXTD) is -20.63% lower on its value in year-to-date trading and has touched a low of $0.29 and a high of $3.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NXTD stock was last observed hovering at around $1.35 in the last trading session, with the day’s loss setting it -0.08% off its average median price target of $0.35 for the next 12 months. It is also -262.86% off the consensus price target high of $0.35 offered by 1 analysts, but current levels are -262.86% lower than the price target low of $0.35 for the same period.
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Currently trading at $1.27, the stock is -16.39% and -21.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.62 million and changing -5.93% at the moment leaves the stock 51.18% off its SMA200. NXTD registered 296.88% gain for a year compared to 6-month gain of 293.07%. The firm has a 50-day simple moving average (SMA 50) of $1.7191 and a 200-day simple moving average (SMA200) of $1.0081.
The stock witnessed a -3.05% loss in the last 1 month and extending the period to 3 months gives it a -12.71%, and is -7.97% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.59% over the week and 12.54% over the month.
Nxt-ID Inc. (NXTD) has around 30 employees, a market worth around $58.43M and $12.90M in sales. Profit margin for the company is -7.00%. Distance from 52-week low is 337.93% and -63.08% from its 52-week high. The company has generated returns on investments over the last 12 months (3.10%).
Nxt-ID Inc. (NXTD) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Nxt-ID Inc. (NXTD) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Nxt-ID Inc. is expected to release its quarterly report on 08/18/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $4.86M over the same period.The EPS is expected to shrink by -50.80% this year, but quarterly earnings will post 17.10% year-over-year. Quarterly sales are estimated to grow 16.20% in year-over-year returns.
Nxt-ID Inc. (NXTD) Top Institutional Holders
26 institutions hold shares in Nxt-ID Inc. (NXTD), with 5.67M shares held by insiders accounting for 16.18% while institutional investors hold 3.95% of the company’s shares. The shares outstanding are 34.25M, and float is at 28.01M with Short Float at 5.91%. Institutions hold 3.32% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 0.65 million shares valued at $1.04 million. The investor’s holdings represent 1.45% of the NXTD Shares outstanding. As of Dec 30, 2020, the second largest holder is Susquehanna International Group, LLP with 0.17 million shares valued at $0.28 million to account for 0.38% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 0.16 million shares representing 0.34% and valued at over $0.25 million, while HRT Financial LLC holds 0.22% of the shares totaling 97552.0 with a market value of $0.16 million.
Nxt-ID Inc. (NXTD) Insider Activity
A total of 0 insider transactions have happened at Nxt-ID Inc. (NXTD) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Nxt-ID Inc. (NXTD): Who are the competitors?
The company’s main competitors (and peers) include Pitney Bowes Inc. (PBI) that is trading 341.80% up over the past 12 months and Mitek Systems Inc. (MITK) that is 91.90% higher over the same period. Paylocity Holding Corporation (PCTY) is 124.20% up on the 1-year trading charts. Short interest in the company’s stock has fallen -8.5% from the last report on Mar 14, 2021 to stand at a total of 1.66 million short shares sold with a short interest ratio of 0.09.