In the last trading session, 13,376,690 shares of the Nxt-ID, Inc.(NASDAQ:NXTD) were traded, and its beta was 2.29. Most recently the company’s share price was $2.28, and it changed around -$0.38 or -0.14% from the last close, which brings the market valuation of the company to $106.09 Million. NXTD currently trades at a discount to its 52-week high of $3.44, offering almost -50.88% off that amount. The share price’s 52-week low was $0.213, which indicates that the current value has risen by an impressive 90.66% since then. We note from Nxt-ID, Inc.’s average daily trading volume that its 10-day average is 52.33 Million shares, with the 3-month average coming to 33.45 Million.
Nxt-ID, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended NXTD as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Nxt-ID, Inc. is expected to report earnings per share of $0 for the current quarter.
Nxt-ID, Inc. (NASDAQ:NXTD): Trading Information
Although NXTD has showed a red trend with a performance of -14.29% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $3.44- on Wednesday, Feb 17 increased the stock’s daily price by 33.72%. The company’s shares are currently up 0.43% year-to-date, but still up 0.2 over the last five days. On the other hand, Nxt-ID, Inc. (NASDAQ:NXTD) is 0.8% up in the 30-day period. We can see from the shorts that 2.73 Million shares have been sold at a short interest cover period of 0.08 day(s).
The consensus price target as assigned by Wall Street analysts is $0.35, which translates to bears needing to reduce their stock price by -84.65% from its current value. Analyst projections state that NXTD is forecast to be at a low of $0.35 and a high of $0.35. In order for the stock price to hit the forecast high, the stock would need to surge -84.65% from its current level, while the stock would need to crash -84.65% from its current level to reach the projected low.
Nxt-ID, Inc. (NXTD ) projections and forecasts
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $4.86 Million in revenue for the current quarter. 1 analysts expect Nxt-ID, Inc. to make $4.96 Million in revenue for the quarter ending in Apr 2021. The company’s sales for the same quarters a year ago were $4.18 Million and $4.49 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.2%. Forecasts for the next quarter put sales growth at 10.5%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 51%. Nxt-ID, Inc. earnings are expected to decrease by -50.8% in 2021, but the outlook is negative 0% per year for the next five years.
Nxt-ID, Inc. (NASDAQ:NXTD)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 15.87% of Nxt-ID, Inc. shares, and 12.89% of them are in the hands of institutional investors. The stock currently has a share float of 15.33%. Nxt-ID, Inc. stock is held by 25 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 0.6% of the shares, which is about 270.25 Thousand shares worth $92.75 Thousand.
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Geode Capital Management, LLC, with 0.34% or 155.2 Thousand shares worth $53.26 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.