T Stamp Inc (NASDAQ: IDAI): Stock Forecast For 2024 Remains Weak With A Downward Revision Of 35.3%

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In the last trading session, 1.35 million shares of the T Stamp Inc (NASDAQ:IDAI) were traded, and its beta was -0.76. Most recently the company’s share price was $0.19, and it changed around $0.0 or 1.00% from the last close, which brings the market valuation of the company to $3.57M. IDAI currently trades at a discount to its 52-week high of $2.50, offering almost -1215.79% off that amount. The share price’s 52-week low was $0.16, which indicates that the current value has risen by an impressive 15.79% since then. We note from T Stamp Inc’s average daily trading volume that its 10-day average is 4.88 million shares, with the 3-month average coming to 1.00 million.

T Stamp Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended IDAI as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. T Stamp Inc is expected to report earnings per share of -0.12 for the current quarter.

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T Stamp Inc (NASDAQ:IDAI) trade information

Instantly IDAI has showed a green trend with a performance of 1.00% 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 0.2000 on recent trading dayincreased the stock’s daily price by 5.0%. The company’s shares are currently down -86.06% year-to-date, but still up 4.20% over the last five days. On the other hand, T Stamp Inc (NASDAQ:IDAI) is -8.52% down in the 30-day period. We can see from the shorts that 32364.0 shares have been sold at a short interest cover period of 0.11 day(s).

T Stamp Inc (IDAI) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 59.32% in revenue this quarter, and will report an increase of 70.26% in the next quarter. The year-over-year growth rate is expected to be -54.06%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 510k in revenue for the current quarter. 1 analysts expect T Stamp Inc to make 594k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 575.03k and 573.68k respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -11.31%. Forecasts for the next quarter put sales growth at 3.54%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -51.27%.

IDAI Dividends

T Stamp Inc’s next quarterly earnings report is expected to be released in December.

T Stamp Inc (NASDAQ:IDAI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 33.45% of T Stamp Inc shares, and 8.48% of them are in the hands of institutional investors. The stock currently has a share float of 12.74%.