Nxt-ID Inc. (NASDAQ:NXTD) price is hovering lower on Monday, September 13, dropping -4.76% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $0.51, with intraday deals fluctuating between $0.51 and $0.5648. The company’s 5Y monthly beta was ticking 1.75. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.44 and 52-week low of $0.29. The stock subtracted -34.13% on its value in the past month.
Nxt-ID Inc., which has a market valuation of $27.78 million, is expected to release its quarterly earnings report Nov 15, 2021 – Nov 19, 2021. Analysts tracking NXTD have forecast the quarterly EPS to shrink by 0 per share this quarter, while the same analysts predict the annual EPS to hit $0 for the year 2021 and up to $0 for 2021.
On average, analysts have forecast the company’s revenue for the quarter will hit $4.86 million, with the likely lows of $4.86 million and highs of $4.86 million. The average estimate suggests sales growth for the quarter will likely rise by 16.20% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $20.06 million for the company’s annual revenue in 2020. Per this projection, the revenue is forecast to grow 17.10% above that which the company brought in 2020.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NXTD a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned NXTD a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Nxt-ID Inc. (NXTD) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that NXTD’s price is at present -25.97% off the SMA20 and -34.50% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 26.81, with weekly volatility standing at 10.30%. The indicator jumps to 8.57% when calculated based on the past 30 days. Nxt-ID Inc. (NASDAQ:NXTD)’s beta value is holding at 1.74, while the average true range (ATR) indicator is currently reading 0.06. Considering analysts have assigned the stock a price target range of $0.35-$0.35 as the low and high respectively, we find the trailing 12-month average consensus price target to be $0.35. Based on this estimate, we see that today’s price at last check is roughly 28.57% off the estimated low and 28.57% off the forecast high. Investors will no doubt be excited to see the share price rise to $0.35, which is the median consensus price, and at that level NXTD would be 28.57% from recent price.
Turning out attention to how the Nxt-ID Inc. stock has performed in comparison to its peers in the industry, here’s what we find: NXTD’s stock is -4.76% on the day and 58.51% in the past 12 months, while Pitney Bowes Inc. (PBI) traded -1.06% in the latest session and is positioned 37.86% up on its price 12 months ago. Another comparison is with Mitek Systems Inc. (MITK) whose stock price is down -2.89% in the current trading session, and has flourished 80.63% over the past year. Also, Paylocity Holding Corporation (PCTY) is currently showing up trend of 1.32% while its price kept floating at 87.22% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.23% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.51%.
An analysis of the Nxt-ID Inc. (NASDAQ:NXTD) stock in terms of its daily trading volume indicates that the 3-month average is 4.86 million.
Current records show that the company has 53.31M in outstanding shares. The insiders’ percentage holdings are 5.00% of outstanding shares while the percentage share held by institutions stands at 6.90%. But the -67.81% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.