T Stamp Inc (NASDAQ: IDAI) Is Down -69.15% So Far This Year: What Will Happen Next?

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The trading price of T Stamp Inc (NASDAQ:IDAI) floating higher at last check on Wednesday, August 07, closing at $0.42, 16.51% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $3.50 and a 52-week low of $0.30. Over the past month, the stock has lost -1.77% in value.

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T Stamp Inc, whose market valuation is $4.81 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.23 per share this quarter, however they have predicted annual earnings per share of -0.72 for current year and -0.43 for next year.

Analysts have forecast the company to bring in revenue of 580k for the current quarter, with the likely lows of 580k and highs of 580k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.49M.

On the technical side, indicators suggest IDAI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that IDAI’s price is currently 3.57% off the SMA20 and -10.88% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.20, and weekly volatility stands at 22.14%. When measured over the past 30 days, the indicator reaches 17.97%. T Stamp Inc (NASDAQ:IDAI)’s beta value is currently sitting at -0.64, while the Average True Range indicator is currently displaying 0.08.

To see how T Stamp Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: IDAI stock’s performance was 16.51% at last check in today’s session, and -76.65% in the past year.

An evaluation of the daily trading volume of T Stamp Inc (NASDAQ:IDAI) indicates that the 3-month average is 456.94K.

Currently, records show that 11.38 million of the company’s shares remain outstanding. The insiders hold 15.15% of outstanding shares, whereas institutions hold 1.71%. However, since the stock’s price has seen -69.15% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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