The trading price of T Stamp Inc (NASDAQ:IDAI) closed lower on Friday, December 06, and closing at $0.57, -3.42% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.56 and $0.662. In examining the 52-week price action we see that the stock hit a 52-week high of $2.50 and a 52-week low of $0.15. Over the past month, the stock has gained 199.84% in value.
T Stamp Inc, whose market valuation is $12.74 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.12 per share this quarter, however they have predicted annual earnings per share of -0.59 for current year and -0.22 for next year.
Analysts have forecast the company to bring in revenue of 510k for the current quarter, with the likely lows of 510k and highs of 510k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 2.1M.
On the technical side, indicators suggest IDAI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that IDAI’s price is currently 65.45% off the SMA20 and 114.49% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.53, and weekly volatility stands at 52.89%. When measured over the past 30 days, the indicator reaches 28.16%. T Stamp Inc (NASDAQ:IDAI)’s beta value is currently sitting at 0.30, while the Average True Range indicator is currently displaying 0.13.
To see how T Stamp Inc stock has been performing in comparison to its peers in the industry, here are the numbers: IDAI stock’s performance was -3.42% in the latest trading, and -60.96% in the past year.
An evaluation of the daily trading volume of T Stamp Inc (NASDAQ:IDAI) indicates that the 3-month average is 16.94 million. However, this figure has increased over the past 10 days to an average of 102.46.
Currently, records show that 18.82 million of the company’s shares remain outstanding. The insiders hold 39.22% of outstanding shares, whereas institutions hold 5.17%. The stats also highlight that short interest as of 2024-10-31, stood at 32364.0 shares, resulting in a short ratio of 0.11 at that time. From this, we can conclude that short interest is 22.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 10502.0. However, since the stock’s price has seen -58.39% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
