T Stamp Inc (NASDAQ:IDAI) price on Thursday, December 26, rose 21.16% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.54.
A look at the stock’s price movement, the close in the last trading session was $0.45, moving within a range at $0.475 and $0.62. The beta value (5-Year monthly) was -0.743. Turning to its 52-week performance, $2.50 and $0.15 were the 52-week high and 52-week low respectively. Overall, IDAI moved 200.00% over the past month.
T Stamp Inc’s market cap currently stands at around $13.63 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 510k for the company’s revenue for the quarter, with a low and high estimate of 510k and 510k respectively. The average forecast suggests down to a -11.31% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.1M, representing a -54.06% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IDAI is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
IDAI’s current price about 10.74% and 69.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.62, while 7-day volatility ratio is 28.32% and 32.88% in the 30-day chart. Further, T Stamp Inc (IDAI) has a beta value of 0.33, and an average true range (ATR) of 0.11.
If we refocus on T Stamp Inc (NASDAQ:IDAI), historical trading data shows that trading volumes averaged 2.08 over the past 10 days and 17.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 18.82 million shares.
The 31.89% of T Stamp Inc’s shares are in the hands of company insiders while institutional holders own 4.74% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 32364.0 on 2024-10-31, giving us a short ratio of 0.11. The data shows that as of 2024-10-31 short interest in T Stamp Inc (IDAI) stood at 22.0 of shares outstanding, with shares short rising to 10502.0 registered in 2024-09-30. Current price change has pushed the stock -60.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IDAI stock continues to rise going into the next quarter.
