Shares of NXT-ID Inc (NASDAQ:NXTD) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price objective of $2.00 for the company, according to Zacks. Zacks has also given NXT-ID an industry rank of 39 out of 255 based on the ratings given to its competitors.
Get NXT-ID alerts: Separately, Maxim Group reissued a “buy” rating and set a $2.00 price objective on shares of NXT-ID in a research report on Thursday, March 14th.
An institutional investor recently raised its position in NXT-ID stock. Barclays PLC increased its holdings in shares of NXT-ID Inc (NASDAQ:NXTD) by 577.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 70,612 shares of the technology company’s stock after purchasing an additional 60,190 shares during the period. Barclays PLC owned approximately 0.28% of NXT-ID worth $48,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.57% of the company’s stock.
Shares of NXTD traded down $0.01 during trading hours on Friday, hitting $0.93. 61,350 shares of the company were exchanged, compared to its average volume of 293,728. NXT-ID has a 52 week low of $0.53 and a 52 week high of $2.08. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.93.
NXT-ID Company Profile
Nxt-ID, Inc, a security technology company, engages in the development of products and solutions for security, healthcare, financial technology, and Internet of Things (IoT) markets. It offers non-monitored and monitored personal emergency response systems (PERS), including landline and cell-based options; the Fit Pay Trusted Payment Manager Platform (TPMP) that provides IoT and wearable devices with contactless payment capabilities and full digital wallet functionality; World Ventures Flye SmartCard, a smartcard customized for WorldVentures, the travel company; and Fit Pay General Purpose Reloadable Mastercard, which offers prepaid capabilities on wearable devices connected to the TPMP.
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