In the latest trading session, 7,507,086 Nxt-ID, Inc.(NASDAQ:NXTD) shares changed hands as the company’s beta touched 0.38. With the company’s most recent per share price at $1.51 changed hands at -$0.09 or -0.06% at last look, the market valuation stands at $49.71 Million. NXTD’s current price is a discount, trading about -40.4% off its 52-week high of $2.12. The share price had its 52-week low at $0.213, which suggests the recent value is85.89% up since then. When we look at Nxt-ID, Inc.’s average trading volume, we note the 10-day average is 35.99 Million shares, with the 3-month average coming to 21.94 Million.

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Analysts gave the Nxt-ID, Inc. (NXTD) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended NXTD as a Hold, none felt it is a Buy and none rated the stock as Underweight. Nxt-ID, Inc.’s EPS for the current quarter is expected to be $0.

Although NXTD has turned red as seen in intraday trades today. With action -5.84%, the performance over the past five days has been green. The jump to weekly highs of $1.92 on Wednesday, Dec 30 added 19.53% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.03%, with the 5-day performance at 0.25% in the green. However, in the 30-day time frame, Nxt-ID, Inc. (NASDAQ:NXTD) is 2.84% up. Looking at the short shares, we see there were 2.62 Million shares sold at short interest cover period of 0.12 days.

The consensus price target for the stock as assigned by Wall Street analysts is $0.35, meaning bulls need a downside of -76.82% from its recent market value. According to analyst projections, NXTD’s forecast low is $0.35 with $0.35 as the target high. To hit the forecast high, the stock’s price needs a +-76.82% upsurge from its latest level, while the stock would need to tank -76.82% for it to hit the projected low.

Nxt-ID, Inc. (NXTD) estimates and forecasts

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $4.86 Million. 1 analysts are of the opinion that Nxt-ID, Inc.’s revenue for the quarter ending in Feb 2021 will be $4.96 Million. The company’s revenue for the corresponding quarters a year ago was $4.18 Million and $4.49 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.2%. The estimates for the next quarter sales put growth at 10.5%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 51%. The 2021 estimates are for Nxt-ID, Inc. earnings to decrease by -50.8%, but the outlook for the next 5-year period is at 0% per year.

Nxt-ID, Inc. (NASDAQ:NXTD)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 15.87% of Nxt-ID, Inc. shares while 12.89% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 15.33%. There are 25 institutions holding the Nxt-ID, Inc. stock share, with Renaissance Technologies, LLC the top institutional holder. As of Sep 29, 2020, the company held 1.9% of the shares, roughly 663.5 Thousand NXTD shares worth $227.71 Thousand.

Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 0.77% or 270.25 Thousand shares worth $92.75 Thousand as of Sep 29, 2020.

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Among Mutual Funds, the top two as of Sep 29, 2020 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. With 270096 shares estimated at $92.7 Thousand under it, the former controlled 0.77% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.25% of the shares, roughly 86.54 Thousand shares worth around $29.7 Thousand.

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