NXT-ID Inc (NXTD) Receives Consensus Rating of “Strong Buy” from Analysts

NXT-ID Inc (NASDAQ:NXTD) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $6.00 for the company, according to Zacks. Zacks has also assigned NXT-ID an industry rank of 179 out of 265 based on the ratings given to its competitors.

Several analysts have recently issued reports on the company. Maxim Group upped their price target on NXT-ID from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded NXT-ID from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXTD. Vanguard Group Inc. boosted its stake in shares of NXT-ID by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 76,010 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,609 shares in the last quarter. Virtu KCG Holdings LLC boosted its stake in NXT-ID by 1,806.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 256,052 shares of the technology company’s stock valued at $479,000 after purchasing an additional 242,621 shares during the period. Finally, Bank of Montreal Can bought a new stake in NXT-ID during the 4th quarter valued at approximately $100,000. Institutional investors own 2.88% of the company’s stock.

NXT-ID (NASDAQ:NXTD) traded up $0.55 on Thursday, hitting $2.55. The stock had a trading volume of 11,265,197 shares, compared to its average volume of 2,739,470. The company has a market cap of $54.27, a P/E ratio of -2.66 and a beta of -4.52. NXT-ID has a 52 week low of $1.01 and a 52 week high of $8.59. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.61.

NXT-ID (NASDAQ:NXTD) last released its quarterly earnings results on Tuesday, November 14th. The technology company reported ($0.28) earnings per share (EPS) for the quarter. NXT-ID had a negative return on equity of 335.10% and a negative net margin of 35.61%.

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NXT-ID Company Profile

Nxt-ID, Inc is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting.

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