Maxim Group Initiates Coverage on T Stamp (NASDAQ:IDAI)

Investment analysts at Maxim Group started coverage on shares of T Stamp (NASDAQ:IDAI – Get Rating) in a note issued to investors on Friday, The Fly reports. The firm set a “buy” rating on the stock.

T Stamp Stock Performance

Shares of NASDAQ IDAI opened at $0.70 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $16.98 million and a P/E ratio of -1.52. The firm’s fifty day moving average is $0.84 and its two-hundred day moving average is $1.28. T Stamp has a 52-week low of $0.67 and a 52-week high of $8.05.

T Stamp (NASDAQ:IDAI – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $1.35 million during the quarter. T Stamp had a negative net margin of 144.49% and a negative return on equity of 190.52%.

Institutional Trading of T Stamp

A hedge fund recently raised its stake in T Stamp stock. Vanguard Group Inc. grew its holdings in T Stamp Inc. (NASDAQ:IDAI – Get Rating) by 315.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,835 shares of the company’s stock after buying an additional 54,559 shares during the period. Vanguard Group Inc. owned approximately 0.30% of T Stamp worth $71,000 as of its most recent filing with the Securities & Exchange Commission. 0.28% of the stock is owned by institutional investors and hedge funds.

About T Stamp

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T Stamp Inc develops and markets identity authentication software solutions for government, enterprise partners, and peer-to-peer markets in the United States, the United Kingdom, and Malta. The company's artificial intelligence powered solutions include researching and leveraging biometric science, cryptography, and data mining to deliver insightful identity & trust predictions while identifying and defending against fraudulent identity attacks.