T Stamp (NASDAQ:IDAI) Trading Down 4% – Time to Sell?

T Stamp Inc. (NASDAQ:IDAI) was down 4% during mid-day trading on Friday . The company traded as low as $2.38 and last traded at $2.39. Approximately 44,768 shares were traded during trading, an increase of 14% from the average daily volume of 39,255 shares. The stock had previously closed at $2.49.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of T Stamp from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, T Stamp has an average rating of “Buy” and a consensus price target of $12.00.

T Stamp Trading Down 4.0%

The company has a quick ratio of 7.85, a current ratio of 7.85 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $2.52 and its 200-day moving average price is $3.37. The stock has a market capitalization of $12.62 million, a P/E ratio of -0.89 and a beta of 0.75.

T Stamp (NASDAQ:IDAI) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.10). T Stamp had a negative net margin of 265.04% and a negative return on equity of 151.62%. The business had revenue of $0.91 million for the quarter, compared to the consensus estimate of $0.90 million.

Institutional Investors Weigh In On T Stamp

Institutional investors have recently bought and sold shares of the company. MidFirst Bank acquired a new stake in T Stamp in the fourth quarter valued at approximately $30,000. Dimensional Fund Advisors LP acquired a new stake in T Stamp in the first quarter valued at approximately $44,000. Geode Capital Management LLC boosted its stake in T Stamp by 67.7% in the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock valued at $127,000 after acquiring an additional 13,125 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in T Stamp in the fourth quarter valued at approximately $204,000. Finally, Jane Street Group LLC acquired a new stake in T Stamp in the fourth quarter valued at approximately $220,000. 16.34% of the stock is currently owned by institutional investors and hedge funds.

About T Stamp

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.