authID (NASDAQ:AUID – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.24) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.26 million during the quarter. authID had a negative net margin of 934.06% and a negative return on equity of 297.48%.
authID Stock Down 10.5%
Shares of NASDAQ:AUID traded down $0.02 during mid-day trading on Friday, reaching $0.17. 190,960 shares of the stock were exchanged, compared to its average volume of 2,061,942. The stock’s 50 day simple moving average is $0.34 and its 200-day simple moving average is $0.95. authID has a one year low of $0.15 and a one year high of $2.45. The company has a market cap of $2.84 million, a P/E ratio of -0.14 and a beta of 1.62.
Hedge Funds Weigh In On authID
A hedge fund recently bought a new stake in authID stock. Allied Private Wealth LLC purchased a new position in shares of authID Inc. (NASDAQ:AUID – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 318,000 shares of the company’s stock, valued at approximately $375,000. Allied Private Wealth LLC owned approximately 1.97% of authID as of its most recent SEC filing. 8.83% of the stock is owned by hedge funds and other institutional investors.
About authID
authID Inc. (NASDAQ: AUID) is a provider of biometric identity verification and authentication technology. The company helps organizations establish that an individual is who they claim to be and supports secure, passwordless access to digital services. Its solutions use facial biometrics and related identity technologies for applications including identity proofing, account opening, workforce and customer authentication, fraud prevention, and secure digital transactions. The company’s platform is designed to integrate with existing applications and systems through cloud-based tools and application programming interfaces. authID was formerly known as Ipsidy Inc. before adopting the authID name as part of its focus on biometric authentication and digital identity services.
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