authID (NASDAQ:AUID) Shares Climb 16.3% – Here’s Why

authID Inc. (NASDAQ:AUID – Get Free Report)’s stock price was up 16.3% on Friday. The company traded as high as $0.4498 and last traded at $0.4389. 8,612,293 shares were traded during mid-day trading, an increase of 4,063% from the average session volume of 206,899 shares. The stock had previously closed at $0.3775.

authID Price Performance

The firm has a market capitalization of $7.34 million, a P/E ratio of -0.36 and a beta of 1.72. The firm’s fifty day moving average price is $0.50 and its 200-day moving average price is $0.93.

authID (NASDAQ:AUID – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.29) EPS for the quarter. The firm had revenue of $0.49 million for the quarter. authID had a negative return on equity of 297.48% and a negative net margin of 934.06%.

Institutional Trading of authID

A hedge fund recently bought a new position in authID stock. Allied Private Wealth LLC bought a new position in shares of authID Inc. (NASDAQ:AUID – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 318,000 shares of the company’s stock, valued at approximately $375,000. Allied Private Wealth LLC owned 1.97% of authID as of its most recent SEC filing. 8.83% of the stock is currently owned by institutional investors.

authID Company Profile

(Get Free Report)

authID Inc (NASDAQ: AUID) is an identity verification and authentication technology company. It develops biometric solutions designed to help organizations confirm that users are real individuals and securely authenticate their identities, with the aim of reducing fraud and simplifying access to digital services.

The company’s offerings use facial biometrics and identity-document verification to support digital onboarding, account recovery, transaction approval and passwordless login. Its technology is intended for use by businesses and institutions in sectors such as financial services, healthcare, government and other industries that require secure remote identity verification.

authID was formerly known as Ipsidy Inc before adopting the authID name as part of its focus on biometric identity solutions.

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