T Stamp (NASDAQ:IDAI) Stock Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Shares of T Stamp Inc. (NASDAQ:IDAI) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $2.60 and traded as high as $2.79. T Stamp shares last traded at $2.63, with a volume of 104,303 shares changing hands.

T Stamp Trading Up 16.9%

The business has a 50 day moving average of $2.91 and a two-hundred day moving average of $2.60. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.28. The firm has a market cap of $14.94 million, a P/E ratio of -1.31 and a beta of 0.72.

T Stamp (NASDAQ:IDAI) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.14). The business had revenue of $0.90 million during the quarter, compared to analyst estimates of $0.90 million. T Stamp had a negative net margin of 272.78% and a negative return on equity of 137.70%. Analysts predict that T Stamp Inc. will post -1.39 earnings per share for the current year.

Insider Activity

In related news, CEO Gareth Genner purchased 9,394 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $3.04 per share, for a total transaction of $28,557.76. Following the completion of the transaction, the chief executive officer owned 150,075 shares of the company’s stock, valued at approximately $456,228. This trade represents a 6.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders acquired 20,927 shares of company stock worth $60,325. Corporate insiders own 4.47% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in T Stamp stock. Dimensional Fund Advisors LP acquired a new position in shares of T Stamp Inc. (NASDAQ:IDAI) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,300 shares of the company’s stock, valued at approximately $44,000. Dimensional Fund Advisors LP owned approximately 0.35% of T Stamp as of its most recent SEC filing. 16.34% of the stock is owned by institutional investors.

About T Stamp

T Stamp Inc., doing business as Trust Stamp, is an artificial intelligence and identity services company that develops privacy-focused technologies for identity verification, authentication and fraud prevention. Its platform is designed to help organizations establish trust in digital interactions while limiting the exposure of sensitive personal information. The company provides biometric identity solutions, including facial recognition, identity matching, document verification and liveness detection.