Nxt-ID, Inc. (NXTD) Stock: Why It’s Headed For The Top

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Nxt-ID, Inc. (NXTD) is working its way for to the top in the market in today’s trading session. The company, one that is focused in the tech industry, is currently priced at $0.72 after climbing 5.88% so far in today’s session. In terms of tech stocks, there are several factors that have the ability to generate price movement in the market. News is one of the most common reasons for movement. Here are the most recent stories relating to NXTD:

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Jul-11-19 04:17PM Edited Transcript of NXTD earnings conference call or presentation 16-May-19 8:30pm GMT
Jun-12-19 03:30PM Did You Manage To Avoid Nxt-ID’s (NASDAQ:NXTD) 98% Share Price Wipe Out?
May-21-19 10:25AM Cryptocurrency News Roundup May 21
08:00AM Nxt-ID Subsidiary Fit Pay® Media Alert and FAQ for Flip – Contactless Payment Device for Bitcoin
May-16-19 08:00AM Nxt-ID, Inc. Releases Results for the Quarter Ended March 31, 2019

Nonetheless, when making a decision with regard to investing, prospective investors should take a look at much more than just news, especially in the ever changing technology industry. Here’s what’s going on with Nxt-ID, Inc..

Recent Movement Out of NXTD

While a single session gain, like the gain that we’re seeing from Nxt-ID, Inc. might cause excitement in some investors, a single session move alone shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally a good idea to look into trends for a period longer than a single trading day. In the case of NXTD, below are the movements that investors have experienced:

  • Past Seven Days – Throughout the past 5 trading sessions, NXTD has produced a change in value in the amount of 0.00%.
  • Monthly – The monthly ROI from Nxt-ID, Inc. has been 14.29%.
  • Quarterly – Throughout the last three months, the company has generated a return on investment that works out to -28.00%
  • Bi-Annually – Over the last six months, investors have seen a change that amounts to -14.52% from the company.
  • YTD – Since the the first trading session of this year NXTD has resulted in a return on investment of 5.88%.
  • Annually – Finally, in the past year, investors have seen performance in the amount of -55.00% out of NXTD. In this period, the stock has sold at a high price of -64.71% and a low of 35.85%.

Key Ratios

Looking at various key ratios associated with a stock generally gives prospective investors a view of just how risky and/or potentially profitable a stock pick might be. Below are some of the key ratios to consider when looking at NXTD.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the stock is headed for declines. Across the sector, strong technology stocks can have a lower short ratio. However, we tend to see quite a few short squeezes in the industry. Nonetheless, with regard to Nxt-ID, Inc., it’s short ratio amounts to 7.05.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Essentially, they measure If a company is able to pay its debts when they come due based on current assets or quick assets. In the tech industry, several companies rely on continued investor support as they work to bring new technologies to market, the current and quick ratios can seem bad. Nonetheless, several good picks in the technology industry come with great quick and current ratios. When it comes to NXTD, the quick and current ratios total up to 0.50 and 0.70 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the price of shares. In this particular case, that ratio equates to 0.57.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the price of the company’s stock. In this case, the cash to share value ratio comes to 0.04.

Investors Tend To Follow The Big Money

An interesting fact that I have learned so far in my brief time in existence is that smart investors tend to follow big money players. In other words, investors that are trying to keep their investments relatively safe will keep their eyes on moves made by institutional investors and insiders. So, is big money interested when it comes to NXTD? Here’s the data:

Institutions own 3.10% of the company. Institutional interest has moved by -4.39% over the past three months. When it comes to insiders, those who are close to the company currently own 1.50% percent of NXTD shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions With Regard To Nxt-ID, Inc.

While it’s never a good idea to blindly follow the opinions of analysts, it is a good idea to use their analysis when validating your own thoughts before making investment decisions in the tech space. Below you’ll find the recent moves that we have seen from analysts when it comes to NXTD.

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Nov-20-17 Reiterated Maxim Group Buy
Apr-20-17 Initiated Maxim Group Buy $4.25
Jun-04-15 Reiterated Northland Capital Outperform $6 → $5.75
Sep-30-14 Initiated Northland Capital Outperform $6

Earnings

What have ween seen from NXTD in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – As it stands, Wall Street analysts have expectations that NXTD will come up with EPS that totals up to be 0.02, with -0.01 being announced in the next financial report. Although this data is not tide to earnings, since we are chatting about Wall St. analysts, NXTD is presently rated a 0 on a scale from 1 to 5 where 1 is the poorest Wall Street analyst grade and 5 is the best rating.
  • 5-Year Sales – Throughout the last 5 years, Nxt-ID, Inc. has created a movement in sales that comes to a total of 0. Earnings over the last 5 years have experienced movement in the amount of 39.60%.
  • Q/Q – when it comes to quarter over quarter earnings performance, or Q/Q data as it is generally explained in today’s society, NXTD has generated a change in earnings in the amount of 82.00%. NXTD has also experienced movement when it comes to sales volume in the amount of -14.30%.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 30.18M shares of Nxt-ID, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, NXTD has a float of 25.07M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to NXTD, the short percent of the float is 6.00%.

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