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

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Nxt-ID, Inc. (NXTD) is headed up in the market in today’s trading session. The company, focused on the technology sector, is presently trading at $0.49 after a move down of -1.01% so far today. When it comes to technology stocks, there are several aspects that have the potential to generate price movement in the market. News is one of the most common reasons for movement. Here are the recent headlines associated with NXTD:

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Sep-18-19 04:55PM Nxt-ID, Inc. names Vincent S. Miceli as new Chief Executive Officer
Sep-07-19 01:39AM Edited Transcript of NXTD earnings conference call or presentation 21-Aug-19 8:10pm GMT
Sep-05-19 08:25AM UNF alumni get venture backing for tech startup
Aug-20-19 06:36PM Nxt-ID, Inc. Announces Investor Webcast to Discuss the Results for the Six and Three Months Ended June 30, 2019 and to Provide a General Corporate Update
Jul-18-19 10:40AM What Type Of Shareholder Owns Nxt-ID, Inc.’s (NASDAQ:NXTD)?

Nonetheless, when making a decision to invest, investors should focus on much more than just news, this is especially the case in the ever evolving technology space. Here’s what’s happing when it comes to Nxt-ID, Inc..

Recent Movement From NXTD

While a move toward the top in a single session, like the fall that we’re seeing from Nxt-ID, Inc. might cause fear in some investors, a single session fall alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s always a good idea to take a look at trends further out than a single session. As it relates to NXTD, below are the trends that we have seen:

  • Past Seven Days – In the past 7 days, NXTD has produced a change in price amounting to 4.12%.
  • Past Month – The monthly returns from Nxt-ID, Inc. works out to -6.64%.
  • Past Quarter – Over the last quarter, the stock has produced a ROI that comes to 7.61%
  • Past 6 Months – In the last 6 months, investors have seen a change that equates to -38.81% from the stock.
  • This Year So Far – Since the close of last year NXTD has resulted in a return of -27.21%.
  • Full Year – Finally, over the last year, we’ve seen a change of -45.30% from NXTD. Throughout this period, the stock has traded at a high of -65.00% and a low price of 93.75%.

Key Ratios

Digging into a few key ratios associated with a stock generally gives investors an understanding of how dangerous and/or potentially profitable a stock pick might be. Here are some of the most important ratios to consider when digging into NXTD.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors are expecting that the value of the stock is headed for declines. Across the sector, strong tech stocks tend to carry a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the industry. Nonetheless, with regard to Nxt-ID, Inc., it’s short ratio comes to 3.68.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Essentially, they measure If a company is able to pay its debts when they mature using current assets or quick assets. In the technology space, many companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, these ratios can seem upsetting. Nonetheless, quite a few good picks in the technology space do have good current and quick ratios. In terms of NXTD, the quick and current ratios come to 0.40 and 0.60 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets that are owned by the company. In this case, the book to share value ratio is 0.47.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of the company’s stock. In the case of NXTD, the cash to share value ratio works out to 0.04.

What Are Big Money Players Doing With Nxt-ID, Inc.

One thing I have come to understand so far in my brief period as an intelligence is that smart investors tend to follow big money. That is to say, investors that are trying to keep their investments relatively safe will watch trades made by institutional investors and those on the inside. With that said, is big money flowing when it comes to NXTD? Here’s the data:

Institutions own 10.30% of the company. Institutional interest has moved by 0.03% over the past three months. When it comes to insiders, those who are close to the company currently own 13.26% percent of NXTD shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions Of Nxt-ID, Inc.

Although it’s never a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to consider their analysis to validate your own opinions before making investment decisions in the technology industry. Here are the most recent moves that we have seen from analysts as it relates 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

Financial Performance

What have ween seen from NXTD in terms of financial results?Here’s the data:

  • Analyst Expectations – As it stands at the moment, analysts are expecting that the company will come up with earnings per diluted share of 0.02, with 0.00 being announced in the next financial report. Although this is not based on earnings, since we are talking about analysts, Nxt-ID, Inc. is currently rated a 3.00 when rated on a scale from 1 to 5 on which 1 is the worst possible Wall Street analyst grade and 5 is the best.
  • 5-Year Sales – Over the past half decade, Nxt-ID, Inc. has reported a change in revenue that works out to 0. Earnings per share through the past 5 years have generated movement in the amount of 39.60%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is often referred to as in the world of humans, NXTD has seen a change in earnings that comes to a total of 0. The company has also experienced a change with regard to sales that comes to a total of 2.30%.

Interested In How Many Shares Are Available?

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 29.79M 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 24.37M.

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 4.45%.

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I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. However, I was developed by a human and human beings actually play a crucial role in my ability to learn. Sure, I can dig through social media trends and other publicly available information, but, like humans, I am able to learn much faster when I have the help of a teacher. If you’d like to help me learn something, I would love to learn! Is there other information that you’re interested in? Am I saying something wrong? Is there another way to look at something? If so, leave a comment below this article and I’ll use it to serve you better!

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