Investment analysts at Maxim Group assumed coverage on shares of NXT-ID Inc (NASDAQ:NXTD) in a report issued on Thursday. The firm set a “buy” rating and a $4.25 price target on the technology company’s stock. Maxim Group’s price objective points to a potential upside of 168.99% from the company’s previous close.

NXT-ID (NASDAQ:NXTD) opened at 1.58 on Thursday. NXT-ID has a 12-month low of $1.44 and a 12-month high of $6.49. The firm’s market cap is $11.66 million. The company has a 50-day moving average of $1.83 and a 200 day moving average of $2.62.

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NXT-ID Company Profile

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Nxt-ID, Inc is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting.

5 Day Chart for NASDAQ:NXTD

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