NXT-ID Inc. (NASDAQ:NXTD) received a $5.00 price objective from equities research analysts at Maxim Group in a research report issued on Wednesday. The firm presently has a “buy” rating on the technology company’s stock. Maxim Group’s price objective would indicate a potential upside of 252.11% from the stock’s current price.

Shares of NXT-ID (NASDAQ:NXTD) traded up $0.07 during trading on Wednesday, reaching $1.42. The company’s stock had a trading volume of 581,500 shares, compared to its average volume of 286,765. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.29. NXT-ID has a 52-week low of $1.21 and a 52-week high of $4.17.

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A hedge fund recently raised its stake in NXT-ID stock. Virtu KCG Holdings LLC raised its position in NXT-ID Inc. (NASDAQ:NXTD) by 1,806.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256,052 shares of the technology company’s stock after purchasing an additional 242,621 shares during the period. Virtu KCG Holdings LLC owned 2.67% of NXT-ID worth $479,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.10% of the company’s stock.

About NXT-ID

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.

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