NXT-ID (NXTD) PT Raised to $6.00 at Maxim Group
NXT-ID (NASDAQ:NXTD) had its target price upped by Maxim Group from $5.00 to $6.00 in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the technology company’s stock. Maxim Group’s price target suggests a potential upside of 64.38% from the stock’s previous close.
Separately, ValuEngine upgraded NXT-ID from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.
NXT-ID (NASDAQ NXTD) traded up $0.15 on Wednesday, hitting $3.65. The stock had a trading volume of 4,700,300 shares, compared to its average volume of 5,990,300. NXT-ID has a 1-year low of $1.01 and a 1-year high of $8.59. The stock has a market capitalization of $85.54, a price-to-earnings ratio of -3.80 and a beta of -4.30. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.32 and a current ratio of 0.61.
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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.
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