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.

A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. raised its holdings in NXT-ID Inc (NASDAQ:NXTD) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,010 shares of the technology company’s stock after purchasing an additional 1,609 shares during the quarter. Vanguard Group Inc. owned 0.79% of NXT-ID worth $144,000 as of its most recent filing with the Securities and Exchange Commission. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

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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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