T Stamp (NASDAQ:IDAI) Shares Down 5.9% – Time to Sell?

T Stamp Inc. (NASDAQ:IDAI)’s stock price traded down 5.9% on Monday . The company traded as low as $3.64 and last traded at $3.66. 111,510 shares traded hands during trading, a decline of 25% from the average session volume of 148,886 shares. The stock had previously closed at $3.89.

Analyst Ratings Changes

A number of research firms recently weighed in on IDAI. Maxim Group raised their price target on shares of T Stamp from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Wall Street Zen cut T Stamp from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, T Stamp currently has an average rating of “Buy” and a consensus price target of $12.00.

T Stamp Price Performance

The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $4.03 and a 200-day moving average of $3.23. The stock has a market capitalization of $19.18 million, a P/E ratio of -1.59 and a beta of 0.70.

T Stamp (NASDAQ:IDAI) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.16). T Stamp had a negative net margin of 316.25% and a negative return on equity of 290.04%. The business had revenue of $0.87 million during the quarter, compared to the consensus estimate of $0.90 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in T Stamp stock. Armistice Capital LLC bought a new stake in T Stamp Inc. (NASDAQ:IDAI) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 130,000 shares of the company’s stock, valued at approximately $252,000. Armistice Capital LLC owned approximately 5.23% of T Stamp at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.34% of the company’s stock.

T Stamp Company Profile

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.