T Stamp (NASDAQ:IDAI) Shares Down 1.7% – What’s Next?

T Stamp Inc. (NASDAQ:IDAI)’s share price fell 1.7% during mid-day trading on Friday . The stock traded as low as $3.35 and last traded at $3.44. 63,754 shares traded hands during trading, a decline of 22% from the average session volume of 81,335 shares. The stock had previously closed at $3.50.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of T Stamp from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $12.00.

T Stamp Price Performance

The firm has a market capitalization of $18.03 million, a price-to-earnings ratio of -1.50 and a beta of 0.70. The company’s 50 day moving average is $3.97 and its 200 day moving average is $3.57. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.18.

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

Institutional Investors Weigh In On T Stamp

An institutional investor recently bought a new position in T Stamp stock. Argentarii LLC acquired a new position in shares of T Stamp Inc. (NASDAQ:IDAI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 75,000 shares of the company’s stock, valued at approximately $246,000. Argentarii LLC owned 2.95% of T Stamp at the end of the most recent reporting period. 16.34% of the stock is owned by hedge funds and other institutional investors.

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.