T Stamp (NASDAQ:IDAI) Trading Down 0.9% – Here’s What Happened

T Stamp Inc. (NASDAQ:IDAI)’s share price fell 0.9% during trading on Wednesday . The company traded as low as $2.01 and last traded at $2.12. 20,881 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 121,976 shares. The stock had previously closed at $2.14.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of T Stamp to a “hold” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.00.

T Stamp Trading Down 0.9%

The stock has a 50-day moving average of $2.09 and a 200 day moving average of $2.72. The stock has a market cap of $11.87 million, a PE ratio of -0.95 and a beta of 0.74. The company has a quick ratio of 5.28, a current ratio of 5.28 and a debt-to-equity ratio of 0.15.

T Stamp (NASDAQ:IDAI) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.13). T Stamp had a negative return on equity of 134.07% and a negative net margin of 250.57%.The business had revenue of $0.76 million for the quarter, compared to analysts’ expectations of $0.90 million. As a group, sell-side analysts anticipate that T Stamp Inc. will post -1.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDAI. Potomac Capital Management Inc. purchased a new stake in T Stamp in the fourth quarter valued at $754,000. Jane Street Group LLC purchased a new position in shares of T Stamp during the 4th quarter valued at about $220,000. Kestra Advisory Services LLC acquired a new position in shares of T Stamp in the 4th quarter valued at about $204,000. Argentarii LLC lifted its holdings in shares of T Stamp by 53.8% in the 4th quarter. Argentarii LLC now owns 115,363 shares of the company’s stock valued at $451,000 after buying an additional 40,363 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of T Stamp in the first quarter worth about $44,000. 16.34% of the stock is currently owned by institutional investors and hedge funds.

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.