Taking a Fresh Look at Nxt-ID, Inc. (NXTD)

Nxt-ID, Inc. (NXTD) is an interesting player in the Services space, with a focus on Security & Protection Services. The stock has been active on the tape, currently trading at $2.85, down from yesterday’s close by -7.47%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Nxt-ID, Inc. (NXTD) currently trades with a market capitalization of $67.66 Million. That value represents a market adjusting for revenues that have been growing by 46.45 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$331.68 Thousand over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.17 on a per share basis this quarter. Perhaps, that suggests something about why 9.49% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Nxt-ID, Inc. recorded a 52-week high of $8.59. It is now trading 5.74% off that level. The stock is trading $2.11 its 50-day moving average by -0.74%. The stock carved out a 52-week low down at $1.01.

In recent action, Nxt-ID, Inc. (NXTD) has made a move of +141.53% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 22.03, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 11.19% with $12.84 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NXTD.

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