The Nxt-ID Inc. (NXTD) shares are trading at higher $0.44 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $0.89 and the low is $0.21. Over the last 52 weeks, NXTD is down -50.33% while the S&P 500 is up 0.57%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, NXTD reported a profit of $2.8 million. Nxt-ID Inc. also saw revenues increase to $3.74 million. In addition, NXTD has free cash flow of $0.52 million as of 03-2020. The company’s EBITDA came in at $1.42 million which compares well with its peers.
NXTD booked profit margins of -61.10%, its Return on Equity (ROE) is -120.40%, and its Return on Assets is -36.20%. All told, it is clear that, NXTD needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NXTD has a short ratio of 0.19 and outstanding shares of 30.15M.
NXTD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.35 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.06. Nxt-ID Inc. NXTD also noted assets of $24.41 million at the end of the last quarter. Investors should also keep an eye on sector updates as NXTD has historically followed its peers on positive news.
All told, Nxt-ID Inc. NXTD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NXTD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Nxt-ID Inc. NXTD is now commanding a market cap of 16.18M and a float of 27.99M. NXTD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NXTD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in NXTD, either long or short, and we have not been compensated for this article.