Stock of the Day: Does NXT-ID Inc Have Any Gas After Today’s Significant Increase?

Stock of the Day: Does NXT ID Inc Have Any Gas After Today's Significant Increase?

The stock of NXT-ID Inc (NASDAQ:NXTD) is a huge mover today! About 118,788 shares traded hands or 93.65% up from the average. NXT-ID Inc (NASDAQ:NXTD) has declined 49.71% since March 7, 2016 and is downtrending. It has underperformed by 57.30% the S&P500.
The move comes after 7 months positive chart setup for the $18.03 million company. It was reported on Oct, 10 by Barchart.com. We have $3.79 PT which if reached, will make NASDAQ:NXTD worth $7.39 million more.

According to Zacks Investment Research, “Nxt-ID, Inc. is a biometric authentication company. The company develops Wocket; MobileBio VoiceMatch; and FaceMatch. It also offers 3D FaceMatch Biometric Identity System, 2D facial recognition, and optional fingerprint biometrics; and 3D SketchArtist. It provides its solutions for securing mobile platforms, as well as for access control and law enforcement facial recognition markets. NXT-ID Inc. is based in United States.”

More important recent NXT-ID Inc (NASDAQ:NXTD) news were published by: Prnewswire.com which released: “NXT-ID, Inc. Releases Preliminary Results for the Quarter Ended September 30, 2016” on October 10, 2016, also Prnewswire.com published article titled: “NXT-ID, Inc. Announces Effective Date of Reverse Split”, Prnewswire.com published: “SoundView Research Issues Note on NXT-ID, Inc; Acquisition Into Position” on August 22, 2016. More interesting news about NXT-ID Inc (NASDAQ:NXTD) was released by: Prnewswire.com and their article: “NXT-ID, Inc. To Exhibit at Money20/20, Leading Payments & FinTech Conference …” with publication date: September 19, 2016.

NXTD Company Profile

Nxt-ID, Inc., incorporated on February 8, 2012, is a technology company. The Firm is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. The Firm has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting. The Firm intends to use its core biometric facial and voice recognition algorithms to develop security applications (both cloud based and locally hosted) that can be used for companies (for industrial uses, such as enterprise computer networks), as well as individuals (for consumer uses, such as smart phones, tablets or personal computers), law enforcement, the defense industry, and the United States Department of Defense.

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