Today’s Stock On Watch: What’s in NXT-ID Inc After Today’s Big Decline?

Today's Stock On Watch: What's in NXT ID Inc After Today's Big Decline?

The stock of NXT-ID Inc (NASDAQ:NXTD) is a huge mover today! About 77,159 shares traded hands. NXT-ID Inc (NASDAQ:NXTD) has declined 26.17% since April 27, 2016 and is downtrending. It has underperformed by 31.40% the S&P500.
The move comes after 9 months negative chart setup for the $22.30M company. It was reported on Nov, 30 by Barchart.com. We have $2.98 PT which if reached, will make NASDAQ:NXTD worth $1.56 million less.

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 notable recent NXT-ID Inc (NASDAQ:NXTD) news were published by: Prnewswire.com which released: “NXT-ID, Inc. and WorldVentures Showcase flye Smart Card at Money20/20 …” on November 02, 2016, also Investorideas.com with their article: “#Tech News: NXT-ID, Inc. (NASDAQ: $NXTD) to Present at Upcoming 9th Annual LD …” published on November 29, 2016, Prnewswire.com published: “NXT-ID, Inc. Announces Effective Date of Reverse Split” on September 09, 2016. More interesting news about NXT-ID Inc (NASDAQ:NXTD) were released by: Finance.Yahoo.com and their article: “SoundView Update on NXT-ID, Inc.; THE SECURITY TECHNOLOGY INSIDE” published on November 10, 2016 as well as Prnewswire.com‘s news article titled: “NXT-ID, Inc. Announces Investor Webcast to Discuss Third Quarter Results” with publication date: November 15, 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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