Somewhat Favorable Press Coverage Somewhat Unlikely to Affect NXT-ID (NXTD) Share Price
Media coverage about NXT-ID (NASDAQ:NXTD) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. NXT-ID earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.816532941582 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Zacks: NXT-ID Inc (NXTD) Given Consensus Rating of “Strong Buy” by Brokerages (americanbankingnews.com)
- Mid-Morning Market Update: Markets Open Lower; Twitter Tops Q4 Expectations (nasdaq.com)
- Contactless payment instrument to be funded with value exchanged from cryptocurrency (investorideas.com)
- NXT-ID Subsidiary Fit Pay Announces FlipTM – a Contactless Payment Device for Cryptocurrencies (finance.yahoo.com)
- What’s Better? – Buy or Sell – Nxt-ID, Inc. (NASDAQ: NXTD) – The Investor Guide (wallstreetnews24.com)
NXTD has been the topic of several analyst reports. Maxim Group reiterated a “buy” rating on shares of NXT-ID in a report on Tuesday, November 21st. ValuEngine upgraded shares of NXT-ID from a “sell” rating to a “hold” rating in a report on Friday, December 1st.
NXT-ID (NASDAQ:NXTD) last posted its earnings results on Tuesday, November 14th. The technology company reported ($0.28) earnings per share for the quarter. NXT-ID had a negative return on equity of 335.10% and a negative net margin of 35.61%.
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NXT-ID Company Profile
Nxt-ID, Inc is a technology company. The Company 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. It 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.
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