NXT-ID Inc (NASDAQ:NXTD) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus target price of $4.00 for the company, according to Zacks. Zacks has also given NXT-ID an industry rank of 89 out of 255 based on the ratings given to its competitors.

Separately, EuroPacific Canada initiated coverage on NXT-ID in a research note on Thursday, May 31st. They issued a “buy” rating and a $5.00 target price for the company.

Shares of NASDAQ NXTD opened at $1.60 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.47 and a quick ratio of 0.93. NXT-ID has a one year low of $1.01 and a one year high of $8.59.

NXT-ID (NASDAQ:NXTD) last issued its earnings results on Wednesday, August 15th. The technology company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. NXT-ID had a negative return on equity of 57.49% and a negative net margin of 46.89%.

Several hedge funds and other institutional investors have recently modified their holdings of NXTD. BlackRock Inc. raised its stake in shares of NXT-ID by 1,571.9% in the second quarter. BlackRock Inc. now owns 58,934 shares of the technology company’s stock valued at $102,000 after purchasing an additional 55,409 shares in the last quarter. Millennium Management LLC acquired a new position in shares of NXT-ID in the fourth quarter valued at $145,000. Finally, Barclays PLC acquired a new position in shares of NXT-ID in the first quarter valued at $294,000. Institutional investors and hedge funds own 4.62% of the company’s stock.

About NXT-ID

Nxt-ID, Inc, a security technology company, engages in the development of products and solutions for security, healthcare, financial technology, and Internet of Things (IoT) markets. It offers non-monitored and monitored personal emergency response systems (PERS), including landline and cell-based options; the Fit Pay Trusted Payment Manager Platform (TPMP) that provides IoT and wearable devices with contactless payment capabilities and full digital wallet functionality; World Ventures Flye SmartCard, a smartcard customized for WorldVentures, the travel company; and Fit Pay General Purpose Reloadable Mastercard, which offers prepaid capabilities on wearable devices connected to the TPMP.

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