Nxt-ID Inc. [NXTD] fell -80.19% so far this year. What now?

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Nxt-ID Inc. [NASDAQ: NXTD] gained 1.28% on the last trading session, reaching $3.17 price per share at the time. The company report on October 15, 2021 that Nxt-ID, Inc. Shareholders Approve Both Reverse Stock Split Proposals.

Company to Effect Reverse Stock Splits on Friday, October 15, 2021.


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Nxt-ID, Inc. (NASDAQ: NXTD) (the “Company” or “NXT-ID”), provider of personal emergency response systems (PERS), health communications devices and IoT technology, announced that the Company’s shareholders have approved the two reverse stock split proposals relating to NXT-ID’s common stock and Series C preferred stock at the Company’s special shareholders meeting on October 15, 2021.

Nxt-ID Inc. represents 53.31 million in outstanding shares, while the company has a total market value of $238.54 million with the latest information. NXTD stock price has been found in the range of $2.90 to $3.40.

If compared to the average trading volume of 1.53M shares, NXTD reached a trading volume of 4354936 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Nxt-ID Inc. [NXTD]:

Maxim Group have made an estimate for Nxt-ID Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 20, 2017. While these analysts kept the previous recommendation, Maxim Group raised their target price to Buy. The new note on the price target was released on April 20, 2017, representing the official price target for Nxt-ID Inc. stock. Previously, the target price had yet another drop from $6 to $5.75, while Northland Capital kept a Outperform rating on NXTD stock.

The Average True Range (ATR) for Nxt-ID Inc. is set at 0.61, with the Price to Sales ratio for NXTD stock in the period of the last 12 months amounting to 22.94. The Price to Book ratio for the last quarter was 9.61, with the Price to Cash per share for the same quarter was set at 0.04.

Trading performance analysis for NXTD stock

Nxt-ID Inc. [NXTD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.93. With this latest performance, NXTD shares dropped by -19.07% in over the last four-week period, additionally sinking by -58.62% over the last 6 months – not to mention a drop of -11.83% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NXTD stock in for the last two-week period is set at 36.61, with the RSI for the last a single of trading hit 37.63, and the three-weeks RSI is set at 36.43 for Nxt-ID Inc. [NXTD]. The present Moving Average for the last 50 days of trading for this stock 5.24, while it was recorded at 3.40 for the last single week of trading, and 10.05 for the last 200 days.

Nxt-ID Inc. [NXTD]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Nxt-ID Inc. [NXTD] shares currently have an operating margin of -5.12 and a Gross Margin at +65.01. Nxt-ID Inc.’s Net Margin is presently recorded at -25.04.

Return on Total Capital for NXTD is now -2.77, given the latest momentum, and Return on Invested Capital for the company is -15.20. Return on Equity for this stock declined to -29.40, with Return on Assets sitting at -10.85. When it comes to the capital structure of this company, Nxt-ID Inc. [NXTD] has a Total Debt to Total Equity ratio set at 99.39. Additionally, NXTD Total Debt to Total Capital is recorded at 49.85, with Total Debt to Total Assets ending up at 40.45. Long-Term Debt to Equity for the company is recorded at 92.11, with the Long-Term Debt to Total Capital now at 38.58.

Reflecting on the efficiency of the workforce at the company, Nxt-ID Inc. [NXTD] managed to generate an average of -$150,789 per employee. Receivables Turnover for the company is 132.87 with a Total Asset Turnover recorded at a value of 0.43.Nxt-ID Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

An analysis of insider ownership at Nxt-ID Inc. [NXTD]

There are presently around $1 million, or 18.60% of NXTD stock, in the hands of institutional investors. The top three institutional holders of NXTD stocks are: VANGUARD GROUP INC with ownership of 190,127, which is approximately -3.558% of the company’s market cap and around 3.00% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 72,813 shares of the stock with an approximate value of $0.23 million in NXTD stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.1 million in NXTD stock with ownership of nearly 64.085% of the company’s market capitalization.

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Positions in Nxt-ID Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 12 institutional holders increased their position in Nxt-ID Inc. [NASDAQ:NXTD] by around 77,342 shares. Additionally, 15 investors decreased positions by around 71,219 shares, while 10 investors held positions by with 238,175 shares. The mentioned changes placed institutional holdings at 386,736 shares, according to the latest SEC report filing. NXTD stock had 4 new institutional investments in for a total of 60,043 shares, while 8 institutional investors sold positions of 20,635 shares during the same period.