Nxt-ID Inc. (NASDAQ:NXTD) shares fell to a low of $0.462 before closing at $0.55. Intraday shares traded counted 2.82 million, which was -135.19% lower than its 30-day average trading volume of 1.20M. NXTD’s previous close was $0.47 while the outstanding shares total 30.15M. The firm has a beta of -0.08. The stock’s Relative Strength Index (RSI) is 69.36, with weekly volatility at 13.04% and ATR at 0.05. The NXTD stock’s 52-week price range has touched low of $0.21 and a $0.96 high. The stock traded higher over the last trading session, gaining 18.20% on 06/10/20.
Investors have identified the Security & Protection Services company Nxt-ID Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $17.49 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Nxt-ID Inc. (NXTD) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NXTD, the company has in raw cash 1.59 million on their books with 2.06 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2957000 million total, with 4960000 million as their total liabilities.
NXTD were able to record 0.52 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -0.15 million. In cash movements, the company had a total of 0.52 million as operating cash flow.
Potential earnings growth for Nxt-ID Inc. (NXTD)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Nxt-ID Inc. recorded a total of 3.74 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -11.7% coming in sequential stages and their sales for the third quarter reducing by -7.48%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 0.95 million trying to sell their products during the last quarter, with the result yielding a gross income of 2.8 million. This allows shareholders to hold on to 30.15M with the revenue now reading 0.00 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter.
Is the stock of NXTD attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 2.30%.