T Stamp (NASDAQ:IDAI) Shares Down 5.9% – What’s Next?

by · The Markets Daily

Shares of T Stamp Inc. (NASDAQ:IDAI – Get Free Report) traded down 5.9% during mid-day trading on Monday . The company traded as low as $3.64 and last traded at $3.66. 111,510 shares traded hands during trading, a decline of 25% from the average session volume of 148,886 shares. The stock had previously closed at $3.89.

Analyst Ratings Changes

A number of research analysts have recently commented on IDAI shares. Wall Street Zen lowered T Stamp from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Maxim Group upped their price target on shares of T Stamp from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $12.00.

Get Our Latest Stock Report on IDAI

T Stamp Price Performance

The company has a fifty day simple moving average of $4.05 and a 200-day simple moving average of $3.24. The company has a market cap of $18.39 million, a P/E ratio of -1.53 and a beta of 0.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.98 and a quick ratio of 1.98.

T Stamp (NASDAQ:IDAI – Get Free Report) last issued its earnings results on Friday, November 14th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.16). T Stamp had a negative return on equity of 290.04% and a negative net margin of 316.25%.The company had revenue of $0.87 million during the quarter, compared to analyst estimates of $0.90 million.

Institutional Investors Weigh In On T Stamp

A hedge fund recently bought a new stake in T Stamp stock. Argentarii LLC purchased a new stake in T Stamp Inc. (NASDAQ:IDAI – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 75,000 shares of the company’s stock, valued at approximately $246,000. Argentarii LLC owned approximately 2.95% of T Stamp as of its most recent filing with the Securities and Exchange Commission. 16.34% of the stock is currently owned by institutional investors and hedge funds.

T Stamp Company Profile

(Get Free Report)

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.

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