Nxt-ID Inc. (NXTD): What the Financials Tell Us

Nxt-ID Inc. (NASDAQ:NXTD) saw a downside of -3.47% to close Friday at $0.36 after subtracting -$0.01 on the day. The 5-day average trading volume is 27,045,080 shares of the company’s common stock. It has gained $0.4570 in the past week. An average of 15,543,210 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,495,132.

NXTD’s 1-month performance is -38.21% or -$0.2450 on its low of $0.3401 reached on 10/05/21. The company’s shares have touched a 52-week low of $0.30 and high of $3.44, with the stock’s rally to the 52-week high happening on 02/17/21. YTD, NXTD has lost -77.75% or -$1.2440. However, the current price is down -89.65%% from the 52-week high price.

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Valuation Metrics

Nxt-ID Inc. (NXTD) has a trailing price-to-earnings (P/E) ratio of 22.10 for the broader industry and 28.65 for the sector.NXTD stock has a beta of 1.88. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.13 while the price-to-book (PB) in the most recent quarter is 1.08.

Nxt-ID Inc.’s quick ratio for the period ended December 30 was 0.70, with the current ratio over the same period at 0.80 meaning that NXTD stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.00, while the total debt to equity was 0.05. In terms of profitability, the gross margin trailing 12 months is 66.70%. The trailing 12-month EBITDA margin is 2.11% while for the period ending December 30; Nxt-ID Inc.’s operating margin was -21.10%. The firm’s gross profit as reported stood at $8.2 million against revenue of $11.44 million.

Earnings Surprise

For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NXTD to announce $0 per share in earnings in its latest quarter, but it posted $0.02. EBITDA for the quarter stood at more than $0.22 million. NXTD stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 8.18 million, with total debt at $1.2 million. Shareholders hold equity totaling $53.31 million

Technical Picture

Let’s look briefly at Nxt-ID Inc. (NXTD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 37.37% to suggest the stock is trending Neutral, with historical volatility in this time period at 126.90%.

The stock’s 5-day moving average is $0.3690, reflecting a -11.44% or -$0.0460 change from its current price. NXTD is currently trading -37.40% above its 20-day SMA, -52.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -53.16% and -74.57% respectively.

Stochastic %K and %D was 30.71% and 28.07% and the average true range (ATR) pointed at 0.0502. The RSI (14) points at 35.68%, while the 14-day stochastic is at 13.60% with the period’s ATR at 0.0521. The stock’s 9-day MACD Oscillator is pointing at -0.0059 and -0.0037 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Nxt-ID Inc. (NASDAQ: NXTD), Maxim Group reiterated its a Buy rating for the company. Analysts offering their rating for NXTD stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate NXTD as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is NXTD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $0.35 and a high of $0.35, with their median price target at $0.35. Looking at these predictions, the average price target given by analysts is for Nxt-ID Inc. (NXTD) stock is $0.35.


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