T Stamp Inc. (NASDAQ:IDAI) finished Wednesday with an addition of $0.87 to close at $2.45, an upside of 55.06 percent. An average of 5,526,520 shares of common stock have been traded in the last five days. There was a gain of $0.2600 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 8,558,665 shares traded, while the 50-day average volume stands at 4,203,872.
IDAI stock has increased by 140.20% in the last month. The company shares reached their 1-month lowest point of $0.7700 on 07/18/23. With the stock rallying to its 52-week high on 01/23/23, shares of the company touched a low of $0.77 and a high of $9.85 in 52 weeks. It has reached a new high 7 times so far this year and achieved 1.85% or $0.0400 in price. In spite of this, the price is down -75.13% from the 52-week high.
Valuation Metrics
T Stamp Inc. (IDAI) stock’s beta is -1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.77.
Financial Health
The quick ratio of T Stamp Inc. for the three months ended March 30 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. T Stamp Inc.’s EBITDA margin for the year ending March 30 is -205.24%. Its gross profit as reported stood at $3.6 million compared to revenue of $5.38 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, T Stamp Inc.’s return on assets was -189.90%.
Earnings Surprise
For the three-month period that ended March 30, T Stamp Inc. had $0.91 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$2.55 million in the quarter, while revenues were grew 33.73%. The analyst consensus anticipated T Stamp Inc.’s latest quarter earnings to come in at -$0.5 per share, but it turned out to be -$0.5, a 0.00% surprise. For the quarter, EBITDA amounted to -$2.36 million. Shareholders own equity worth $6.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at T Stamp Inc. (IDAI) price momentum. RSI 9-day as of the close on 09 August was 73.65%, suggesting the stock is Overbought, with historical volatility in this time frame at 388.83%.
As of today, IDAI’s price is $2.0100 +11.87% or $0.2600 from its 5-day moving average. However, the stock’s current price level is +41.62% above the SMA50 and -48.93% below the SMA200.
The stochastic %K and %D were 54.81% and 53.40%, respectively, and the average true range (ATR) was 0.4500. With the 14-day stochastic at 78.67% and the average true range at 0.3700, the RSI (14) stands at 70.48%. The stock has reached 0.2400 on the 9-day MACD Oscillator while the 14-day reading was at 0.5600.
Analyst Ratings
The consensus rating for T Stamp Inc. (IDAI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IDAI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is IDAI’s price target for the next 12 months?
Analysts predict a range of price targets between $5.00 and $5.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for T Stamp Inc. (IDAI) stock is $5.00.
