Today’s Price Action: NXT-ID Inc’s Stock Is Sell After Today’s Huge Decline

Today's Price Action: NXT ID Inc's Stock Is Sell After Today's Huge Decline

The stock of NXT-ID Inc (NASDAQ:NXTD) is a huge mover today! About 115,358 shares traded hands. NXT-ID Inc (NASDAQ:NXTD) has declined 19.59% since April 13, 2016 and is downtrending. It has underperformed by 23.52% the S&P500.
The move comes after 6 months negative chart setup for the $24.21M company. It was reported on Nov, 15 by Barchart.com. We have $3.08 PT which if reached, will make NASDAQ:NXTD worth $2.91 million less.

According to Zacks Investment Research, “Nxt-ID, Inc. is a biometric authentication company. The company develops Wocket; MobileBio VoiceMatch; and FaceMatch. It also offers 3D FaceMatch Biometric Identity System, 2D facial recognition, and optional fingerprint biometrics; and 3D SketchArtist. It provides its solutions for securing mobile platforms, as well as for access control and law enforcement facial recognition markets. NXT-ID Inc. is based in United States.”

More notable recent NXT-ID Inc (NASDAQ:NXTD) news were published by: Prnewswire.com which released: “NXT-ID, Inc. Announces Investor Webcast to Discuss Third Quarter Results” on November 15, 2016, also Prnewswire.com with their article: “NXT-ID, Inc. Announces Effective Date of Reverse Split” published on September 09, 2016, Finance.Yahoo.com published: “NXT-ID, Inc. Releases Preliminary Results for the Quarter Ended September 30, 2016” on October 10, 2016. More interesting news about NXT-ID Inc (NASDAQ:NXTD) were released by: Investorideas.com and their article: “SoundView Research Update on NXT-ID, Inc. (NASDAQ: $NXTD); THE #SECURITY …” published on November 10, 2016 as well as Prnewswire.com‘s news article titled: “NXT-ID, Inc. Joins Cisco Solution Partner Program to Capture 2D and 3D …” with publication date: November 07, 2016.

NXTD Company Profile

Nxt-ID, Inc., incorporated on February 8, 2012, is a technology company. The Firm is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. The Firm has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting. The Firm intends to use its core biometric facial and voice recognition algorithms to develop security applications (both cloud based and locally hosted) that can be used for companies (for industrial uses, such as enterprise computer networks), as well as individuals (for consumer uses, such as smart phones, tablets or personal computers), law enforcement, the defense industry, and the United States Department of Defense.

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