Somewhat Positive Press Coverage Somewhat Unlikely to Impact NXT-ID (NXTD) Stock Price
News headlines about NXT-ID (NASDAQ:NXTD) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NXT-ID earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.7527091425508 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of NXT-ID (NASDAQ:NXTD) opened at 1.93 on Friday. The company has a 50-day moving average of $1.64 and a 200 day moving average of $1.76. NXT-ID has a one year low of $1.21 and a one year high of $4.70. The firm’s market cap is $29.18 million.
Separately, Maxim Group set a $5.00 target price on shares of NXT-ID and gave the company a “buy” rating in a report on Wednesday, July 26th.
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Nxt-ID, Inc is a technology company. The Company 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. It 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.
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