NXT-ID Inc. (NASDAQ:NXTD)‘s stock had its “buy” rating restated by equities researchers at Maxim Group in a research report issued to clients and investors on Tuesday. They presently have a $5.00 price objective on the technology company’s stock. Maxim Group’s price objective suggests a potential upside of 154.45% from the stock’s previous close.

NXT-ID (NASDAQ NXTD) opened at 1.965 on Tuesday. The firm’s market capitalization is $29.71 million. The company has a 50 day moving average price of $1.70 and a 200 day moving average price of $1.73. NXT-ID has a 52-week low of $1.21 and a 52-week high of $4.45.

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An institutional investor recently raised its position in NXT-ID stock. Vanguard Group Inc. increased its stake in shares of NXT-ID Inc. (NASDAQ:NXTD) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,010 shares of the technology company’s stock after buying an additional 1,609 shares during the period. Vanguard Group Inc. owned about 0.79% of NXT-ID worth $144,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 3.02% of the company’s stock.

NXT-ID Company Profile

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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