authID (NASDAQ:AUID) Shares Down 3.6% – Here’s Why

authID Inc. (NASDAQ:AUID) traded down 3.6% during mid-day trading on Friday . The stock traded as low as $0.4608 and last traded at $0.47. Approximately 333,961 shares traded hands during trading, an increase of 18% from the average daily volume of 283,112 shares. The stock had previously closed at $0.4874.

authID Trading Down 3.6%

The stock’s fifty day simple moving average is $0.87 and its 200 day simple moving average is $1.19. The company has a market cap of $7.86 million, a price-to-earnings ratio of -0.38 and a beta of 1.61.

authID (NASDAQ:AUID) last issued its earnings results on Friday, August 14th. The company reported ($0.29) earnings per share for the quarter. authID had a negative return on equity of 297.48% and a negative net margin of 934.06%.The company had revenue of $0.49 million for the quarter.

Institutional Trading of authID

Several large investors have recently added to or reduced their stakes in AUID. Corient Private Wealth LLC raised its holdings in shares of authID by 207.7% during the 4th quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock worth $140,000 after acquiring an additional 108,000 shares during the period. Connective Capital Management LLC boosted its position in shares of authID by 59.1% during the 3rd quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock valued at $386,000 after acquiring an additional 44,922 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of authID by 6.1% in the third quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after purchasing an additional 25,822 shares during the period. Scoggin Management LP grew its holdings in shares of authID by 60.4% in the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after purchasing an additional 150,612 shares during the period. Finally, Geode Capital Management LLC increased its position in authID by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock worth $121,000 after purchasing an additional 13,087 shares during the last quarter. 8.83% of the stock is currently owned by hedge funds and other institutional investors.

About authID

authID (NASDAQ: AUID) is a technology company specializing in digital identity verification and biometric authentication solutions. The company offers a cloud-based platform designed to help organizations securely verify user identities, prevent account takeover and reduce fraud. Leveraging artificial intelligence and machine learning, authID’s software supports biometric modalities including facial recognition, voice verification and liveness detection to ensure that customers are who they claim to be.

The company’s flagship product suite enables enterprises to integrate identity proofing and continuous authentication into their online and mobile applications.