T Stamp (NASDAQ:IDAI) Stock Price Down 8.5% – Time to Sell?

Shares of T Stamp Inc. (NASDAQ:IDAI) traded down 8.5% during trading on Monday . The company traded as low as $2.00 and last traded at $2.05. 83,841 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 398,494 shares. The stock had previously closed at $2.24.

T Stamp Price Performance

The firm’s 50-day moving average is $1.96 and its 200-day moving average is $3.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $5.09 million, a P/E ratio of -0.15 and a beta of 0.45.

T Stamp (NASDAQ:IDAI) last announced its earnings results on Thursday, May 15th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The business had revenue of $0.55 million for the quarter, compared to the consensus estimate of $0.70 million. T Stamp had a negative net margin of 346.20% and a negative return on equity of 250.54%.

Institutional Trading of T Stamp

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in T Stamp by 156.3% during the fourth quarter. Jane Street Group LLC now owns 38,288 shares of the company’s stock valued at $34,000 after buying an additional 23,348 shares during the period. Geode Capital Management LLC grew its position in T Stamp by 69.3% during the fourth quarter. Geode Capital Management LLC now owns 149,661 shares of the company’s stock valued at $132,000 after buying an additional 61,246 shares during the period. Finally, Armistice Capital LLC bought a new stake in T Stamp during the first quarter valued at approximately $252,000. 16.34% of the stock is currently owned by institutional investors.

About T Stamp

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.