T Stamp (NASDAQ:IDAI) Trading Up 9% – Should You Buy?

Shares of T Stamp Inc. (NASDAQ:IDAI) rose 9% during trading on Monday . The stock traded as high as $3.90 and last traded at $3.86. Approximately 180,845 shares traded hands during trading, a decline of 89% from the average daily volume of 1,636,970 shares. The stock had previously closed at $3.54.

Analysts Set New Price Targets

Separately, Maxim Group raised their price target on shares of T Stamp from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $12.00.

T Stamp Stock Up 9.0%

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.42. The stock has a market cap of $9.80 million, a price-to-earnings ratio of -0.29 and a beta of 0.66. The business’s fifty day moving average is $3.07 and its two-hundred day moving average is $2.55.

T Stamp (NASDAQ:IDAI) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.33). T Stamp had a negative return on equity of 235.67% and a negative net margin of 273.15%.The firm had revenue of $0.81 million for the quarter, compared to analyst estimates of $0.74 million.

Institutional Trading of T Stamp

An institutional investor recently bought a new position in T Stamp stock. Armistice Capital LLC purchased a new position in shares of T Stamp Inc. (NASDAQ:IDAI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 130,000 shares of the company’s stock, valued at approximately $252,000. Armistice Capital LLC owned 5.23% of T Stamp at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.34% of the company’s stock.

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.