T Stamp (NASDAQ:IDAI) Trading Down 5.9% – Here’s Why

T Stamp Inc. (NASDAQ:IDAI) dropped 5.9% during trading on Monday . The company traded as low as $3.64 and last traded at $3.66. Approximately 111,510 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 148,886 shares. The stock had previously closed at $3.89.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of T Stamp from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Maxim Group lifted their price objective on T Stamp from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $12.00.

T Stamp Stock Performance

The stock has a market capitalization of $19.18 million, a PE ratio of -1.59 and a beta of 0.70. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $4.03 and its two-hundred day simple moving average is $3.23.

T Stamp (NASDAQ:IDAI) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.16). The business had revenue of $0.87 million during the quarter, compared to the consensus estimate of $0.90 million. T Stamp had a negative return on equity of 290.04% and a negative net margin of 316.25%.

Institutional Investors Weigh In On T Stamp

A hedge fund recently bought a new stake in T Stamp stock. Argentarii LLC purchased a new stake in T Stamp Inc. (NASDAQ:IDAI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 75,000 shares of the company’s stock, valued at approximately $246,000. Argentarii LLC owned approximately 2.95% of T Stamp at the end of the most recent quarter. Institutional investors and hedge funds 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.