authID (NASDAQ:AUID) Shares Up 7.6% – Time to Buy?

authID Inc. (NASDAQ:AUID) shares were up 7.6% during mid-day trading on Tuesday . The stock traded as high as $1.28 and last traded at $1.27. Approximately 141,221 shares traded hands during trading, a decline of 30% from the average daily volume of 201,469 shares. The stock had previously closed at $1.18.

authID Price Performance

The firm’s 50-day moving average price is $1.40 and its 200-day moving average price is $1.59. The company has a market cap of $20.49 million, a price-to-earnings ratio of -0.91 and a beta of 1.72.

authID (NASDAQ:AUID) last posted its earnings results on Tuesday, March 31st. The company reported ($0.28) earnings per share for the quarter. authID had a negative net margin of 653.77% and a negative return on equity of 187.96%. The business had revenue of ($0.30) million for the quarter.

Institutional Investors Weigh In On authID

Several institutional investors and hedge funds have recently modified their holdings of AUID. Scoggin Management LP boosted its position in shares of authID by 60.4% in the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock worth $2,116,000 after buying an additional 150,612 shares during the period. Corient Private Wealth LLC grew its position in authID by 207.7% in the fourth quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock valued at $140,000 after acquiring an additional 108,000 shares in the last quarter. HRT Financial LP acquired a new stake in authID in the fourth quarter valued at approximately $69,000. Connective Capital Management LLC raised its stake in shares of authID by 59.1% during the third quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock valued at $386,000 after purchasing an additional 44,922 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of authID by 6.1% during the third quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock worth $1,443,000 after purchasing an additional 25,822 shares in the last quarter. Hedge funds and other institutional investors own 8.83% of the company’s stock.

authID Company Profile

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.