T Stamp (NASDAQ:IDAI) Stock Price Down 1.7% – Time to Sell?

T Stamp Inc. (NASDAQ:IDAI) was down 1.7% during trading on Friday . The stock traded as low as $3.35 and last traded at $3.44. Approximately 63,754 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 81,335 shares. The stock had previously closed at $3.50.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of T Stamp from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat, T Stamp has a consensus rating of “Buy” and a consensus price target of $12.00.

T Stamp Trading Down 1.7%

The business’s 50 day simple moving average is $3.97 and its 200 day simple moving average is $3.57. The stock has a market cap of $18.03 million, a price-to-earnings ratio of -1.50 and a beta of 0.70. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.18.

T Stamp (NASDAQ:IDAI) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.16). T Stamp had a negative return on equity of 290.04% and a negative net margin of 316.25%.The firm had revenue of $0.87 million for the quarter, compared to analyst estimates of $0.90 million.

Institutional Trading of T Stamp

An institutional investor recently bought a new position in T Stamp stock. Argentarii LLC bought a new position in shares of T Stamp Inc. (NASDAQ:IDAI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 75,000 shares of the company’s stock, valued at approximately $246,000. Argentarii LLC owned about 2.95% of T Stamp at the end of the most recent quarter. 16.34% of the stock is currently owned by hedge funds and other institutional investors.

T Stamp Company Profile

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.