The stock of T Stamp Inc. (NASDAQ:IDAI) last traded at $3.05, up 22.49% from the previous session.
Data from the available sources indicates that T Stamp Inc. (NASDAQ:IDAI) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $5.00, we find $5.00. Given the previous closing price of $2.49, this indicates a potential upside of 100.8 percent. IDAI stock price is now 106.87% away from the 50-day moving average and 16.84% away from the 200-day moving average. The market capitalization of the company currently stands at $21.44M.
In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $5.00 as their price target over the next twelve months.
Insiders disposed of 1,429,681 shares of company stock worth roughly $4.36 million over the past 1 year. A total of 27.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IDAI stock. A new stake in T Stamp Inc. shares was purchased by COWEN AND COMPANY, LLC during the first quarter worth $1,023,000. HRT FINANCIAL LP invested $53,000 in shares of IDAI during the first quarter. In total, there are 11 active investors with 5.50% ownership of the company’s stock.
With an opening price of $2.5500 on Thursday morning, T Stamp Inc. (NASDAQ: IDAI) set off the trading day. During the past 12 months, T Stamp Inc. has had a low of $0.77 and a high of $9.85. The fifty day moving average price for IDAI is $1.4928 and a two-hundred day moving average price translates $2.6030 for the stock.
The latest earnings results from T Stamp Inc. (NASDAQ: IDAI) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at -$0.32, missing analysts’ expectations of -$0.31 by -0.01. This compares to -$0.63 EPS in the same period last year. The company reported revenue of $0.46 million for the quarter, compared to $0.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -34.89 percent. For the current quarter, analysts expect IDAI to generate $1.08M in revenue.
T Stamp Inc.(IDAI) Company Profile
T Stamp Inc. develops and markets identity authentication software solutions for government, enterprise partners, and peer-to-peer markets in the United States, the United Kingdom, and Malta. The company’s artificial intelligence powered solutions include researching and leveraging biometric science, cryptography, and data mining to deliver insightful identity and trust predictions while identifying and defending against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility. Its solution converts biometric and other identifying data into an Irreversibly Transformed Identity Token that serves as a secure tokenized identity. The company also offers solutions for privacy and data protection, document validation, identity verification, geolocation, duplicate detection, and biometric capture. It serves banking/fintech; humanitarian and development services; biometrically secured email; KYC/AML compliance; government and law enforcement; P2P transactions, social media, and sharing economy; and real estate, travel, and healthcare industries. T Stamp Inc. was incorporated in 2016 and is headquartered in Atlanta, Georgia.
