NXT-ID (NXTD) Receiving Somewhat Favorable Press Coverage, Report Finds

Headlines about NXT-ID (NASDAQ:NXTD) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NXT-ID earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 44.6564246822434 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s rankings:

Several brokerages have recently weighed in on NXTD. Maxim Group set a $5.00 price objective on shares of NXT-ID and gave the stock a “buy” rating in a research note on Tuesday, December 19th. ValuEngine upgraded shares of NXT-ID from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.

Shares of NXT-ID (NXTD) traded up $0.01 during trading hours on Friday, hitting $2.21. 1,181,061 shares of the stock traded hands, compared to its average volume of 1,793,809. NXT-ID has a 52-week low of $1.01 and a 52-week high of $8.59. The company has a quick ratio of 0.32, a current ratio of 0.61 and a debt-to-equity ratio of 2.24. The company has a market cap of $53.07, a PE ratio of -2.38 and a beta of -5.32.

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NXT-ID Company Profile

Nxt-ID, Inc is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting.

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