authID (NASDAQ:AUID) Releases Quarterly Earnings Results

authID (NASDAQ:AUID) released its earnings results on Friday. The company reported ($0.29) earnings per share (EPS) for the quarter, FiscalAI reports. authID had a negative return on equity of 202.14% and a negative net margin of 616.91%.The company had revenue of $0.49 million during the quarter.

authID Stock Performance

Shares of AUID stock opened at $0.53 on Friday. The firm has a market capitalization of $8.83 million, a price-to-earnings ratio of -0.43 and a beta of 1.61. authID has a one year low of $0.46 and a one year high of $4.70. The company has a 50 day moving average price of $0.95 and a 200 day moving average price of $1.23.

Institutional Trading of authID

Several institutional investors have recently made changes to their positions in AUID. Allied Private Wealth LLC acquired a new stake in shares of authID during the 2nd quarter worth $375,000. Scoggin Management LP boosted its holdings in authID by 60.4% in the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after acquiring an additional 150,612 shares during the last quarter. Corient Private Wealth LLC grew its position in authID by 207.7% during 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 during the period. HRT Financial LP purchased a new stake in authID during the fourth quarter valued at about $69,000. Finally, Connective Capital Management LLC grew its position in 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 acquiring an additional 44,922 shares during the period. 8.83% of the stock is owned by hedge funds and other institutional investors.

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.