Maxim Group set a $5.00 price objective on NXT-ID Inc. (NASDAQ:NXTD) in a research note published on Wednesday. The brokerage currently has a buy rating on the technology company’s stock.

NXT-ID (NASDAQ:NXTD) opened at 1.46 on Wednesday. The company’s market capitalization is $13.98 million. The firm’s 50-day moving average price is $1.59 and its 200 day moving average price is $1.90. NXT-ID has a one year low of $1.21 and a one year high of $5.34.

NXT-ID (NASDAQ:NXTD) last announced its earnings results on Tuesday, May 16th. The technology company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The company had revenue of $6.68 million for the quarter. On average, equities research analysts expect that NXT-ID will post ($0.45) earnings per share for the current fiscal year.

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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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