T Stamp (NASDAQ:IDAI) Stock Price Down 1.7% – Should You Sell?

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of T Stamp from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $12.00.

T Stamp Price Performance

The stock has a 50 day moving average of $3.97 and a two-hundred day moving average of $3.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a market capitalization of $18.03 million, a P/E ratio of -1.50 and a beta of 0.70.

T Stamp (NASDAQ:IDAI) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $0.87 million during the quarter, compared to the consensus estimate of $0.90 million.

Institutional Investors Weigh In On T Stamp

A hedge fund recently raised its stake in T Stamp stock. Argentarii LLC lifted its position in T Stamp Inc. (NASDAQ:IDAI) by 53.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 115,363 shares of the company’s stock after purchasing an additional 40,363 shares during the quarter. Argentarii LLC owned 2.20% of T Stamp worth $451,000 at the end of the most recent reporting period. 16.34% of the stock is owned by institutional investors and hedge funds.

About T Stamp

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.