Maxim Group Keeps a Buy Rating on NXT-ID Inc

Maxim Group analyst Brian Kinstlinger reiterated a Buy rating on NXT-ID Inc (NASDAQ: NXTD) today and set a price target of $5. The company’s shares opened today at $2.05.

Kinstlinger observed:

“Garmin plans to begin selling its Vivoactive 3 smartwatch with payment capabilities in 2017, to be sold by Best Buy.”

According to TipRanks.com, Kinstlinger is a 2-star analyst with an average return of 0.9% and a 53.6% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Applied DNA Sciences, Caci International, and Tyler Technologies.

NXT-ID Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5.

The company has a one year high of $4.50 and a one year low of $1.21. Currently, NXT-ID Inc has an average volume of 407.6K.

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Nxt-ID, Inc. is a technology company, which provides security solutions to mobile devices. Its MobileBio biometric solutions mitigate consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company’s product, Wocket, is a next generation smart wallet designed to replace all the cards.

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