Maxim Group Thinks NXT-ID Inc’s Stock is Going to Recover

In a report released yesterday, Michael Diana from Maxim Group maintained a Buy rating on NXT-ID Inc (NASDAQ: NXTD), with a price target of $4. The company’s shares opened today at $1.72, close to its 52-week low of $1.01.

Diana commented:

“NXTD 1Q18’s results reflected solid progress in both payments (FitPay) and healthcare (LogicMark) in our view, with higher sequential-quarter revenues, lower sequential-quarter operating costs, and a gross profit margin of 70%.”

According to TipRanks.com, Diana is a 5-star analyst with an average return of 8.1% and a 66.3% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.

NXT-ID Inc has an analyst consensus of Moderate Buy, with a price target consensus of $4.50.

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The company has a one-year high of $8.59 and a one-year low of $1.01. Currently, NXT-ID Inc has an average volume of 412.5K.

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Nxt-ID, Inc. engages in the development of proprietary technology products and solutions. It focuses on security, healthcare, financial technology, and the Internet of Things markets.

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