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

In a report released today, Brian Kinstlinger from Maxim Group reiterated a Buy rating on NXT-ID Inc (NASDAQ: NXTD), with a price target of $5. The company’s shares opened today at $2.09, close to its 52-week low of $1.44.

Kinstlinger observed:

“NXTD posted about $6.6 million in revenue in 1Q17, which was up 45% sequentially and ahead of our estimate of $4.9 million.”

According to TipRanks.com, Kinstlinger is a 1-star analyst with an average return of -2.2% and a 44.4% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Applied DNA Sciences, Tyler Technologies, and Evolving Systems.

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 $6.49 and a one year low of $1.44. Currently, NXT-ID Inc has an average volume of 129.1K.

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Nxt-ID, Inc. is a technology company. It is focused on products, solutions, and services for security on mobile devices. The company was founded by Gino Miguel Pereira and David Charles Tunnell on February 8, 2012 and is headquartered Melbourne, FL.

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