T Stamp (NASDAQ:IDAI) Posts Earnings Results

T Stamp (NASDAQ:IDAI) released its quarterly earnings results on Thursday. The company reported $999.00 EPS for the quarter, reports. T Stamp had a negative return on equity of 142.21% and a negative net margin of 250.57%.The firm had revenue of $0.76 million for the quarter.

T Stamp Stock Down 7.4%

NASDAQ:IDAI traded down $0.17 on Friday, hitting $2.14. The stock had a trading volume of 46,192 shares, compared to its average volume of 49,594. The business’s fifty day moving average is $2.48 and its 200 day moving average is $3.30. The company has a market cap of $11.30 million, a PE ratio of -0.96 and a beta of 0.75. The company has a quick ratio of 7.85, a current ratio of 7.85 and a debt-to-equity ratio of 0.13. T Stamp has a 52 week low of $1.80 and a 52 week high of $5.28.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered T Stamp from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, T Stamp has an average rating of “Buy” and an average target price of $12.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in T Stamp in the fourth quarter worth approximately $220,000. Kestra Advisory Services LLC purchased a new stake in shares of T Stamp in the fourth quarter worth approximately $204,000. Finally, Geode Capital Management LLC raised its stake in shares of T Stamp by 67.7% in the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after purchasing an additional 13,125 shares during the last quarter. Institutional investors own 16.34% of the company’s stock.

T Stamp Company Profile

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.