authID (NASDAQ:AUID) Stock Price Up 10.8% – Still a Buy?

authID Inc. (NASDAQ:AUID) shares traded up 10.8% during trading on Thursday . The company traded as high as $0.6950 and last traded at $0.6577. 132,570 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 840,315 shares. The stock had previously closed at $0.5938.

authID Price Performance

The company has a 50 day simple moving average of $1.07 and a 200-day simple moving average of $1.28. The stock has a market cap of $12.12 million, a P/E ratio of -0.57 and a beta of 1.59.

authID (NASDAQ:AUID) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $0.48 million during the quarter. authID had a negative return on equity of 202.14% and a negative net margin of 616.91%.

Institutional Trading of authID

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allied Private Wealth LLC bought a new stake in shares of authID in the 2nd quarter worth approximately $375,000. Corient Private Wealth LLC grew its holdings in shares of authID by 207.7% during the 4th quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock valued at $140,000 after purchasing an additional 108,000 shares during the last quarter. HRT Financial LP bought a new position in shares of authID during the 4th quarter valued at $69,000. Geode Capital Management LLC raised its position in authID by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock worth $121,000 after purchasing an additional 13,087 shares during the period. Finally, Connective Capital Management LLC raised its position in authID by 59.1% in the 3rd quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock worth $386,000 after purchasing an additional 44,922 shares during the period. Hedge funds and other institutional investors own 8.83% of the company’s stock.

authID Company Profile

authID (NASDAQ: AUID) is a technology company specializing in digital identity verification and biometric authentication solutions. The company offers a cloud-based platform designed to help organizations securely verify user identities, prevent account takeover and reduce fraud. Leveraging artificial intelligence and machine learning, authID’s software supports biometric modalities including facial recognition, voice verification and liveness detection to ensure that customers are who they claim to be.

The company’s flagship product suite enables enterprises to integrate identity proofing and continuous authentication into their online and mobile applications.