authID (NASDAQ:AUID) Releases Earnings Results

authID (NASDAQ:AUID) announced its quarterly earnings data on Thursday. The company reported ($0.24) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.26 million during the quarter. authID had a negative return on equity of 297.48% and a negative net margin of 934.06%.

authID Trading Up 5.4%

Shares of authID stock traded up $0.01 during trading on Thursday, hitting $0.19. 130,597 shares of the stock traded hands, compared to its average volume of 2,070,828. The firm has a market cap of $3.18 million, a P/E ratio of -0.15 and a beta of 1.62. authID has a 52-week low of $0.15 and a 52-week high of $2.66. The stock’s fifty day simple moving average is $0.35 and its 200 day simple moving average is $0.96.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in authID stock. Leo Wealth LLC purchased a new stake in authID Inc. (NASDAQ:AUID) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 173,302 shares of the company’s stock, valued at approximately $66,000. Leo Wealth LLC owned approximately 1.04% of authID as of its most recent filing with the SEC. Institutional investors and hedge funds own 8.83% of the company’s stock.

authID Company Profile

authID Inc. (NASDAQ: AUID) is a provider of biometric identity verification and authentication technology. The company helps organizations establish that an individual is who they claim to be and supports secure, passwordless access to digital services. Its solutions use facial biometrics and related identity technologies for applications including identity proofing, account opening, workforce and customer authentication, fraud prevention, and secure digital transactions. The company’s platform is designed to integrate with existing applications and systems through cloud-based tools and application programming interfaces. authID was formerly known as Ipsidy Inc. before adopting the authID name as part of its focus on biometric authentication and digital identity services.