NXT-ID Inc (NXTD) Receives a Buy from Maxim Group

By Jason Carr

In a report released today, Michael Diana from Maxim Group maintained a Buy rating on NXT-ID Inc (NXTDResearch Report), with a price target of $2. The company’s shares opened today at $0.97.

Diana commented:

“2018, NXTD announced its intention to spin off its Fit Pay subsidiary (to be re-named PartX), and subsequently established a record date of October 17. On October 17, NXTD shares started trading without (any value for) PartX (that is, just reflecting the value of its healthcare subsidiary, LogicMark). On December 17, it was announced that the spin-off was delayed, and the October 17 record date was withdrawn, so NXTD shares now trade with the values of both LogicMark and PartX included. A new record date has not yet been announced.”

According to TipRanks.com, Diana is a 5-star analyst with an average return of 5.7% and a 57.2% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Arlington Asset Investment, and Westamerica Bancorporation.

Currently, the analyst consensus on NXT-ID Inc is a Moderate Buy with an average price target of $2.

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The company has a one-year high of $2.61 and a one-year low of $0.53. Currently, NXT-ID Inc has an average volume of 252.7K.

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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.