Armistice Capital LLC recently announced the acquisition of new stake in T Stamp Inc. (NASDAQ:IDAI). This fresh investment now brings its stake to 4.02% valued currently at $0.47 million. In addition, Millennium Management LLC raised its holdings by 0.11 million to 0.11 million shares.
With over 20.0 million T Stamp Inc. (IDAI) shares trading Monday and a closing price of $0.96 on the day, the dollar volume was approximately $19.2 million. The shares have shown a negative half year performance of -31.18% and its price on 01/23/23 gained nearly 47.92%. Currently, there are 23.47M common shares owned by the public and among those 15.44M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for IDAI have a consensus price objective of $2.50. The analysts have set the share’s price value over the next 12 months at a high of $2.50 and a low of $2.50. The average price target is 61.6% above its recent price level and an upside to the estimated low will see the stock gain 61.6% over that period. But an upside of 61.6% will see the stock hit the forecast high price target while median target price for the stock is $2.50.
The top 3 mutual fund holders in T Stamp Inc. are Fidelity Extended Market Index Fu, Vanguard Total Stock Market Index, and iShares Tr. – Micro Cap ETF. Fidelity Extended Market Index Fu owns 72538.0 shares of the company’s stock, all valued at over $34891.0. iShares Tr. – Micro Cap ETF now owns shares totaling to 0.11% of the shares outstanding.
Shares of T Stamp Inc. (NASDAQ: IDAI) opened at $0.67, up $0.02 from a prior closing price of $0.65. However, the script later moved the day high at 1.7400, up 47.92%. The company’s stock has a 5-day price change of 39.11% and 0.06% over the past three months. IDAI shares are trading 99.54% year to date (YTD), with the 12-month market performance down to -80.80% lower. It has a 12-month low price of $0.40 and touched a high of $8.05 over the same period. IDAI has an average intraday trading volume of 13.05K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 71.72%, 43.40%, and -28.85% respectively.
Institutional ownership of T Stamp Inc. (NASDAQ: IDAI) shares accounts for 5.50% of the company’s 23.47M shares outstanding. Mutual fund holders own 26.17%, while other institutional holders and individual stakeholders account for 4.74% and 0.72% respectively.
It has a market capitalization of $23.38M. The earnings-per-share (ttm) stands at -$0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 50.70% over the week and 24.92% over the month.
Earnings per share for the fiscal year are expected to increase by 15.20%, and 46.90% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate T Stamp Inc. (IDAI) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”