authID (NASDAQ:AUID) Posts Earnings Results

by · The Markets Daily

authID (NASDAQ:AUID – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.29) earnings per share (EPS) for the quarter, FiscalAI reports. authID had a negative return on equity of 202.14% and a negative net margin of 616.91%.The firm had revenue of $0.49 million for the quarter.

authID Trading Up 11.6%

Shares of AUID traded up $0.05 during mid-day trading on Friday, hitting $0.53. The company’s stock had a trading volume of 251,677 shares, compared to its average volume of 221,941. authID has a 1-year low of $0.46 and a 1-year high of $4.70. The firm has a market capitalization of $8.83 million, a P/E ratio of -0.42 and a beta of 1.61. The firm has a 50-day simple moving average of $0.95 and a 200 day simple moving average of $1.23.

Institutional Investors Weigh In On authID

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HRT Financial LP purchased a new stake in authID during the fourth quarter worth about $69,000. XTX Topco Ltd acquired a new stake in shares of authID during the 2nd quarter valued at approximately $77,000. Comerica Bank boosted its stake in shares of authID by 11.7% during the 1st quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after acquiring an additional 2,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 acquiring an additional 13,087 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in authID by 207.7% during the fourth quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock worth $140,000 after purchasing an additional 108,000 shares during the last quarter. Institutional investors and hedge funds own 8.83% of the company’s stock.

About authID

(Get Free Report)

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.

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