T Stamp (NASDAQ:IDAI) Issues Quarterly Earnings Results

by · The Cerbat Gem

T Stamp (NASDAQ:IDAI – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.14), FiscalAI reports. T Stamp had a negative return on equity of 134.07% and a negative net margin of 250.57%.The firm had revenue of $0.90 million during the quarter, compared to analysts’ expectations of $0.90 million.

T Stamp Trading Down 5.7%

Shares of NASDAQ IDAI traded down $0.15 on Thursday, hitting $2.49. The company had a trading volume of 66,978 shares, compared to its average volume of 36,908. The company has a debt-to-equity ratio of 0.15, a current ratio of 5.28 and a quick ratio of 5.28. T Stamp has a 12-month low of $1.17 and a 12-month high of $5.28. The business has a 50 day moving average of $2.18 and a two-hundred day moving average of $2.45.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of T Stamp to a “hold” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, T Stamp has an average rating of “Moderate Buy” and an average price target of $12.00.

View Our Latest Report on IDAI

Hedge Funds Weigh In On T Stamp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of T Stamp in the fourth quarter valued at $220,000. Kestra Advisory Services LLC purchased a new stake in T Stamp during the 4th quarter worth $204,000. Finally, Geode Capital Management LLC increased its stake in T Stamp by 67.7% during the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after buying an additional 13,125 shares during the period. 16.34% of the stock is owned by institutional investors and hedge funds.

T Stamp Company Profile

(Get Free Report)

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.

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