The stock price of T Stamp Inc (NASDAQ: IDAI) has dropped by -19.76 compared to previous close of 0.32. Despite this, the company has seen a fall of -41.89% in its stock price over the last five trading days. proactiveinvestors.com reported 2024-09-03 that T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) (dba Trust Stamp), the AI-powered identity software provider, announced on Tuesday that it has entered into a securities purchase agreement with an institutional investor to raise approximately $2 million through a combination of a registered direct offering and a private placement. The company will issue over 1.4 million shares of common stock, or pre-funded warrants in lieu thereof, at an offering price of $0.3223 per share.
Is It Worth Investing in T Stamp Inc (NASDAQ: IDAI) Right Now?
Additionally, the 36-month beta value for IDAI is -0.71. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for IDAI is 14.41M and currently, short sellers hold a 2.59% ratio of that float. The average trading volume of IDAI on September 04, 2024 was 1.58M shares.
IDAI’s Market Performance
The stock of T Stamp Inc (IDAI) has seen a -41.89% decrease in the past week, with a -36.59% drop in the past month, and a -53.67% fall in the past quarter. The volatility ratio for the week is 17.27%, and the volatility levels for the past 30 days are at 20.07% for IDAI. The simple moving average for the past 20 days is -38.20% for IDAI’s stock, with a -72.45% simple moving average for the past 200 days.
IDAI Trading at -39.54% from the 50-Day Moving Average
After a stumble in the market that brought IDAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -89.66% of loss for the given period.
Volatility was left at 20.07%, however, over the last 30 days, the volatility rate increased by 17.27%, as shares sank -28.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.07% lower at present.
During the last 5 trading sessions, IDAI fell by -41.89%, which changed the moving average for the period of 200-days by -82.41% in comparison to the 20-day moving average, which settled at $0.4132. In addition, T Stamp Inc saw -81.12% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IDAI
Current profitability levels for the company are sitting at:
- -1.78 for the present operating margin
- 0.66 for the gross margin
The net margin for T Stamp Inc stands at -1.74. The total capital return value is set at -3.84. Equity return is now at value -402.97, with -113.19 for asset returns.
Based on T Stamp Inc (IDAI), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at -7.36. The debt to equity ratio resting at 1.44. The interest coverage ratio of the stock is -163.15.
Currently, EBITDA for the company is -7.1 million with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 1.02. The receivables turnover for the company is 4.87for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.64.
Conclusion
In conclusion, T Stamp Inc (IDAI) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
