The stock price of T Stamp Inc (NASDAQ: IDAI) has surged by 5.63 when compared to previous closing price of 0.18, but the company has seen a -0.32% decline in its stock price over the last five trading sessions. proactiveinvestors.com reported 2024-10-23 that T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID), doing business as Trust Stamp, announced the launch of a research initiative called the Biometric Secure Module (BSM) to enhance its biometric cryptosystem Stable IT2 to include contactless palm authentication. The 18-month project, starting on November 1, 2024, is supported by Xjenza Malta through the FUSION: R&I Technology Development Programme Lite.
Is It Worth Investing in T Stamp Inc (NASDAQ: IDAI) Right Now?
The 36-month beta value for IDAI is at -0.78. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for IDAI is 11.54M, and currently, shorts hold a 0.28% of that float. The average trading volume for IDAI on November 14, 2024 was 971.12K shares.
IDAI’s Market Performance
IDAI stock saw a decrease of -0.32% in the past week, with a monthly decline of -1.97% and a quarterly a decrease of -55.93%. The volatility ratio for the week is 14.27%, and the volatility levels for the last 30 days are 12.56% for T Stamp Inc (IDAI). The simple moving average for the past 20 days is -8.62% for IDAI’s stock, with a -69.47% simple moving average for the past 200 days.
IDAI Trading at -12.42% 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 -92.42% of loss for the given period.
Volatility was left at 12.56%, however, over the last 30 days, the volatility rate increased by 14.27%, as shares sank -4.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.24% lower at present.
During the last 5 trading sessions, IDAI fell by -0.32%, which changed the moving average for the period of 200-days by -87.20% in comparison to the 20-day moving average, which settled at $0.2074. In addition, T Stamp Inc saw -86.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IDAI starting from DQI Holdings Inc., who purchase 1,363,636 shares at the price of $0.22 back on Oct 28 ’24. After this action, DQI Holdings Inc. now owns 5,961,337 shares of T Stamp Inc, valued at $300,000 using the latest closing price.
Stock Fundamentals for IDAI
Current profitability levels for the company are sitting at:
- -1.78 for the present operating margin
- 0.7 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 -7.38. The debt to equity ratio resting at 1.44. The interest coverage ratio of the stock is -94.84.
Currently, EBITDA for the company is -7.63 million with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.86. 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 had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
