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Nxt-ID, Inc. (NXTD)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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0.7350-0.0350 (-4.55%)
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Neutralpattern detected
Previous Close0.7700
Open0.7400
Bid0.0000 x 900
Ask0.0000 x 900
Day's Range0.7281 - 0.7679
52 Week Range0.2900 - 3.4400
Volume3,658,330
Avg. Volume16,285,116
Market Cap39.184M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.1140
Earnings DateAug 18, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Nxt-ID’s Debt Reduction Is Encouraging, but Tread Carefully With NXTD Stock
    InvestorPlace

    Nxt-ID’s Debt Reduction Is Encouraging, but Tread Carefully With NXTD Stock

    For anyone who likes to trade less expensive stocks, here’s an interesting one. Nxt-ID (NASDAQ:NXTD) provides technology products and services for health-care applications, and NXTD stock should be affordable for most investors. Source: Shutterstock I don’t mean to make the company sound more diversified than it actually is. Nxt-ID’s business mainly revolves around personal emergency response systems, which are sold through Nxt-ID’s subsidiary, LogicMark. Meanwhile, the company seems to have firmed up its capital position somewhat, and I’ll provide details about that belowInvestorPlace - Stock Market News, Stock Advice & Trading Tips On the other hand, there may be concerns about the share price and the possibility of the stock being delisted. First, though, it’s important to provide an account of the shares’ recent price movements. 7 Cheap Stocks with Growing Tailwinds A Closer Look at NXTD Stock The first thing to know is that NXTD stock can be classified as a penny stock, which is defined by the U.S. Securities and Exchange Commission (SEC) as a stock that trades under $5 per share. Penny stocks can be volatile, so I do not recommend making this stock a large portion of your portfolio. A small position might be appropriate, though. For much of 2020, NXTD stock traded under 50 cents per share. It rebounded in December, however, and the stock ended the year at around $1.60. In 2021, February and March ended up giving Nxt-ID’s shareholders a wild roller-coaster ride. It was a real pop-and-drop scenario as the stock rallied to a 52-week high of $3.44 on Feb. 17, only to fall back to $1.32 by March 4. Yesterday NXTD stock closed at $1.38. Could another quick pop be right around the corner? Maybe, but caution is advised as there’s another possibility that prospective investors should be aware of. The De-listing Threat When a stock is listed on a well-regarded exchange such as the Nasdaq, typically it would be bad news for its shareholders if the stock was de-listed. NXTD stock is currently listed on the Nasdaq, but there’s no guarantee that it will always stay there. Nasdaq has a rule called Listing Rule 5550(a)(2), which requires securities listed on the exchange to maintain a minimum bid price of $1 per share. As revealed in a Securities and Exchange Commission (SEC) filing, Nasdaq notified Nxt-ID that, “based on the previous 30 consecutive business days, the Company’s listed security no longer met the minimum $1 bid price per share requirement.” Without a doubt, the company’s shareholders must have been relieved to learn that on Jan. 4, 2021, Nxt-ID received confirmation from Nasdaq that the company had regained compliance with Nasdaq’s bid-price requirement and that “the matter is now closed.” And so, the de-listing threat is in the rear-view mirror, but, given the company’s current share price, it may not stay there permanently. Some Good News In other words, it’s possible that the share price could fall below $1 again, triggering another de-listing warning from Nasdaq. To balance this out, I’d like to offer up some good news. Namely, Nxt-ID reportedly improved its capital position by significantly reducing its debt. More specifically, Nxt-ID made a prepayment of roughly $5 million on the principal of the company’s senior secured debt. With that, Nxt-ID reduced the outstanding principal amount of the debt to around $5.7 million. That’s not exactly cutting the principal in half, but it’s fairly close. Nxt-ID CEO Vincent S. Miceli asserted that this debt reduction would save his company around $700,000 of interest costs annually. So the prepayment should further bolster Nxt-ID’s overall capital position. The Bottom Line I purposely presented a mix of good and less-than-good news in order to provide a balanced outlook of Nxt-ID. What’s undeniable is that NXTD stock is a fast mover in both directions. As a result, caution is the most appropriate tone when considering an investment in this stock. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post Nxt-ID’s Debt Reduction Is Encouraging, but Tread Carefully With NXTD Stock appeared first on InvestorPlace.

  • NXT-ID Reduces Term Debt by $5.0 Million
    GlobeNewswire

    NXT-ID Reduces Term Debt by $5.0 Million

    Oxford, Connecticut, Feb. 09, 2021 (GLOBE NEWSWIRE) -- NXT-ID, Inc. (“NXTD” or the “Company”) (NASDAQ: NXTD), a provider of healthcare devices and services, announced today it has made a prepayment of approximately $5.0 million in principal of its senior secured debt. As a result of this prepayment, the Company reduced the outstanding principal amount to approximately $5.7 million. Commented Vincent S. Miceli, CEO of NXTD: “I’m pleased to report that we have nearly halved our debt load so early into 2021. The reduction in our debt will save us approximately $700,000 in interest costs annually. That savings will enable us to invest more capital in our business and will play a key role in our continued ability to weather the COVID storm and better position us to get our new products to market quicker and open up new distribution channels as we have indicated in our previous shareholder updates.” Miceli further commented that de-levering the Term Debt is and has been a key objective for the Company and this significant prepayment reflects our continued commitment to building shareholder value. To date, the Company has repaid approximately $10.7 mil or 65% of its Term Loan from inception. About Nxt-ID, Inc. Nxt-ID, Inc. (NASDAQ: NXTD) provides technology products and services for healthcare applications. The Company has extensive experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies. Through its subsidiary, LogicMark LLC, Nxt-ID, Inc. is a manufacturer and distributor of non-monitored and monitored personal emergency response systems sold through dealers/distributors and the United States Department of Veterans Affairs. Learn more about Nxt-ID at www.nxt-id.com. For Nxt-ID, Inc. corporate information contact: info@nxt-id.com Forward-Looking Statements for Nxt-ID: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. Media Contact: Vincent S. Miceliinvestors@nxt-id.com

  • GlobeNewswire

    Nxt-ID, Inc. Provides a General Update on the Status of its Business

    Oxford, Connecticut, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Nxt-ID, Inc. (NASDAQ: NXTD) (the “Company,” “we,” or “our”), a provider of healthcare devices and services, provides a general update on the status of its business. Commented Vincent S. Miceli, CEO: “As the Company enters into 2021, I would like to begin providing the shareholders of Nxt-ID, Inc. with more frequent updates on the current status of the business and the progress that we are making as it relates to our new product initiatives. The intention of these updates will be to provide supplemental information to our shareholders and these updates will be in addition to our SEC communications and the quarterly investor conference calls that we have to discuss the Company’s operating results.” Revenues for the month of December 2020 and January 2021 thus far are beginning to show some improvement over the average monthly revenues for the April through November 2020 timeframe. While it is too premature to declare that the COVID-19 impact on the business is behind the Company, there are some positive trends to report: Certain VA Hospitals and clinics are beginning to place orders in line with pre-COVID-19 practices and purchasing patterns. We are beginning to see some more bulk ordering from certain of the VA hospitals and we are also seeing some of the hospitals increasing their respective staffing levels.The Company has rolled out its new 4G version of the Guardian Alert Plus and the product has been well received. The Company believes that the 4G version of the Guardian Alert is the best value proposition available for the VA Hospitals and clinics.The Company recently submitted its GSA application with the U.S. government. We expect to receive a contract by the end of the first quarter of 2021.The WiFi product is progressing as anticipated. We will commence final field testing in late January 2021 and we are on track for a June 2021 product launch.The Company is also in the process of redesigning its websites for both Nxt-ID, Inc. and LogicMark with a primary focus on product exposure and brand awareness and our goal is to begin generating retail sales of our products off of the websites.The Company continues to work very hard to achieve financial stability in this very difficult time. Our December offering was very successful and provided the Company with funding that will now enable the Company to hire new personnel in sales and marketing and will also allow the Company to reinstitute an advertising and marketing campaign focused on product awareness and brand recognition. Concluded Miceli: Thank you to all of our shareholders for their continued support and we look forward to providing you with additional commentary and periodic status updates on the business as we move forward into 2021. About Nxt-ID, Inc. Nxt-ID, Inc. (NASDAQ: NXTD) provides technology products and services for healthcare applications. The Company has extensive experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies. Through its subsidiary, LogicMark LLC, Nxt-ID, Inc. is a manufacturer and distributor of non-monitored and monitored personal emergency response systems sold through dealers/distributors and the United States Department of Veterans Affairs. Learn more about Nxt-ID at www.nxt-id.com. For Nxt-ID, Inc. corporate information contact: info@nxt-id.com Forward-Looking Statements for Nxt-ID: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company's business strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. Media Contact: Vincent S. Miceli investors@nxt-id.com