Instead, it looks like we have retail investors to thank for the boost to NXTD stock. Chatter on social media points to a short squeeze of the shares as traders take advantage of a low float and cheap entry price. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider.
The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The a beginner’s guide to forex trading strategies EBITDA is a measure of a Nxt-ID’s overall financial performance and is widely used to measure a its profitability. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Provides a general description of the business conducted by this company.
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While these short squeezes can be a quick way to pocket some profits, they don’t last long. Investors can expect to see the shares fall after it’s done and someone has to be left holding the bag. To date, LogicMark has supplied more than half a million PERS devices to seniors, veterans and loved ones–providing them with the confidence to live confidently and independently at home for as long as possible. The company provides these devices to U.S. veterans at no charge through the Veterans Health Administration Medical Centers and outpatient clinics. The U.S. government awarded LogicMark a GSA contract in July 2021, enabling the company to partner with federal, state and local governments to widen the distribution of its products. “Care technology has always been at the heart of this company and is the future of developing our Caring-Platform-as-a-Service (CPaaS),” said Chia-Lin Simmons, CEO of LogicMark.
Nxt-ID shares (NXTD.US) are listed on the NASDAQ and all prices are listed in US dollars. Nxt-ID employs 19 staff and has a market cap (total outstanding shares value) of $21.5 million. Nxt-ID shares reverse split before market open on Monday, October 18th 2021. The number of shares owned by shareholders was adjusted after the market closes on Monday, October 18th 2021. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.
Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
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- The monthly returns are then compounded to arrive at the annual return.
- With that in mind, here’s what potential NXTD investors need to know about the company.
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LogicMark revolutionized the PERS industry by incorporating two-way voice communication technology directly into its medical alert pendant and providing this life-saving technology at a price point that everyday consumers could afford. LogicMark’s PERS technologies are sold through the United States Veterans Health Administration and dealers/distributors. General Services Administration that enables the company to distribute its products to federal, state and local governments.
There are multiple ways to fund your Public account—from linking a bank account to making a deposit with a debit card or wire transfer. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
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That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Such forward-looking statements reflect LogicMark’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding LogicMark’s successful execution of its business strategy. Nxt-ID is a health care equipment & supplies business based in the US.
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In the same quarter last year, Nxt-ID’s earnings per share (EPS) was $0. Nxt-ID is expected to release next earnings on -, with an earnings per share (EPS) estimate of $0. With that in mind, here’s what potential NXTD investors need to know about the company. The name change emphasizes the company’s review narrative and numbers commitment to modernizing remote monitoring to help people stay safe and live independently longer. The PERS market is expected to grow 7.5% by 2025 according to a recent study. One in five Americans is expected to be over the age of 65 by 2030, according to the United States Census bureau.
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That’s already well above the company’s daily average trading volume of 2.3 million shares. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade ifc markets review does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. NXT-ID, Inc. is a development stage technology company that is focused on products, solutions, and services that have a need for biometric secure access control.
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LOUISVILLE, Ky., March 1, 2022 /PRNewswire/ — NXT-ID, Inc. announced today a name change to LogicMark, Inc. LogicMark was a company acquired by NXT-ID in 2016 and brought with it innovations in the personal emergency response systems (PERS) space. Shares will begin trading under the symbol LGMK on the Nasdaq Stock Market on March 2, 2022. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day.
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No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. An indication of interest to purchase securities involves no obligation or commitment of any kind. Nxt-ID, Inc. provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT). It operates business in one segment – hardware and software security systems and applications.
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Nxt-ID, Inc. provides technology products and services for healthcare applications that enable the Internet of Things (IoT). It operates business in one segment-hardware and software security systems and applications. The firm develops and markets solutions for payment and IoT applications. The company was founded by Gino Miguel Pereira and David Charles Tunnell on February 8, 2012 and is headquartered Oxford, CT.
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