NXT-ID Earns Buy Rating from Analysts at Benchmark Co. (NXTD)
Research analysts at Benchmark Co. assumed coverage on shares of NXT-ID (NASDAQ:NXTD) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $6.00 price target on the stock. Benchmark Co.’s target price points to a potential upside of 99.34% from the stock’s previous close..
Shares of NXT-ID (NASDAQ:NXTD) traded up 10.96% during mid-day trading on Thursday, hitting $3.34. 1,070,615 shares of the company’s stock traded hands. NXT-ID has a 52-week low of $1.36 and a 52-week high of $7.25. The stock has a 50-day moving average of $3.02 and a 200-day moving average of $3.70. The company’s market cap is $80.7 million.
Separately, analysts at Northland Securities initiated coverage on shares of NXT-ID in a research note on Tuesday, September 30th. They set an “outperform” rating and a $6.00 price target on the stock.