T Stamp (NASDAQ:IDAI) Announces Quarterly Earnings Results

T Stamp (NASDAQ:IDAIGet Free Report) released its earnings results on Thursday. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.14), FiscalAI reports. The firm had revenue of $0.90 million during the quarter, compared to analysts’ expectations of $0.90 million. T Stamp had a negative return on equity of 125.35% and a negative net margin of 272.78%.

T Stamp Stock Performance

Shares of T Stamp stock traded down $0.05 during trading hours on Friday, reaching $2.44. The company had a trading volume of 38,354 shares, compared to its average volume of 37,644. The company has a debt-to-equity ratio of 0.15, a current ratio of 5.28 and a quick ratio of 5.28. T Stamp has a one year low of $1.17 and a one year high of $5.28. The firm has a market cap of $13.66 million, a PE ratio of -1.21 and a beta of 0.70. The business has a fifty day simple moving average of $2.19 and a 200 day simple moving average of $2.45.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised T Stamp to a “hold” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, T Stamp presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

View Our Latest Research Report on T Stamp

Institutional Investors Weigh In On T Stamp

Several hedge funds and other institutional investors have recently modified their holdings of IDAI. Geode Capital Management LLC boosted its position in shares of T Stamp by 67.7% in the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock valued at $127,000 after acquiring an additional 13,125 shares during the period. Jane Street Group LLC bought a new position in shares of T Stamp in the fourth quarter worth $220,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of T Stamp in the fourth quarter worth $204,000. 16.34% of the stock is currently owned by institutional investors.

T Stamp Company Profile

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T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.

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Earnings History for T Stamp (NASDAQ:IDAI)

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