authID (NASDAQ:AUID) Stock Price Up 12.5% – What’s Next?

Shares of authID Inc. (NASDAQ:AUID – Get Free Report) were up 12.5% on Friday . The company traded as high as $0.4149 and last traded at $0.4037. 205,578 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 636,457 shares. The stock had previously closed at $0.3588.

authID Trading Up 12.5%

The company has a market cap of $6.75 million, a P/E ratio of -0.33 and a beta of 1.56. The company has a 50 day moving average price of $0.67 and a 200-day moving average price of $1.06.

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authID (NASDAQ:AUID – Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.29) earnings per share for the quarter. The business had revenue of $0.49 million for the quarter. authID had a negative return on equity of 297.48% and a negative net margin of 934.06%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AUID. Comerica Bank grew its holdings in shares of authID by 11.7% during the 1st quarter. Comerica Bank now owns 19,127 shares of the company’s stock valued at $93,000 after purchasing an additional 2,000 shares during the last quarter. XTX Topco Ltd bought a new position in authID in the 2nd quarter valued at approximately $77,000. Scoggin Management LP lifted its stake in authID by 60.4% in the 2nd quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after purchasing an additional 150,612 shares during the last quarter. Corient Private Wealth LLC lifted its stake in authID by 136.4% in the 2nd quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock valued at $275,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in authID by 6.1% in the third quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after buying an additional 25,822 shares in the last quarter. Institutional investors own 8.83% of the company’s stock.

authID Company Profile

(Get Free Report)

authID (NASDAQ: AUID) is a technology company specializing in digital identity verification and biometric authentication solutions. The company offers a cloud-based platform designed to help organizations securely verify user identities, prevent account takeover and reduce fraud. Leveraging artificial intelligence and machine learning, authID’s software supports biometric modalities including facial recognition, voice verification and liveness detection to ensure that customers are who they claim to be.

The company’s flagship product suite enables enterprises to integrate identity proofing and continuous authentication into their online and mobile applications.

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