Does T Stamp Inc. (IDAI) offer a good opportunity for investors?

T Stamp Inc. (NASDAQ: IDAI) stock jumped 47.92% on Monday to $0.96 against a previous-day closing price of $0.65. With 20.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.34 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.7400 whereas the lowest price it dropped to was $0.6700. The 52-week range on IDAI shows that it touched its highest point at $8.05 and its lowest point at $0.40 during that stretch. It currently has a 1-year price target of $2.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IDAI was up-trending over the past week, with a rise of 39.11%, but this was up by 95.80% over a month. Three-month performance surged to 0.06% while six-month performance fell -31.18%. The stock lost -80.80% in the past year, while it has gained 99.54% so far this year. A look at the trailing 12-month EPS for IDAI yields -0.43 with Next year EPS estimates of -0.17. For the next quarter, that number is -0.04. This implies an EPS growth rate of 15.20% for this year and 46.90% for next year.

Float and Shares Shorts:

At present, 23.47 million IDAI shares are outstanding with a float of 15.44 million shares on hand for trading. On Dec 29, 2022, short shares totaled 8840.0, which was 0.04% higher than short shares on Nov 29, 2022. In addition to Mr. David P. Story as the firm’s Exec. Chairman, Mr. Gareth N. Genner serves as its Co-Founder, CEO & Exec. Director.

Institutional Ownership:

Through their ownership of 5.48% of IDAI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.74% of IDAI, in contrast to 26.17% held by mutual funds. Shares owned by individuals account for 0.72%. As the largest shareholder in IDAI with 4.02% of the stake, Armistice Capital LLC holds 975,000 shares worth 975,000. A second-largest stockholder of IDAI, Millennium Management LLC, holds 113,928 shares, controlling over 0.47% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in IDAI, holding 72,652 shares or 0.30% stake. With a 0.30% stake in IDAI, the Fidelity Extended Market Index Fu is the largest stakeholder. A total of 72,538 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 0.30% of IDAI stock, is the second-largest Mutual Fund holder. It holds 71,835 shares valued at 34553.0. iShares Tr. – Micro Cap ETF holds 0.11% of the stake in IDAI, owning 27,435 shares worth 13196.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, IDAI reported revenue of $708.29k and operating income of -$2.94M. The EBITDA in the recently reported quarter was -$2.76M and diluted EPS was -$0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IDAI since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IDAI analysts setting a high price target of $2.50 and a low target of $2.50, the average target price over the next 12 months is $2.50. Based on these targets, IDAI could surge 160.42% to reach the target high and rise by 160.42% to reach the target low. Reaching the average price target will result in a growth of 160.42% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.32 being high and -$0.32 being low. For IDAI, this leads to a yearly average estimate of -$0.32. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.11.

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