authID (NASDAQ:AUID) Stock Price Up 10.1% – Time to Buy?

authID Inc. (NASDAQ:AUID)’s stock price shot up 10.1% during trading on Thursday . The stock traded as high as $1.9429 and last traded at $1.85. 1,100,749 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 17,090,354 shares. The stock had previously closed at $1.68.

authID Stock Performance

The firm has a market cap of $23.93 million, a price-to-earnings ratio of -1.11 and a beta of 1.67. The business’s 50-day moving average is $1.24 and its 200-day moving average is $2.43.

authID (NASDAQ:AUID) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.38) earnings per share for the quarter. authID had a negative return on equity of 180.17% and a negative net margin of 728.89%.The firm had revenue of ($0.11) million for the quarter.

Insider Transactions at authID

In related news, Director Ken Jisser purchased 40,650 shares of authID stock in a transaction that occurred on Tuesday, November 25th. The shares were acquired at an average price of $1.24 per share, for a total transaction of $50,406.00. Following the transaction, the director directly owned 92,125 shares in the company, valued at approximately $114,235. This represents a 78.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen Jeffrey Garchik sold 50,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1.06, for a total transaction of $53,000.00. Following the completion of the sale, the director owned 1,073,563 shares of the company’s stock, valued at $1,137,976.78. The trade was a 4.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On authID

A number of institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new position in authID in the second quarter valued at approximately $77,000. Comerica Bank boosted its position in shares of authID by 11.7% in the 1st quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after purchasing an additional 2,000 shares during the last quarter. Private Wealth Asset Management LLC acquired a new stake in shares of authID during the second quarter worth $138,000. Corient Private Wealth LLC increased its holdings in authID by 136.4% in the second 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, Connective Capital Management LLC acquired a new position in authID in the second quarter valued at about $402,000. 8.83% of the stock is owned by institutional investors.

authID Company Profile

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.