authID (NASDAQ:AUID) Stock Price Down 3.6% – Should You Sell?

authID Inc. (NASDAQ:AUID)’s stock price fell 3.6% on Friday . The stock traded as low as $0.4608 and last traded at $0.47. 333,961 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 283,112 shares. The stock had previously closed at $0.4874.

authID Trading Down 3.6%

The firm has a market cap of $7.86 million, a price-to-earnings ratio of -0.38 and a beta of 1.61. The stock’s fifty day moving average price is $0.87 and its 200-day moving average price is $1.19.

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

Institutional Investors Weigh In On authID

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of authID by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after purchasing an additional 25,822 shares during the last quarter. Scoggin Management LP increased its position in shares of authID by 60.4% during the 2nd quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock worth $2,116,000 after purchasing an additional 150,612 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in shares of authID during the 2nd quarter worth about $375,000. Corient Private Wealth LLC raised its holdings in authID by 207.7% in the 4th quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock valued at $140,000 after buying an additional 108,000 shares during the period. Finally, Geode Capital Management LLC raised its holdings in authID by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock valued at $121,000 after buying an additional 13,087 shares during the period. Hedge funds and other institutional investors own 8.83% of the company’s stock.

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.