authID (NASDAQ:AUID) Stock Price Up 5.6% - What's Next?

Key Points

• authID Inc. shares rose 5.6% during trading, reaching a high of $4.09 before closing at $3.99.
• The company's market cap is $53.63 million, with a negative earnings per share of ($0.40) and a significant negative net margin of 1,518.05%.
• Institutional investors own 8.83% of authID's stock, with several firms recently increasing their stakes in the company.

Shares of authID Inc. (NASDAQ:AUID - Get Free Report) traded up 5.6% during mid-day trading on Monday . The stock traded as high as $4.09 and last traded at $3.99. 100,209 shares were traded during trading, an increase of 18% from the average session volume of 85,195 shares. The stock had previously closed at $3.78.

authID Stock Performance

The firm has a fifty day simple moving average of $4.73 and a 200-day simple moving average of $5.63. The company has a market capitalization of $51.00 million, a PE ratio of -2.46 and a beta of 1.69.

authID (NASDAQ:AUID - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.40) earnings per share (EPS) for the quarter. authID had a negative return on equity of 117.29% and a negative net margin of 1,518.05%.

Institutional Investors Weigh In On authID

Several hedge funds and other institutional investors have recently bought and sold shares of AUID. Wealthspire Advisors LLC increased its holdings in authID by 1,717.0% during the 1st quarter. Wealthspire Advisors LLC now owns 542,693 shares of the company's stock worth $2,632,000 after purchasing an additional 512,826 shares during the last quarter. Scoggin Management LP increased its holdings in shares of authID by 42.5% in the 1st quarter. Scoggin Management LP now owns 249,388 shares of the company's stock valued at $1,210,000 after acquiring an additional 74,388 shares during the last quarter. Private Wealth Asset Management LLC bought a new stake in shares of authID in the 2nd quarter valued at approximately $138,000. Comerica Bank increased its holdings in shares of authID by 58.2% in the 4th quarter. Comerica Bank now owns 17,127 shares of the company's stock valued at $103,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of authID by 25.8% in the 4th quarter. Northern Trust Corp now owns 13,036 shares of the company's stock valued at $78,000 after acquiring an additional 2,675 shares during the last quarter. 8.83% of the stock is currently owned by hedge funds and other institutional investors.

About authID

authID Inc provides secure, biometric, identity verification, and strong passwordless and biometric authentication for consumer and workforce applications worldwide. The company offers solutions through its Verified platform to enable their users to easily verify and authenticate their identity through a mobile device or desktop.