Hot Stock’s Alert: Nxt-ID Inc (NASDAQ: NXTD)

The Dow Jones Industrial Average was set to breach 25,000-mark for the first time on Thursday, close on the heels of records for the other major indexes earlier this week, as strong U.S. private hiring data added to investor optimism.

Dow futures were trading 23 points short of the milestone. The blue-chip index crossed 20,000 in early 2017, spurred by President Donald Trump’s pro-growth agenda.

“We’re going through these milestone numbers more quickly but they have been steady and positive,” said Aaron Anderson, senior vice president of research at Fisher Investments.

The ADP National Employment Report showed that U.S. private employers added 250,000 jobs in December, marking the biggest monthly increase since March, and much above the 190,000 job additions forecast by economists polled by Reuters.

A more comprehensive non-farm payrolls report on Friday is expected to show the economy added 190,000 jobs in December, down from the 228,000 additions in November.

“Economic data tomorrow is not going to be tremendously spectacular, but what we’re seeing is very positive growth, a good economic backdrop that gives people more confidence in corporate earnings,” Anderson said.

World stocks hit records on Thursday, driven by strong manufacturing and services sector data in major economies and the Federal Reserve affirming its view of gradual interest rate hikes this year.

At 8:29 a.m. ET (1329 GMT), Dow e-minis were up 100 points, or 0.4 percent, with 21,967 contracts changing hands.

S&P 500 e-minis were up 7.5 points, or 0.28 percent, with 125,598 contracts traded.

Nasdaq 100 e-minis were up 30.75 points, or 0.47 percent, on volume of 27,579 contracts.

The S&P closed above 2,700 for the first time on Wednesday and the Nasdaq settled above 7,000 a day earlier. (Source: Reuters)

Stock in Focus: Nxt-ID, Inc. (NASDAQ: NXTD)

Nxt-ID, Inc. (NASDAQ: NXTD) has grabbed attention from the analysts when it experienced a change of 2.59% in the current trading session to trade at $3.57. A total of 829,523 shares exchanged hands during the intra-day trade contrast with its average trading volume of 3.74M shares, while its relative volume stands at 1.70. Relative volume is the comparison of current volume to average volume for the same time of day, and it’s displayed as a ratio. If RVOL is less than 1 it is not In Play on this trading day and Investors may decide not to trade it.  If RVOL is above 2 it is In Play and this is more evidence Investors ought to be in the name.  When stocks are *very* In Play one can see a RVOL of 5 and above.  The higher the RVOL the more In Play the stock is.

Day traders strive to make money by exploiting minute price movements in individual assets (usually stocks, though currencies, futures, and options are traded as well), usually leveraging large amounts of capital to do so, therefore they trade on Stocks in Play. In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday. Most company stocks have very little volatility. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best.

In deciding what to focus on – in a stock, say – a typical day trader looks for three things: liquidity, volatility and trading volume. Liquidity allows an investor to enter and exit a stock at a good price (i.e. tight spreads, or the difference between the bid and ask price of a stock, and low slippage, or the difference between the predictable price of a trade and the actual price). If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. This is a problem for day traders and it could mean the difference between a profitable and non-profitable trade.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000.

Trading volume is a gauge of how many times a stock is bought and sold in a given time period (most commonly, within a day of trading, known as the average daily trading volume – ADTV). A high degree of volume indicates a lot of interest in a stock. Often, a boost in the volume of a stock is a harbinger of a price jump, either up or down.

Volatility is simply a measure of the predictable daily price range—the range in which a day trader operates. More volatility means greater profit or loss. After a recent check, Nxt-ID, Inc. (NASDAQ: NXTD) stock is found to be 14.89% volatile for the week, while 23.77% volatility is recorded for the month.

NXT-ID, Inc. a provider of payment, credential management, and authentication platform services and Fit Pay, Inc., its wholly owned partner, will be participating the Pepcom Digital Experience! media event on Monday, January 8, 2018, at The Mirage Hotel & Casino in Las Vegas, Nevada from 7:00 to 10:30 pm.

Digital Experience!® is the annual Pepcom media event held in January on the eve of the Consumer Electronics Show® in Las Vegas. This is the single most popular showcase – with exhibitors and press alike – and the leading media event at the show. Digital Experience! is an independent event and not associated with the show or the Consumer Technology Association.

NXT-ID, Inc. and Fit Pay, Inc. will demo the FitPay Payment Platform™, the company’s proprietary technology platform that adds contactless payment capabilities to wearable and IoT devices. FitPay recently declared that Garmin Pay™, a contactless payment capability on the Garmin vívoactive 3 smartwatch that is powered by the FitPay Platform, is now live.

Management will also highlight with attending media its declared strategy to extend the FitPay Payment Platform to cryptocurrency holders.

On December 20th, Fit Pay, Inc. and Cascade Financial Technology Corp declared a contract for the joint development of a platform that gives cryptocurrency holders the ability to use the value of their currency to make purchases at millions of retail locations worldwide. The new platform will enable devices with stored value exchanged from cryptocurrency to be used for traditional payment transactions.

The joint development of the cryptocurrency platform by FitPay and Cascade FinTech is predictable to launch in early 2018.

Technical’s Snapshot:

The stock has a market cap of $64.83M and the number of outstanding shares has been calculated 18.63M. Based on a recent bid, its distance from 20 days simple moving average is 42.71%, and its distance from 50 days simple moving average is 86.45% while it has a distance of 95.80% from the 200 days simple moving average. The company’s distance from 52-week high price is -58.44% and the current price is 253.47% away from 52-week low price. The company has Relative Strength Index (RSI 14) of 61.83 together with Average True Range (ATR 14) of 0.73.

Stock’s Valuation:

Past 5 years growth of NXTD observed at N/A, and for the next five years the analysts that follow this company is expecting its growth at N/A. The stock’s price to sales ratio for trailing twelve months is 2.77 and price to book ratio for the most recent quarter is 7.57, whereas price to cash per share for the most recent quarter are 129.66. Its quick ratio for the most recent quarter is 0.30. Analysts mean recommendation for the stock is 2.00. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

Disclaimer: Any news, report, research, and analysis published on are only for information purposes. Alpha Beta Stock (ABS) makes sure to keep the information up to date and correct, but we didn’t suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. Information in this release is fact checked and produced by competent editors of Alpha Beta Stock; however, human error can exist.

Donald S. Wiggins

Donald S. Wiggins is passionate about business and finance news with over 5 years in the industry starting as a writer working his way up into senior positions. He is the driving force behind with a vision to broaden the company’s readership throughout 2016. Wiggins is an editor and reporter of “Services” Category. Email:

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