Nxt-ID, Inc Shareholders Approve Both Reverse Stock Split Proposals
In the same quarter last year, Nxt-ID’s earnings per share (EPS) was $0. Nxt-ID is expected to release next earnings on -, with an earnings per share (EPS) estimate of $0. With that in mind, here’s what potential NXTD investors need to know about the company. The name change emphasizes the company’s commitment to modernizing remote monitoring to help people stay safe and live independently longer. The PERS market is expected to grow 7.5% by 2025 according to a recent study. One in five Americans is expected to be over the age of 65 by 2030, according to the United States Census bureau.
The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The EBITDA is a measure of a Nxt-ID’s overall financial performance and is widely used to measure a its profitability. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Provides a general description of the business conducted by this company.
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Nxt-ID, Inc. provides technology products and services for healthcare applications that enable the Internet of Things (IoT). It operates business in one segment-hardware and software security systems and applications. The firm develops and markets solutions for payment and IoT applications. The company was founded by Gino Miguel Pereira and David Charles Tunnell on February 8, 2012 and is headquartered Oxford, CT.
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Nxt-ID shares (NXTD.US) are listed on the NASDAQ and all prices are listed in US dollars. Nxt-ID employs 19 staff and has a market cap (total outstanding shares value) of $21.5 million. Nxt-ID shares reverse split before market open on Monday, October 18th 2021. The number of shares owned by shareholders was adjusted after the market closes on Monday, October 18th 2021. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.
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LOUISVILLE, Ky., March 1, 2022 /PRNewswire/ — NXT-ID, Inc. announced today a name change to LogicMark, Inc. LogicMark was a company acquired by NXT-ID in 2016 and brought with it innovations in the personal emergency response systems (PERS) space. Shares will begin trading under the symbol LGMK on the Nasdaq Stock Market on March 2, 2022. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day.
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While these short squeezes can be a quick way to pocket some profits, they don’t last long. Investors can expect to see the shares fall after it’s done and someone has to be left holding the bag. To date, LogicMark has supplied more than half a million PERS devices to seniors, veterans and loved ones–providing them with the confidence to live confidently and independently at home for as long as possible. The company provides these devices to U.S. veterans at no charge through the Veterans Health Administration Medical Centers and outpatient clinics. The U.S. government awarded LogicMark a GSA contract in July 2021, enabling the company to partner with federal, state and local governments to widen the distribution of its products. « Care technology has always been at the heart of this company and is the future of developing our Caring-Platform-as-a-Service (CPaaS), » said Chia-Lin Simmons, CEO of LogicMark.
Instead, it looks like we have retail investors to thank for the boost to NXTD stock. Chatter on social media points to a short squeeze of the shares as traders take advantage of a low float and cheap entry price. Finder monitors pep 8 style guide for python code and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider.
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LogicMark revolutionized the PERS industry by incorporating two-way voice communication technology directly into its medical alert pendant and providing this life-saving technology at a price point that everyday consumers could afford. LogicMark’s PERS technologies are sold through the United States Veterans Health Administration and dealers/distributors. General Services Administration that enables the company to distribute its products to federal, state and local governments.