authID (NASDAQ:AUID) Stock Price Down 3.6% – Time to Sell?

authID Inc. (NASDAQ:AUID) fell 3.6% on Friday . The stock traded as low as $0.4608 and last traded at $0.47. Approximately 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 Stock Down 3.6%

The company has a market capitalization of $7.86 million, a P/E ratio of -0.38 and a beta of 1.61. The business has a 50 day simple moving average of $0.87 and a 200-day simple moving average of $1.19.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in authID by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock worth $1,443,000 after purchasing an additional 25,822 shares during the last quarter. Scoggin Management LP raised its holdings in shares of authID by 60.4% during the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after buying an additional 150,612 shares during the last quarter. Allied Private Wealth LLC acquired a new position in shares of authID during the second quarter worth approximately $375,000. Corient Private Wealth LLC boosted its position in shares of authID by 207.7% during the fourth quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock worth $140,000 after buying an additional 108,000 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of authID by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock worth $121,000 after buying an additional 13,087 shares during the period. 8.83% of the stock is owned by institutional investors and hedge funds.

About authID

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.