Thursday, May 13, 2021

Can Nxt-ID, Inc. (NXTD) Stock Continue Clinging to Nasdaq Compliance?

Nxt-ID, Inc. (NXTD) stock prices are down 8.77% as of April 15th, 2021, coming to a rest at USD$1.04 as of the market close. With stock prices having displayed the typical volatility associated with penny stocks, investors are keeping a close eye on NXTD.


5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored



What is Nxt-ID?

The provider of tech products and services for healthcare applications is centered primarily around the sales of personal emergency response systems through its subsidiary, LogicMark. They regained compliance with Nasdaq’s minimum bid price requirement of shares being valued at more than USD$1.00, for a consecutive time period, in early January 2021.

Volatility of NXTD Stock Prices


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


With NXTD stock prices inching closer towards the USD$1.00 mark, there are concerns about the possibility of the stock being delisted. NXTD had been traded for less than USD$0.50 a share for the bulk of 2020; before it rebounded in December 2020, ending the year at a much more promising USD$1.60. NXTD stock prices went on to hit a 52-week high of USD$3.44 on Feb 17th, 2021, only to slump back down to USD$1.32 by March 4th, 2021.

Debt Reduction

Most recently, however, NXTD announced on February 9th, 2021 that it had paid off USD$5 million of its senior secured debt in principal. The outstanding principal amount now sits at a less daunting USD$5.7 million. This reduction translates into an annual saving of USD$700,000 in costs of interest accrued. This, in turn, means NXTD has more capital at their disposal to invest into the business. This is especially important given how devastating the effects of the pandemic have hitherto been.

Future Plans

In their highly successful December 2020 offering, NXTD saw an influx of capital that could help it achieve greater financial stability in the midst of the pandemic. NXTD plans on expanding its roster of employees in sales and marketing, as well as raising product awareness and establishing brand recognition via the reintroduction of an extensive advertising and marketing campaign.

Can NXTD Avoid Delisting?

Despite NXTD stock’s volatility and proximity to the cutoff share price as per Nasdaq regulations, NXTD has still offered promising developments. The CEO has a hopeful outlook for 2021, which investors share with a healthy dash of caution.

Latest news

What is behind the fall of Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock?

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a growth oil and gas exploration company specializing in the acquisition and development of highly profitable domestic oil...

Eros STX Global Corporation (ESGC) stock is declining: Here is the reason why?

Eros STX Global Corporation (NYSE ESGC) a global multinational media company that acquires, produces, and distributes films, television shows, and digital content issued its...

Yum China Holdings Inc. (YUMC): The Most Important Numbers You Should Know

Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for...

Why shares of Akerna Corp. (KERN) stock are up today?

Akerna (KERN), a cannabis technology company focusing to connect data points in the global cannabis supply chain and developer of the cannabis industry's first...

Related news

What is behind the fall of Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock?

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a growth oil and gas exploration company specializing in the acquisition and development of highly profitable domestic oil...

Eros STX Global Corporation (ESGC) stock is declining: Here is the reason why?

Eros STX Global Corporation (NYSE ESGC) a global multinational media company that acquires, produces, and distributes films, television shows, and digital content issued its...

Yum China Holdings Inc. (YUMC): The Most Important Numbers You Should Know

Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for...

Why shares of Akerna Corp. (KERN) stock are up today?

Akerna (KERN), a cannabis technology company focusing to connect data points in the global cannabis supply chain and developer of the cannabis industry's first...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.