T Stamp (NASDAQ:IDAI) Shares Down 11% – Time to Sell?

T Stamp Inc. (NASDAQ:IDAI)’s stock price was down 11% during mid-day trading on Tuesday . The stock traded as low as $2.55 and last traded at $2.68. Approximately 615,620 shares traded hands during trading, an increase of 182% from the average daily volume of 218,429 shares. The stock had previously closed at $3.01.

T Stamp Price Performance

The firm has a 50 day moving average of $5.73 and a 200-day moving average of $4.97. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.18. The company has a market cap of $5.90 million, a P/E ratio of -0.20 and a beta of 0.29.

Hedge Funds Weigh In On T Stamp

A hedge fund recently raised its stake in T Stamp stock. Jane Street Group LLC boosted its position in shares of T Stamp Inc. (NASDAQ:IDAI) by 156.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,288 shares of the company’s stock after buying an additional 23,348 shares during the period. Jane Street Group LLC owned approximately 1.74% of T Stamp worth $34,000 as of its most recent SEC filing. Institutional investors and hedge funds own 16.34% of the company’s stock.

T Stamp Company Profile

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.