LogicMark Inc (LGMK)

[hammerod]

NXT-ID (NXTD) Research Note Update from SoundView; New Funding Keeps Wocket Rolling

Sep 26, 2014 08:35:00 (ET)

BOSTON, Sept. 26, 2014 /PRNewswire/ -- SoundView Technology Group issues a new research note following recent industry developments, recent uplisting to NASDAQ and funding for NXT-ID Wocket smart wallet. NXT-ID, Inc. (NASDAQ:NXTD) is a biometric authentication company focused on the growing mobile commerce market.

We have adjusted our IV model to account for meaningful revenues coming in 2015 rather than late 2014. The impact is to take our 2015 IV from $11.70 to $8.18. If NXT-ID can meet or exceed our 40K unit/$6.9M revenue projection for 2015 then the stock will converge on our 2016 IV estimate of $17.42.


Looks like a to of upside to me. With all the huge volume of late, looks like some big fish thinks so too! GLTA