Technology Research Alert: AEGIS CAPITAL Initiates Coverage on NXT-ID (NASDAQ:NXTD); Buy Rating with $3.00 Target
Point Roberts WA, NEW YORK, NY – November 16 , 2015 - Investorideas.com, a digital news source covering leading sectors including tech reports technology analyst at Aegis Capital , Ashok Kumar (CFA) , has initiated coverage on Nxt-ID, Inc. (NASDAQ: NXTD) with a buy rating and target price of $3.00. Nxt-ID, Inc. is a biometrics and authentication company focused on the growing m-commerce market with an innovative MobileBio™ suite of biometric solutions that secure mobile platforms.
Read the full news at http://www.investorideas.com/CO/NXT/news/2015/11161.asp
A value-add player in the mobile payment market
Nxt-ID, Inc. (Nxt-ID) is a biometrics and authentication company focused on the
growing m-commerce market with an innovative MobileBio™ suite of biometric
solutions that secure mobile platforms. The Company also serves the access control
and law enforcement facial recognition markets.
Mobile Payments: IDC predicts that mobile payments globally will account for
US$1 trillion in 2017, up from the 2015 figure of just below US$500 billion. The
majority of mobile payments today are related to mobile commerce transactions,
with remote payments being the most widely used. Whereas mobile payments in
North America and Europe are driven largely by systems that are linked to debit and
credit cards, the limited state of card adoption in Asia/Pacific forces potential mobile
payment behavior to shift to usage of bank account–linked mobile wallets.
Positioned in growth markets: Nxt-ID is focused on products, solutions, and
services that have a need for biometric secure access control. Nxt-ID has three distinct
lines of business that they are currently pursuing: mobile commerce; law enforcement
and biometric access control applications.
See the full report here:
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