#Tech News: NXT-ID, Inc. (NASDAQ: $NXTD) Equity Research Update; Alliance Global Partners Maintains Buy Rating and $2 Price Target
Point Roberts, WA - December 12, 2018 (Investorideas.com Newswire) Investorideas.com, a global news source and investor resource covering tech stocks reports A.G.P./Alliance Global Partners has issued an update on NXT-ID, Inc. (NASDAQ: NXTD) following recent news that the Company’s Subsidiary, LogicMark, had launched Notifi911, a new retail PERS product.
Brian Kinstlinger, CFA, A.G.P./Alliance Global Partners
https://www.allianceg.com/
(212) 624-2137,
Update December 12th
https://www.allianceg.com/
(212) 624-2137,
Update December 12th
- We expect one new product release in each of the next three quarters that will help build a larger revenue base and stronger profits in 2019.
- The existing Personal Emergency Response System business has consistently posted 10-15% revenue growth that we believe is sustainable and therefore we argue new products could drive upside to our estimates.
- In addition, we expect management will continue to focus on lowering its cost of capital.
- Maintain our Buy rating and $2 price target.
"We maintain our Buy rating and $2 price target. Our target reflects NXTD's continuing operations for LogicMark and implies an EV/EBITDA multiple of 10x using our 2020 estimate."
Recent company news:
NXT-ID Subsidiary LogicMark Launches Notifi911 Retail PERS Product
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