$4.80 Near Term Price Target with "Buy" given by CapRock Research for NXT-ID, Inc. (NASDAQ: NXTD) issued by Small Cap IR
NEW YORK - January 21, 2015 (Investorideas.com Newswire) Analyst Report Issued by Small Cap IR. In 2011, Nilson Report's annual Global Credit Card Brands report showed that planet-wide, transactions at merchants on the leading payment cards rose to $135.3 billion in 2011, while the total number of credit, debit, and prepaid cards reached 6.54 billion. Eight million credit card users in the U.S. were victims of fraudulent card usage in 2012, and credit and debit card fraud resulted in $11.27 billion in losses. One company addressing credit and debit card fraud prevention is Nxt-ID, Inc.
Nxt-ID, Inc. ( NASDAQ: NXTD and NXTDW) is an early stage technology company focused on providing biometric products, solutions, and services for applications that have a need for biometric secure access control. The company was founded in 2011 and is headquartered in Shelton Connecticut. The company introduced its first commercial product at the 2015 Consumer Electronics Show in Las Vegas, where it was named as one of "11 Hot Products at CES" by Wired.com.
An analyst report on NXTD that includes a company overview, market and competition breakdown, recent events, outlook, analyst summary, valuation, and recommendation can be viewed by using the following link at no cost:
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