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Technology Research Alert: AEGIS CAPITAL INITIATES COVERAGE ON NXT-ID (NASDAQ:NXTD); Buy Rating with $3.00 Target

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD)

 

Point Roberts, WA and NEW YORK, NY - November 16, 2015 (Investorideas.com Newswire) 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.

Nxt-ID, Inc.
Rating: Buy
A value-add player in the mobile payment market

Investment Highlights:

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:

http://www.investorideas.com/CO/NXT/Aegis-report-11-15.pdf

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