HC Wainwright & Co. maintained its Intellicheck [IDN] rating to the equivalent of Buy but changed the price target to $18.0 from $12, in a research note dated 2021-01-11. That figure represents around a 53.98% premium from where the company’s shares closed on Friday. Some new analysts also started their coverage, with H.C. Wainwright’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in early November. In addition, B. Riley FBR launched coverage on October 18, 2019. The research firm rated IDN “a Buy”.
Is Intellicheck Inc. [NASDAQ:IDN] a Good Buy Right Now?
It should be noted that IDN technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 96% Buy in the past month. Data from Intellicheck Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.23 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.2 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.16 million shares.
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IDN Price Performance
On Wall Street, Intellicheck Inc. [NASDAQ:IDN] finished Friday’s session down -2.34% at $11.69. The stock went up to $12.16 at the same session while its lowest single day price was $11.14. In the last five days, it saw a rise of about 2.50%, Intellicheck Inc. shares gained by almost 2.50% since the beginning of the year. However, the share price has dropped to as low as -8.03% below its one year high. On 01/06/21, the company shares recorded $12.71, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $10.75. The company’s shares have inclined by 32.84% in the past year. The 50-day SMA achieved is $9.87 while the 200-day SMA is $7.40. Volume dropped to 0.21 million from 0.24 million in the previous session.
IDN Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 11.17 level, and in case of violation of this particular level, it will cause more drop to 10.64 level. On the upper level, 12.68 is still the key resistance. The stock may increase to the subsequent resistance at 12.19. The Relative Strength Index (RSI) pinned on the 14-day chart is 65.25, implying a neutral technical stance while the MACD stands at 0.93, meaning price will decrease in the next trading period. Percent R indicator moved to 31.78%, implying low price movement. Stochastic %K at 76.76% suggest selling the stock.
What is the short interest in Intellicheck Inc.?
Short interest in the Intellicheck Inc. stock has surged, increasing by 0.19 million shares to total 0.37 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.56 million, data from Yahoo Finance shows. The decrease of -50.02% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.46% of the overall float for the stock.
Intellicheck Inc.’s Biggest Shareholders: Who Owns Intellicheck Inc. [IDN]?
Filings by Bleichroeder LP showed that the firm now holds a total of 2,228,678 shares or roughly 12.11% of the outstanding IDN shares. This means their shares have reduced by -509,636 from the 2,228,678 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Clear Harbor Asset Management LLC updated stake is worth $14,696,357. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 4.12% stake valued at $7,101,981 while The Vanguard Group, Inc. cut theirs at $6,484,450. During the last quarter, BlackRock Fund Advisors raised 28,629 of its shares in Intellicheck Inc. while The Vanguard Group, Inc. sold -1,253 shares. The Heartland Advisors, Inc.’s holdings currently number 500,000 shares at $5845000.0. According to the firm’s last 13F report, Herald Investment Management Ltd. shares in the company at filing stood at 372,700 shares, roughly $3,659,914.
IDN Earnings Forecast For The Current Quarter
Intellicheck Inc. [IDN] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $3.33M and an earnings per share of $0.02 for Dec 2020. Looking further ahead, the company is expected to report revenue of $3.49M at an EPS of $0.02 for Mar 2021. The estimates represent upside of 55.80% and 1250.00% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
IDN Earnings Estimates For The Current Year
For the financial year, Intellicheck Inc. [NASDAQ:IDN] is expected to bring in revenue of $10.99M. The returns are nearly $3.33 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.02, higher than that of FY19 by $0.14. Estimates put this year’s earnings growth at 87.50%, 1,250.00% for the next, and at an annual 10.00% over the next 5-year period. As for sales, forecasts are for an increase of 43.40% in the current fiscal year and a further 55.80% over the following year.