Did You Manage To Avoid Nxt-ID's (NASDAQ:NXTD) 98% Share Price Wipe Out?




  • In Business
  • 2019-06-12 19:30:32Z
  • By Simply Wall St.
 

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Long term investing works well, but it doesn't always work for each individual stock. It hits us in the gut when we see fellow investors suffer a loss. Anyone who held Nxt-ID, Inc. (NASDAQ:NXTD) for five years would be nursing their metaphorical wounds since the share price dropped 98% in that time. And it's not just long term holders hurting, because the stock is down 63% in the last year. Shareholders have had an even rougher run lately, with the share price down 34% in the last 90 days.

While a drop like that is definitely a body blow, money isn't as important as health and happiness.

See our latest analysis for Nxt-ID

Because Nxt-ID is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. When a company doesn't make profits, we'd generally expect to see good revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.


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