NextPlay Technologies Inc. (NASDAQ: NXTP): Is It Possible To Be Down -66.31% YTD And Still Lose Money – Marketing Sentinel
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NextPlay Technologies Inc. (NASDAQ: NXTP): Is It Possible To Be Down -66.31% YTD And Still Lose Money

During the last session, NextPlay Technologies Inc. (NASDAQ:NXTP)’s traded shares were 0.47 million, with the beta value of the company hitting 2.90. At the end of the trading day, the stock’s price was $0.29, reflecting an intraday gain of 2.16% or $0.01. The 52-week high for the NXTP share is $3.68, that puts it down -1168.97 from that peak though still a striking 10.34% gain since the share price plummeted to a 52-week low of $0.26. The company’s market capitalization is $32.62M, and the average intraday trading volume over the past 10 days was 0.24 million shares, and the average trade volume was 355.14K shares over the past three months.

NextPlay Technologies Inc. (NXTP) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. NXTP has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.03.

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NextPlay Technologies Inc. (NASDAQ:NXTP) trade information

NextPlay Technologies Inc. (NXTP) registered a 2.16% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.16% in intraday trading to $0.29 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -26.85%, and it has moved by -33.88% in 30 days. Based on these gigs, the overall price performance for the year is -88.47%. The short interest in NextPlay Technologies Inc. (NASDAQ:NXTP) is 1.11 million shares and it means that shorts have 0.54 day(s) to cover.

The consensus price target of analysts on Wall Street is $5.00, which implies an increase of 94.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.00 and $5.00 respectively. As a result, NXTP is trading at a discount of -1624.14% off the target high and -1624.14% off the low.

NextPlay Technologies Inc. (NXTP) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 81.20% this quarter and then jump 104.20% in the quarter after that. In the rating firms’ projections, revenue will increase 89,295.79% compared to the previous financial year.

Revenue for the current quarter is expected to be $12.85 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $21.23 million by the end of Feb 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.10%. While earnings are projected to return -39.50% in 2022.

NXTP Dividends

NextPlay Technologies Inc. is due to release its next quarterly earnings on October 20. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

NextPlay Technologies Inc. (NASDAQ:NXTP)’s Major holders

NextPlay Technologies Inc. insiders own 42.73% of total outstanding shares while institutional holders control 1.79%, with the float percentage being 3.12%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 29 institutions own stock in it. As of Sep 29, 2021, the company held over 0.66 million shares (or 0.60% of all shares), a total value of $0.88 million in shares.

The next largest institutional holding, with 0.22 million shares, is of Raymond James Financial Services Advisors, Inc.’s that is approximately 0.20% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $0.3 million.

Also, the Mutual Funds coming in first place with the largest holdings of NextPlay Technologies Inc. (NXTP) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.47 million shares. This amounts to just over 0.43 percent of the company’s overall shares, with a $0.63 million market value. The same data shows that the other fund manager holds slightly less at 0.16 million, or about 0.15% of the stock, which is worth about $0.21 million.

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