NextPlay Technologies Inc. (NASDAQ: NXTP): A Look At Its Value – Marketing Sentinel
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NextPlay Technologies Inc. (NASDAQ: NXTP): A Look At Its Value

During the recent session, NextPlay Technologies Inc. (NASDAQ:NXTP)’s traded shares were 1.7 million, with the beta value of the company hitting 2.30. At the last check today, the stock’s price was $0.31, reflecting an intraday gain of 14.97% or $0.04. The 52-week high for the NXTP share is $3.68, that puts it down -1087.1 from that peak though still a striking 45.16% gain since the share price plummeted to a 52-week low of $0.17. The company’s market capitalization is $32.04M, and the average intraday trading volume over the past 10 days was 7.15 million shares, and the average trade volume was 1.44 million shares over the past three months.

NextPlay Technologies Inc. (NASDAQ:NXTP) trade information

NextPlay Technologies Inc. (NXTP) registered a 14.97% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 14.97% in intraday trading to $0.31 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 5.60%, and it has moved by 0.34% in 30 days. Based on these gigs, the overall price performance for the year is -87.57%. The short interest in NextPlay Technologies Inc. (NASDAQ:NXTP) is 1.26 million shares and it means that shorts have 4.31 day(s) to cover.

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NextPlay Technologies Inc. (NXTP) estimates and forecasts

Statistics show that NextPlay Technologies Inc. has outperformed its competitors in share price, compared to the industry in which it operates. NextPlay Technologies Inc. (NXTP) shares have gone down -71.13% during the last six months, with a year-to-date growth rate more than the industry average at 80.56% against 9.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 89.20% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 454.30% compared to the previous financial year.

Revenue for the current quarter is expected to be $8.47 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $10.23 million by the end of Aug 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 June 21. 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 34.83% of total outstanding shares while institutional holders control 8.19%, with the float percentage being 12.56%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 31 institutions own stock in it. As of Mar 30, 2022, the company held over 3.42 million shares (or 3.00% of all shares), a total value of $1.88 million in shares.

The next largest institutional holding, with 3.16 million shares, is of Kepos Capital Lp’s that is approximately 2.77% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $1.74 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 Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 2.78 million shares. This amounts to just over 2.44 percent of the company’s overall shares, with a $1.53 million market value. The same data shows that the other fund manager holds slightly less at 0.51 million, or about 0.45% of the stock, which is worth about $0.28 million.

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