Nexalin Technology Inc (NASDAQ:NXL) 82.39% Up Over A Week, Can The Stock Hit Well Above $0.6614?

In recent trading session, Nexalin Technology Inc (NASDAQ:NXL) saw 0.85 million shares changing hands at last check today with its beta currently measuring 5.63. Company’s recent per share price level of $1.16 trading at $0.11 or 10.48% at last check today assigns it a market valuation of $12.28M. That most recent trading price of NXL’s stock is at a discount of -249.14% from its 52-week high price of $4.05 and is indicating a premium of 78.45% from its 52-week low price of $0.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.32 million shares which gives us an average trading volume of 176.12K if we extend that period to 3-months.

Nexalin Technology Inc (NASDAQ:NXL) trade information

Upright in the green today for gaining 10.48%, in the last five days NXL remained trading in the green while hitting it’s week-highest on Thursday, 10/17/24 when the stock touched $1.16 price level, adding 14.07% to its value on the day. Nexalin Technology Inc’s shares saw a change of 186.56% in year-to-date performance and have moved 82.39% in past 5-day. Nexalin Technology Inc (NASDAQ:NXL) showed a performance of 75.17% in past 30-days. Number of shares sold short was 71143.0 shares which calculate 0.5 days to cover the short interests.

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Nexalin Technology Inc (NXL) estimates and forecasts

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 30k for the same. And 1 analysts are in estimates of company making revenue of 30k in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 2.43% during past 5 years.

Nexalin Technology Inc (NASDAQ:NXL)’s Major holders

Insiders are in possession of 23.29% of company’s total shares while institution are holding 2.61 percent of that, with stock having share float percentage of 3.40%. Investors also watch the number of corporate investors in a company very closely, which is 2.61% institutions for Nexalin Technology Inc that are currently holding shares of the company. MORGAN STANLEY is the top institutional holder at NXL for having 59805.0 shares of worth $0.1 million. And as of 2024-06-30, it was holding 0.8042 of the company’s outstanding shares.

The second largest institutional holder is CVI HOLDINGS, LLC, which was holding about 55462.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.7458 of outstanding shares, having a total worth of $93731.0.

On the other hand, Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 32.51 shares of worth $37717.0 or 0.31% of the total outstanding shares. The later fund manager was in possession of 31.78 shares on Jun 30, 2024 , making its stake of worth around $36867.0 in the company or a holder of 0.30% of company’s stock.