Nexalin Technology Inc (NASDAQ:NXL) At $1.32: What To Do?

In last trading session, Nexalin Technology Inc (NASDAQ:NXL) saw 2.57 million shares changing hands with its beta currently measuring 5.63. Company’s recent per share price level of $1.32 trading at $0.27 or 25.71% at ring of the bell on the day assigns it a market valuation of $13.98M. That closing price of NXL’s stock is at a discount of -206.82% from its 52-week high price of $4.05 and is indicating a premium of 81.06% 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 0.57 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 during last session for gaining 25.71%, 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 $1.32 price level, adding 7.04% to its value on the day. Nexalin Technology Inc’s shares saw a change of 226.09% in year-to-date performance and have moved 107.55% in past 5-day. Nexalin Technology Inc (NASDAQ:NXL) showed a performance of 99.34% in past 30-days. Number of shares sold short was 71143.0 shares which calculate 0.5 days to cover the short interests.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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.