Now Is The Time To Build A Position In Nexalin Technology Inc (NASDAQ:NXL)

In the last trading session, 1.07 million Nexalin Technology Inc (NASDAQ:NXL) shares changed hands as the company’s beta touched 5.57. With the company’s per share price at $1.79 changed hands at $0.31 or 20.95% during last session, the market valuation stood at $18.96M. NXL’s last price was a discount, traded about -126.26% off its 52-week high of $4.05. The share price had its 52-week low at $0.25, which suggests the last value was 86.03% up since then. When we look at Nexalin Technology Inc’s average trading volume, we note the 10-day average is 0.66 million shares, with the 3-month average coming to 222.53K.

Nexalin Technology Inc (NASDAQ:NXL) trade information

Instantly NXL was in green as seen at the end of in last trading. With action 126.01%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 342.19%, with the 5-day performance at 126.01% in the green. However, in the 30-day time frame, Nexalin Technology Inc (NASDAQ:NXL) is 153.36% up. Looking at the short shares, we see there were 71143.0 shares sold at short interest cover period of 0.5 days.

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Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.43%.

NXL Dividends

Nexalin Technology Inc is expected to release its next quarterly earnings report in November.

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

If we look at who the major shareholders are, we find that insiders hold 23.29% of Nexalin Technology Inc shares while 2.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 3.40%. There are 2.61% institutions holding the Nexalin Technology Inc stock share, with MORGAN STANLEY the top institutional holder. As of 2024-06-30, the company held 0.8042% of the shares, roughly 59805.0 NXL shares worth $0.1 million.

CVI HOLDINGS, LLC holds the second largest percentage of outstanding shares, with 0.7458% or 55462.0 shares worth $93731.0 as of 2024-06-30.