Nexalin Technology Inc (NASDAQ:NXL) has a beta value of 3.57 and has seen 6.21 million shares traded in the last trading session. The company, currently valued at $42.45M, closed the last trade at $3.16 per share which meant it gained $0.67 on the day or 26.91% during that session. The NXL stock price is -28.16% off its 52-week high price of $4.05 and 92.09% above the 52-week low of $0.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.25 million shares traded. The 3-month trading volume is 1.21 million shares.
Nexalin Technology Inc (NASDAQ:NXL) trade information
Sporting 26.91% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NXL stock price touched $3.16 or saw a rise of 7.06%. Year-to-date, Nexalin Technology Inc shares have moved 680.63%, while the 5-day performance has seen it change 37.99%. Over the past 30 days, the shares of Nexalin Technology Inc (NASDAQ:NXL) have changed 401.59%. Short interest in the company has seen 93398.0 shares shorted with days to cover at 0.56.
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Nexalin Technology Inc (NXL) estimates and forecasts
The company’s shares have gained 120.21% over the past 6 months.
1 analysts offering their estimates for the company have set an average revenue estimate of 30k for the current quarter. 1 have an estimated revenue figure of 30k for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.43% over the past 5 years.
NXL Dividends
Nexalin Technology Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Nexalin Technology Inc (NASDAQ:NXL)’s Major holders
Insiders own 23.30% of the company shares, while shares held by institutions stand at 2.61% with a share float percentage of 3.40%. Investors are also buoyed by the number of investors in a company, with Nexalin Technology Inc having a total of 13.0 institutions that hold shares in the company. The top two institutional holders are MORGAN STANLEY with over 59805.0 shares worth more than $0.1 million. As of 2024-06-30, MORGAN STANLEY held 0.8042% of shares outstanding.
The other major institutional holder is CVI HOLDINGS, LLC, with the holding of over 55462.0 shares as of 2024-06-30. The firm’s total holdings are worth over $93731.0 and represent 0.7458% of shares outstanding.
