In the last trading session, 1.28 million shares of the Nexalin Technology Inc (NASDAQ:NXL) were traded, and its beta was 3.67. Most recently the company’s share price was $3.89, and it changed around -$0.33 or -7.82% from the last close, which brings the market valuation of the company to $51.50M. NXL currently trades at a discount to its 52-week high of $4.36, offering almost -12.08% off that amount. The share price’s 52-week low was $0.25, which indicates that the current value has risen by an impressive 93.57% since then. We note from Nexalin Technology Inc’s average daily trading volume that its 10-day average is 1.5 million shares, with the 3-month average coming to 1.51 million.
Nexalin Technology Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended NXL as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Nexalin Technology Inc is expected to report earnings per share of -0.12 for the current quarter.
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Nexalin Technology Inc (NASDAQ:NXL) trade information
Instantly NXL has showed a red trend with a performance of -7.82% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.36 on recent trading dayincreased the stock’s daily price by 10.78%. The company’s shares are currently up 860.97% year-to-date, but still up 16.47% over the last five days. On the other hand, Nexalin Technology Inc (NASDAQ:NXL) is 208.73% up in the 30-day period. We can see from the shorts that 93398.0 shares have been sold at a short interest cover period of 0.56 day(s).
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 30k in revenue for the current quarter. 1 analysts expect Nexalin Technology Inc to make 35k in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 2.43%.
NXL Dividends
Nexalin Technology Inc’s next quarterly earnings report is expected to be released in December.
Nexalin Technology Inc (NASDAQ:NXL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 23.30% of Nexalin Technology Inc shares, and 2.41% of them are in the hands of institutional investors. The stock currently has a share float of 3.14%. Nexalin Technology Inc stock is held by 13.0 institutions, with MORGAN STANLEY being the largest institutional investor. By 2024-06-30, it held 0.8042% of the shares, which is about 59805.0 shares worth $0.1 million.
CVI HOLDINGS, LLC, with 0.7458% or 55462.0 shares worth $93731.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
