Nexalin Technology Inc (NASDAQ: NXL) Is Increase 996.13%, So Here’s What We Can Expect On The Upswing

ZM Stock

During the last session, Nexalin Technology Inc (NASDAQ:NXL)’s traded shares were 0.81 million, with the beta value of the company hitting 3.70. At the end of the trading day, the stock’s price was $3.82, reflecting an intraday loss of -2.05% or -$0.08. The 52-week high for the NXL share is $4.36, that puts it down -14.14 from that peak though still a striking 93.46% gain since the share price plummeted to a 52-week low of $0.25. The company’s market capitalization is $49.13M, and the average intraday trading volume over the past 10 days was 1.24 million shares, and the average trade volume was 1.56 million shares over the past three months.

Nexalin Technology Inc (NASDAQ:NXL) trade information

Nexalin Technology Inc (NXL) registered a -2.05% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.05% in intraday trading to $3.82, hitting a weekly high. The stock’s 5-day price performance is -9.48%, and it has moved by 77.67% in 30 days. Based on these gigs, the overall price performance for the year is 996.13%. The short interest in Nexalin Technology Inc (NASDAQ:NXL) is 93398.0 shares and it means that shorts have 0.56 day(s) to cover.

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As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 30k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 35k by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.43%.

NXL Dividends

Nexalin Technology Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Nexalin Technology Inc insiders own 23.30% of total outstanding shares while institutional holders control 2.41%, with the float percentage being 3.14%. MORGAN STANLEY is the largest shareholder of the company, while 13.0 institutions own stock in it. As of 2024-06-30, the company held over 59805.0 shares (or 0.8042% of all shares), a total value of $0.1 million in shares.

The next largest institutional holding, with 55462.0 shares, is of CVI HOLDINGS, LLC’s that is approximately 0.7458% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $93731.0.

Also, the Mutual Funds coming in first place with the largest holdings of Nexalin Technology Inc (NXL) shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Fidelity Extended Market Index Fund owns about 53.41 shares. This amounts to just over 0.42 percent of the company’s overall shares, with a $0.2 million market value. The same data shows that the other fund manager holds slightly less at 31.78, or about 0.25% of the stock, which is worth about $0.12 million.