Nexalin Technology Inc (NASDAQ:NXL) has a beta value of 4.28 and has seen 0.25 million shares traded in the last trading session. The company, currently valued at $42.57M, closed the last trade at $3.31 per share which meant it gained $0.1 on the day or 3.12% during that session. The NXL stock price is -35.65% off its 52-week high price of $4.49 and 91.24% above the 52-week low of $0.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.42 million shares traded. The 3-month trading volume is 508.21K shares.
Nexalin Technology Inc (NASDAQ:NXL) trade information
Sporting 3.12% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NXL stock price touched $3.31 or saw a rise of 11.26%. Year-to-date, Nexalin Technology Inc shares have moved 19.93%, while the 5-day performance has seen it change -11.02%. Over the past 30 days, the shares of Nexalin Technology Inc (NASDAQ:NXL) have changed 11.45%. Short interest in the company has seen 0.51 million shares shorted with days to cover at 1.26.
Nexalin Technology Inc (NXL) estimates and forecasts
The company’s shares have gained 236.38% 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 35k 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 March 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 19.23% of the company shares, while shares held by institutions stand at 2.89% with a share float percentage of 3.57%. Investors are also buoyed by the number of investors in a company, with Nexalin Technology Inc having a total of 18.0 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.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund. As of Nov 30, 2024, the former fund manager holds about 0.39% shares in the company for having 51.9 shares of worth $0.17 million while later fund manager owns 31.78 shares of worth $0.11 million as of Sep 30, 2024, which makes it owner of about 0.24% of company’s outstanding stock.
