The stock of Nexalin Technology Inc (NXL) has seen a -17.68% decrease in the past week, with a 265.47% gain in the past month, and a 322.28% flourish in the past quarter. The volatility ratio for the week is 55.77%, and the volatility levels for the past 30 days are at 41.79% for NXL. The simple moving average for the past 20 days is -7.58% for NXL’s stock, with a 175.11% simple moving average for the past 200 days.
Is It Worth Investing in Nexalin Technology Inc (NASDAQ: NXL) Right Now?
Moreover, the 36-month beta value for NXL is 5.74.
The public float for NXL is 5.90M and currently, short sellers hold a 1.61% of that float. On April 23, 2024, NXL’s average trading volume was 807.47K shares.
NXL) stock’s latest price update
Nexalin Technology Inc (NASDAQ: NXL)’s stock price has soared by 13.99 in relation to previous closing price of 1.43. Nevertheless, the company has seen a loss of -17.68% in its stock price over the last five trading days. Proactive Investors reported 2024-04-02 that Nexalin Technology has unveiled positive results from a clinical study evaluating its Gen-2 tACS 15 milliamp neurostimulation device to reduce pain in veteran patients with mild Traumatic Brain Injury (mTBI). The company said that the study, conducted at the University of California San Diego, achieved a statistically significant decrease in post-concussion symptoms and post-traumatic stress disorder symptoms for patients treated with Nexalin’s non-invasive, frequency-based deep brain stimulation device when compared to the control group.
NXL Trading at 74.86% from the 50-Day Moving Average
After a stumble in the market that brought NXL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.06% of loss for the given period.
Volatility was left at 41.79%, however, over the last 30 days, the volatility rate increased by 55.77%, as shares surge +236.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +437.78% upper at present.
During the last 5 trading sessions, NXL fell by -17.68%, which changed the moving average for the period of 200-days by +82.41% in comparison to the 20-day moving average, which settled at $1.8210. In addition, Nexalin Technology Inc saw 302.67% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NXL
Current profitability levels for the company are sitting at:
- -51.43 for the present operating margin
- -3.04 for the gross margin
The net margin for Nexalin Technology Inc stands at -41.63. The total capital return value is set at -1.78. Equity return is now at value -107.05, with -84.03 for asset returns.
Based on Nexalin Technology Inc (NXL), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -859.37. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -146.68.
Currently, EBITDA for the company is -5.69 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 104.25. The receivables turnover for the company is 11.82for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.07.
Conclusion
To wrap up, the performance of Nexalin Technology Inc (NXL) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
