The stock price of Next Technology Holding Inc. (NASDAQ: NXTT) has dropped by -66.15 compared to previous close of 5.82. Despite this, the company has seen a fall of -65.13% in its stock price over the last five trading days.
Is It Worth Investing in Next Technology Holding Inc. (NASDAQ: NXTT) Right Now?
Next Technology Holding Inc. (NASDAQ: NXTT) has a price-to-earnings ratio that is above its average at 0.19x.
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The public float for NXTT is 1.42M, and at present, short sellers hold a 0.33% of that float. On July 24, 2024, the average trading volume of NXTT was 44.73K shares.
NXTT’s Market Performance
NXTT stock saw a decrease of -65.13% in the past week, with a monthly decline of -60.68% and a quarterly a decrease of -64.63%. The volatility ratio for the week is 7.64%, and the volatility levels for the last 30 days are 10.21% for Next Technology Holding Inc. (NXTT). The simple moving average for the last 20 days is -60.17% for NXTT’s stock, with a simple moving average of -63.62% for the last 200 days.
NXTT Trading at -56.34% from the 50-Day Moving Average
After a stumble in the market that brought NXTT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.26% of loss for the given period.
Volatility was left at 10.21%, however, over the last 30 days, the volatility rate increased by 7.64%, as shares sank -40.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.76% lower at present.
During the last 5 trading sessions, NXTT fell by -51.68%, which changed the moving average for the period of 200-days by -78.67% in comparison to the 20-day moving average, which settled at $4.85. In addition, Next Technology Holding Inc. saw -48.83% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NXTT
Current profitability levels for the company are sitting at:
- -5.87 for the present operating margin
- 0.51 for the gross margin
The net margin for Next Technology Holding Inc. stands at 8.35. The total capital return value is set at -0.22. Equity return is now at value 49.73, with 46.22 for asset returns.
Currently, EBITDA for the company is -2.04 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 2.32for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 16.17.
Conclusion
To sum up, Next Technology Holding Inc. (NXTT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
