Next Technology Holding Inc. (NASDAQ: NXTT)’s stock price has gone decline by -19.84 in comparison to its previous close of 1.26, however, the company has experienced a -17.89% decrease in its stock price over the last five trading days. investorplace.com reported 2024-08-21 that Next Technology Holding (NASDAQ: NXTT ) just reported results for the second quarter of 2024. Next Technology Holding reported earnings per share of -$1.92.
Is It Worth Investing in Next Technology Holding Inc. (NASDAQ: NXTT) Right Now?
The price-to-earnings ratio for Next Technology Holding Inc. (NASDAQ: NXTT) is 0.13x, which is above its average ratio.
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The public float for NXTT is 5.77M and currently, short sellers hold a 2.30% of that float. On September 24, 2024, NXTT’s average trading volume was 136.51K shares.
NXTT’s Market Performance
NXTT’s stock has seen a -17.89% decrease for the week, with a -36.48% drop in the past month and a -79.84% fall in the past quarter. The volatility ratio for the week is 13.18%, and the volatility levels for the past 30 days are at 8.98% for Next Technology Holding Inc. The simple moving average for the past 20 days is -25.09% for NXTT’s stock, with a -71.50% simple moving average for the past 200 days.
NXTT Trading at -51.17% 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 -92.96% of loss for the given period.
Volatility was left at 8.98%, however, over the last 30 days, the volatility rate increased by 13.18%, as shares sank -34.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -80.56% lower at present.
During the last 5 trading sessions, NXTT fell by -17.89%, which changed the moving average for the period of 200-days by -72.18% in comparison to the 20-day moving average, which settled at $1.3212. In addition, Next Technology Holding Inc. saw -73.77% 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:
- -5.63 for the present operating margin
- 0.55 for the gross margin
The net margin for Next Technology Holding Inc. stands at 5.67. The total capital return value is set at -0.21. Equity return is now at value 28.04, with 25.97 for asset returns.
Currently, EBITDA for the company is -2.04 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 2.42. The receivables turnover for the company is 2.33for 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 21.21.
Conclusion
To wrap up, the performance of Next Technology Holding Inc. (NXTT) has been bad 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.
