Next Technology Holding Inc (NASDAQ: NXTT) has seen a rise in its stock price by 76.52 in relation to its previous close of 1.15. However, the company has experienced a 103.94% gain in its stock price over the last five trading sessions. 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 above average at 0.25x,
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The public float for NXTT is 5.77M, and currently, short sellers hold a 0.13% ratio of that floaft. The average trading volume of NXTT on November 13, 2024 was 25.75K shares.
NXTT’s Market Performance
NXTT’s stock has seen a 103.94% increase for the week, with a 69.17% rise in the past month and a 57.36% gain in the past quarter. The volatility ratio for the week is 38.09%, and the volatility levels for the past 30 days are at 14.67% for Next Technology Holding Inc The simple moving average for the past 20 days is 76.30% for NXTT’s stock, with a -34.40% simple moving average for the past 200 days.
NXTT Trading at 68.84% 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 -79.76% of loss for the given period.
Volatility was left at 14.67%, however, over the last 30 days, the volatility rate increased by 38.09%, as shares surge +74.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.00% upper at present.
During the last 5 trading sessions, NXTT rose by +103.94%, which changed the moving average for the period of 200-days by -34.73% in comparison to the 20-day moving average, which settled at $1.1500. In addition, Next Technology Holding Inc saw -47.27% 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 -1.78 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 5.12. 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
In a nutshell, Next Technology Holding Inc (NXTT) has experienced a mixed performance in recent times. The stock has received mixed “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.
