There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NXPL is 16.49M, and at present, short sellers hold a 0.13% of that float. The average trading volume of NXPL on November 15, 2024 was 121.68K shares.
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NXPL) stock’s latest price update
The stock price of NextPlat Corp (NASDAQ: NXPL) has dropped by -27.10 compared to previous close of 1.17. Despite this, the company has seen a fall of -21.75% in its stock price over the last five trading days. prnewswire.com reported 2024-10-07 that Company to Support the Sales and Marketing of OPKO’s Products on Additional E-Commerce Platforms and on Social Media Channels in China and into the Large Japanese Health and Wellness Market COCONUT GROVE, Fla. and MIAMI, Oct. 7, 2024 /PRNewswire/ — NextPlat Corp (NASDAQ: NXPL, NXPLW) (“NextPlat” or the “Company”), a global e-commerce provider, today announced a significant expansion of its exclusive e-commerce distribution agreement with OPKO Health, Inc. (NASDAQ: OPK) (“OPKO”) for the online sales of its OPKO Health Europe products in China including securing a new four-year extension and approval to exclusively market its products in Japan.
NXPL’s Market Performance
NextPlat Corp (NXPL) has seen a -21.75% fall in stock performance for the week, with a -28.93% decline in the past month and a -17.99% plunge in the past quarter. The volatility ratio for the week is 11.48%, and the volatility levels for the past 30 days are at 8.03% for NXPL. The simple moving average for the past 20 days is -23.79% for NXPL’s stock, with a -32.47% simple moving average for the past 200 days.
NXPL Trading at -30.81% from the 50-Day Moving Average
After a stumble in the market that brought NXPL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.18% of loss for the given period.
Volatility was left at 8.03%, however, over the last 30 days, the volatility rate increased by 11.48%, as shares sank -27.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.66% lower at present.
During the last 5 trading sessions, NXPL fell by -21.75%, which changed the moving average for the period of 200-days by -43.52% in comparison to the 20-day moving average, which settled at $1.1192. In addition, NextPlat Corp saw -48.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NXPL starting from Miller John Edward, who purchase 5,000 shares at the price of $1.43 back on Apr 16 ’24. After this action, Miller John Edward now owns 28,000 shares of NextPlat Corp, valued at $7,150 using the latest closing price.
Stock Fundamentals for NXPL
Current profitability levels for the company are sitting at:
- -0.26 for the present operating margin
- 0.2 for the gross margin
The net margin for NextPlat Corp stands at -0.08. The total capital return value is set at -0.45. Equity return is now at value -18.35, with -12.24 for asset returns.
Based on NextPlat Corp (NXPL), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -0.39. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -158.7.
Currently, EBITDA for the company is -19.68 million with net debt to EBITDA at 0.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.03. The receivables turnover for the company is 5.45for trailing twelve months and the total asset turnover is 1.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.30.
Conclusion
In summary, NextPlat Corp (NXPL) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
