Nexalin Technology Inc (NASDAQ: NXL) Now $0.25 Higher From Its Low (0.6), Does It Still Have A Growth Story?

Nexalin Technology Inc (NASDAQ:NXL) currently has a daily average trading volume of 2.80M but it saw 559605 shares traded in last market. With a market cap of 9.00M USD, the company’s current market price of $0.85 came falling about -10.32 while comparing to the previous closing price of $0.95. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.05 and as low as $0.25. In the recent trading on the day, stock has struck highest price mark of $0.81 while lowest mark touched by it was $0.9899.

Taking a look at 20-day trading activity of Nexalin Technology Inc (NXL) gives us an average price of $0.9461, while its current price level is -79.02% below from 52-week high level whereas it is 236.08% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.2237 while that of 200 days or SMA-200 reads an average of $0.9128. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.26% during that period while stretching the period over a month that decreases to 9.20%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.43 which implies that the stock is in neutral territory.

Over the week, NXL’s stock price is moving -8.65% down while it is -19.09% when we observe its performance for the past one month. Year-to-date it is 109.88% up and over the past year, the stock is showing an upside performance of 67.24%.

Currently, Nexalin Technology Inc’s total number of outstanding shares is 10.59M. Company’s return on investment (ROI) stands at -399.96% and return on equity (ROE) at -202.23%. Stock’s beta reads 5.58. Stock has a price to book (P/B) ratio of 4.77 while price to sale or P/S ratio amounts to 59.98. Its return on asset (ROA) is -160.37% on average.