Nexalin Technology Inc (NASDAQ:NXL) does about 1.44M shares in volume on a normal day but saw 1276614 shares change hands in the recent trading day. The company now has a market cap of 48.62M USD. Its current market price is $3.78, marking an increase of 13.17% compared to the previous close of $3.34. The 52 week high reached by this stock is $4.05 whilst the lowest price level in 52 weeks is $0.25.
Nexalin Technology Inc (NXL) has a 20-day trading average at $2.42 and the current price is -6.67% off the 52-week high compared with 1395.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.40 and its 200-day simple moving average is $1.16. If we look at the stock’s price movements over the week, volatility stands at 28.55%, which increases to 29.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.42 to suggest the stock is overbought.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential downside of -26.0% over the period.
The current price level is 56.47%, 170.30%, and 225.57% away from its SMA20, SMA50, and SMA200 respectively, with the NXL price moving below the 50-day SMA on current market day. Nexalin Technology Inc (NXL) stock is up 32.63% over the week and 320.00% over the past month. Its price is 833.80% year-to-date and 950.29% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.12 and -0.49 for whole year. Expected sales for next quarter are $30k, which analysts say will come at $170k for the current fiscal year and next year at $460k. In addition, estimates put the company’s current quarterly revenue at an average of $30k.
To reach the target analysts have set, the stock logically needs to shrink -26.0 percent from here.
The company has a return on investment of -112.04% and return on equity of -135.57%. The beta has a value of 3.55. Price to book ratio is 9.81 and price to sales ratio is 303.87.
