Investors Getting Picky When It Comes To Buying Next Technology Holding Inc (NXTT)

Next Technology Holding Inc (NASDAQ:NXTT) does about 25.75K shares in volume on a normal day but saw 5487919 shares change hands in the recent trading day. The company now has a market cap of 14.16M USD. Its current market price is $2.03, marking an increase of 76.52% compared to the previous close of $1.15. The 52 week high reached by this stock is $10.03 whilst the lowest price level in 52 weeks is $0.94.

Next Technology Holding Inc (NXTT) has a 20-day trading average at $1.1500 and the current price is -79.76% off the 52-week high compared with 115.87% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2000 and its 200-day simple moving average is $3.0900. If we look at the stock’s price movements over the week, volatility stands at 38.09%, which decreases to 14.67% 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 81.71 to suggest the stock is overbought.

The current price level is 76.30%, 68.84%, and -34.40% away from its SMA20, SMA50, and SMA200 respectively, with the NXTT price moving below the 50-day SMA on current market day. Next Technology Holding Inc (NXTT) stock is up 103.94% over the week and 69.17% over the past month. Its price is -47.27% year-to-date and -80.59% over the past year.

The company has a return on investment of 4.31% and return on equity of 28.04%. The price to earnings ratio (P/E ratio) amounts to 0.25. Price to book ratio is 0.19 and price to sales ratio is 5.38.