Next Technology Holding Inc (NXTT): Are Investors Missing The Big Picture?

Next Technology Holding Inc (NASDAQ:NXTT) does about 197.61K shares in volume on a normal day but saw 3692063 shares change hands in the recent trading day. The company now has a market cap of 19.19M USD. Its current market price is $2.75, marking an increase of 61.76% compared to the previous close of $1.70. The 52 week high reached by this stock is $7.50 whilst the lowest price level in 52 weeks is $0.94.

Next Technology Holding Inc (NXTT) has a 20-day trading average at $1.3700 and the current price is -63.33% off the 52-week high compared with 192.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2800 and its 200-day simple moving average is $3.0800. If we look at the stock’s price movements over the week, volatility stands at 45.93%, which decreases to 24.08% 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 79.18 to suggest the stock is overbought.

The current price level is 100.10%, 115.22%, and -10.71% 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 35.47% over the week and 136.46% over the past month. Its price is -28.57% year-to-date and -59.56% over the past year.

The company has a return on investment of 25.37% and return on equity of 55.23%. The price to earnings ratio (P/E ratio) amounts to 0.32. Price to book ratio is 0.26 and price to sales ratio is 19.19.