Next Technology Holding Inc (NASDAQ: NXTT) Increases 38.12% Over A Month, But Analysts Still See Upside Potential

Next Technology Holding Inc (NASDAQ:NXTT) currently has a daily average trading volume of 344.47K but it saw 1123201 shares traded in last market. With a market cap of 19.46M USD, the company’s current market price of $2.79 came falling about -4.45 while comparing to the previous closing price of $2.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.66 and as low as $0.94. In the recent trading on the day, stock has struck highest price mark of $2.65 while lowest mark touched by it was $3.3845.

Taking a look at 20-day trading activity of Next Technology Holding Inc (NXTT) gives us an average price of $2.59, while its current price level is -58.11% below from 52-week high level whereas it is 196.68% 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 $2.28 while that of 200 days or SMA-200 reads an average of $2.82. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.74% during that period while stretching the period over a month that decreases to 15.34%. 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 56.65 which implies that the stock is in neutral territory.

Over the week, NXTT’s stock price is moving 12.96% up while it is 38.12% when we observe its performance for the past one month. Year-to-date it is 14.34% up and over the past year, the stock is showing a downside performance of -17.46%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Next Technology Holding Inc’s total number of outstanding shares is 6.98M with 22.51% of that held by the insiders while 1.55% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 25.37% and return on equity (ROE) at 55.23%. It has a price to earnings ratio (P/E ratio) of 0.33. Stock has a price to book (P/B) ratio of 0.26 while price to sale or P/S ratio amounts to 19.46. Its return on asset (ROA) is 51.81% on average.