Ideas And Forecasts On Next Technology Holding Inc (NASDAQ: NXTT)

Next Technology Holding Inc (NASDAQ:NXTT) currently has a daily average trading volume of 514.58K but it saw 1613005 shares traded in last market. With a market cap of 3.49M USD, the company’s current market price of $0.50 came falling about -16.68 while comparing to the previous closing price of $0.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.66 and as low as $0.52.

Taking a look at 20-day trading activity of Next Technology Holding Inc (NXTT) gives us an average price of $1.0702, while its current price level is -92.49% below from 52-week high level whereas it is -4.42% 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 $1.7830 while that of 200 days or SMA-200 reads an average of $2.2637. A closer look into the stock’s movement over the week reveals that its volatility is standing at 58.38% during that period while stretching the period over a month that decreases to 25.05%. 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 28.06 which implies that the stock is in oversold territory.

Over the week, NXTT’s stock price is moving -61.84% down while it is -65.04% when we observe its performance for the past one month. Year-to-date it is -79.51% down and over the past year, the stock is showing a downside performance of -85.55%.

Currently, Next Technology Holding Inc’s total number of outstanding shares is 6.98M. 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 0.06. Stock has a price to book (P/B) ratio of 0.05 while price to sale or P/S ratio amounts to 3.49. Its return on asset (ROA) is 51.81% on average.