Can Buying Next Technology Holding Inc (NASDAQ: NXTT) Still Be Worthwhile?

Next Technology Holding Inc (NASDAQ:NXTT) does about 3.95M shares in volume on a normal day but saw 102610034 shares change hands in the recent trading day. The company now has a market cap of 1.43B USD. Its current market price is $3.27, marking an increase of 38.56% compared to the previous close of $2.36. The 52 week high reached by this stock is $6.00 whilst the lowest price level in 52 weeks is $0.22.

Next Technology Holding Inc (NXTT) has a 20-day trading average at $0.54 and the current price is -45.50% off the 52-week high compared with 1385.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.42 and its 200-day simple moving average is $1.32. If we look at the stock’s price movements over the week, volatility stands at 204.19%, which decreases to 56.66% 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 97.10 to suggest the stock is overbought.

The current price level is 506.13%, 670.07%, and 148.37% 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 992.73% over the week and 1202.79% over the past month. Its price is 34.02% year-to-date and -20.63% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 436.27M with insiders holding 0.29% of the shares and institutional holders owning 0.01% of the company’s common stock. The company has a return on investment of 46.42% and return on equity of 80.54%. The price to earnings ratio (P/E ratio) amounts to 1.44. Price to book ratio is 3.39 and price to sales ratio is 792.55.