Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Nexalin Technology Inc (NASDAQ: NXL) was $4.17 for the day, up 0.48% from the previous closing price of $4.15. In other words, the price has increased by $0.48 from its previous closing price. On the day, 0.68 million shares were traded. NXL stock price reached its highest trading level at $4.24 during the session, while it also had its lowest trading level at $3.76.
Ratios:
Our analysis of NXL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 15.86 and its Current Ratio is at 16.39. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 28 ’24 when Owens David bought 500 shares for $2.19 per share. The transaction valued at 1,095 led to the insider holds 148,293 shares of the business.
Owens David bought 1,000 shares of NXL for $950 on Aug 13 ’24. The Chief Medical Officer now owns 147,793 shares after completing the transaction at $0.95 per share. On Jun 28 ’24, another insider, Owens David, who serves as the Chief Medical Officer of the company, bought 1,000 shares for $1.75 each. As a result, the insider paid 1,750 and bolstered with 146,793 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NXL now has a Market Capitalization of 53632872 and an Enterprise Value of 39380140. For the stock, the TTM Price-to-Sale (P/S) ratio is 335.23 while its Price-to-Book (P/B) ratio in mrq is 10.82. Its current Enterprise Value per Revenue stands at 262.256 whereas that against EBITDA is -6.152.
Stock Price History:
Over the past 52 weeks, NXL has reached a high of $4.49, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is 70.22%, while the 200-Day Moving Average is calculated to be 186.32%.
Shares Statistics:
NXL traded an average of 1.62M shares per day over the past three months and 526270 shares per day over the past ten days. A total of 12.86M shares are outstanding, with a floating share count of 9.82M. Insiders hold about 23.61% of the company’s shares, while institutions hold 3.76% stake in the company. Shares short for NXL as of 1728950400 were 93398 with a Short Ratio of 0.38, compared to 1726185600 on 37370. Therefore, it implies a Short% of Shares Outstanding of 93398 and a Short% of Float of 1.0299999.
