Trading Day Review: Nexalin Technology Inc (NXL) Gains Momentum, Closing at 1.10

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The price of Nexalin Technology Inc (NASDAQ: NXL) closed at $1.10 in the last session, up 5.77% from day before closing price of $1.04. In other words, the price has increased by $5.77 from its previous closing price. On the day, 10.95 million shares were traded. NXL stock price reached its highest trading level at $1.35 during the session, while it also had its lowest trading level at $1.0.

Ratios:

We take a closer look at NXL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 4.75 and its Current Ratio is at 5.05. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 10 ’24 when Owens David bought 3,000 shares for $0.64 per share. The transaction valued at 1,920 led to the insider holds 144,174 shares of the business.

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 8345216 and an Enterprise Value of 6036276. For the stock, the TTM Price-to-Sale (P/S) ratio is 52.18 while its Price-to-Book (P/B) ratio in mrq is 3.52. Its current Enterprise Value per Revenue stands at 37.998 whereas that against EBITDA is -1.009.

Stock Price History:

Over the past 52 weeks, NXL has reached a high of $3.40, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is -13.79%, while the 200-Day Moving Average is calculated to be 63.06%.

Shares Statistics:

According to the various share statistics, NXL traded on average about 898.74K shares per day over the past 3-months and 3416070 shares per day over the past 10 days. A total of 7.44M shares are outstanding, with a floating share count of 6.02M. Insiders hold about 20.67% of the company’s shares, while institutions hold 0.84% stake in the company. Shares short for NXL as of 1715731200 were 72930 with a Short Ratio of 0.07, compared to 1713139200 on 327190. Therefore, it implies a Short% of Shares Outstanding of 72930 and a Short% of Float of 1.24.

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