Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Nexalin Technology Inc (NASDAQ: NXL) closed at $2.78 in the last session, up 10.76% from day before closing price of $2.51. In other words, the price has increased by $10.76 from its previous closing price. On the day, 0.75 million shares were traded. NXL stock price reached its highest trading level at $3.11 during the session, while it also had its lowest trading level at $2.6003.
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 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:
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 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 36983728 and an Enterprise Value of 39380140. For the stock, the TTM Price-to-Sale (P/S) ratio is 231.14 while its Price-to-Book (P/B) ratio in mrq is 7.21. Its current Enterprise Value per Revenue stands at 262.256 whereas that against EBITDA is -6.152.
Stock Price History:
The Beta on a monthly basis for NXL is 4.44, which has changed by 4.850816 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. 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 -20.17%, while the 200-Day Moving Average is calculated to be 53.78%.
Shares Statistics:
According to the various share statistics, NXL traded on average about 1.79M shares per day over the past 3-months and 391080 shares per day over the past 10 days. A total of 12.86M shares are outstanding, with a floating share count of 10.36M. Insiders hold about 19.44% 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 0.18, compared to 1726185600 on 37370. Therefore, it implies a Short% of Shares Outstanding of 93398 and a Short% of Float of 1.0299999.
