The price of Nexalin Technology Inc (NASDAQ:NXL) shares last traded on Wall Street rose 40.85% to $2.31.
NXL stock price is now 87.44% away from the 50-day moving average and 238.12% away from the 200-day moving average. The market capitalization of the company currently stands at $17.53M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In other news, Owens David, Chief Medical Officer bought 1,619 shares of the company’s stock on Jun 18 ’24. The stock was bought for $1,149 at an average price of $0.71. Upon completion of the transaction, the Chief Medical Officer now directly owns 145,793 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, Chief Medical Officer Owens David bought 3,000 shares of the business’s stock. A total of $1,920 was incurred on buying the stock at an average price of $0.64. This leaves the insider owning 144,174 shares of the company worth $0.33 million. A total of 20.67% of the company’s stock is owned by insiders.
During the past 12 months, Nexalin Technology Inc has had a low of $0.25 and a high of $3.40. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.05, and a quick ratio of 4.75. The fifty day moving average price for NXL is $1.22936 and a two-hundred day moving average price translates $0.691685 for the stock.
The latest earnings results from Nexalin Technology Inc (NASDAQ: NXL) was released for 2024-03-31. The net profit margin was -3110.57% and return on equity was -139.94% for NXL. The company reported revenue of $79000.0 for the quarter, compared to $31000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 154.84 percent.
