The price of Nexalin Technology Inc (NASDAQ:NXL) shares last traded on Wall Street rose 6.51% to $2.29.
NXL stock price is now 150.33% away from the 50-day moving average and 127.42% away from the 200-day moving average. The market capitalization of the company currently stands at $24.25M.
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In other news, Owens David, Chief Medical Officer bought 1,000 shares of the company’s stock on Aug 13 ’24. The stock was bought for $950 at an average price of $0.95. Upon completion of the transaction, the Chief Medical Officer now directly owns 147,793 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 28 ’24, Chief Medical Officer Owens David bought 1,000 shares of the business’s stock. A total of $1,750 was incurred on buying the stock at an average price of $1.75. This leaves the insider owning 146,793 shares of the company worth $0.34 million. A total of 23.61% 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 $4.05. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.57, and a quick ratio of 4.89. The fifty day moving average price for NXL is $0.9148 and a two-hundred day moving average price translates $1.00696 for the stock.
The latest earnings results from Nexalin Technology Inc (NASDAQ: NXL) was released for 2024-06-30. The net profit margin was -3598.50% and return on equity was -202.23% for NXL. The company reported revenue of $27000.0 for the quarter, compared to $36000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.0 percent. For the current quarter, analysts expect NXL to generate $30k in revenue.
