Next Technology (NASDAQ:NXTT) Posts Quarterly Earnings Results

Next Technology (NASDAQ:NXTT) released its earnings results on Wednesday. The company reported ($11.86) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.47 million for the quarter.

Next Technology Stock Performance

NXTT traded up $0.10 during trading on Friday, hitting $1.56. The stock had a trading volume of 97,868 shares, compared to its average volume of 1,092,694. The company has a market capitalization of $119.27 million, a PE ratio of -0.02 and a beta of 7.15. Next Technology has a twelve month low of $0.45 and a twelve month high of $960.00. The stock has a 50 day simple moving average of $2.25 and a two-hundred day simple moving average of $7.39.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new position in shares of Next Technology in the 2nd quarter valued at $412,000. XTX Topco Ltd acquired a new stake in Next Technology during the 2nd quarter valued at approximately $76,000. Invesco Ltd. acquired a new stake in Next Technology during the 2nd quarter valued at approximately $788,000. Qube Research & Technologies Ltd purchased a new stake in shares of Next Technology in the 2nd quarter valued at $32,000. Finally, Vident Advisory LLC acquired a new stake in shares of Next Technology in the second quarter worth $124,000. Institutional investors and hedge funds own 2.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Next Technology in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Next Technology

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.