NextPlat (NASDAQ:NXPL) Shares Cross Below 200-Day Moving Average – What’s Next?

NextPlat Corp. (NASDAQ:NXPL)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $6.88 and traded as low as $5.86. NextPlat shares last traded at $6.69, with a volume of 52,956 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NXPL shares. Weiss Ratings restated a “sell (d-)” rating on shares of NextPlat in a report on Wednesday, November 4th. Wall Street Zen upgraded shares of NextPlat to a “hold” rating in a report on Saturday, August 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, NextPlat presently has a consensus rating of “Hold” and a consensus target price of $11.00.

NextPlat Stock Down 19.3%

The firm has a market capitalization of $18.13 million, a PE ratio of -1.82 and a beta of 1.95. The company has a fifty day simple moving average of $8.80 and a two-hundred day simple moving average of $6.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.92 and a current ratio of 2.29.

NextPlat (NASDAQ:NXPL) last posted its quarterly earnings results on Thursday, November 12th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.18. The business had revenue of $10.50 million for the quarter, compared to the consensus estimate of $13.00 million. NextPlat had a negative return on equity of 54.66% and a negative net margin of 20.38%. Analysts forecast that NextPlat Corp. will post -0.85 EPS for the current fiscal year.

NextPlat Company Profile

NextPlat Corp. (NASDAQ: NXPL) is a technology-focused company operating in the e-commerce and healthcare sectors. The company develops and manages online commerce businesses, including the sale of consumer products through major digital marketplaces and direct-to-consumer channels. Through its e-commerce operations, NextPlat provides online retail, marketplace management, and related digital commerce services designed to help brands market and distribute products across platforms such as Amazon, Walmart, eBay, and Shopify.