Next Technology (NASDAQ:NXTT) Posts Earnings Results

Next Technology (NASDAQ:NXTT) issued its earnings results on Tuesday. The company reported ($110.08) EPS for the quarter, FiscalAI reports. The firm had revenue of $9.83 million for the quarter.

Next Technology Stock Performance

Shares of NXTT opened at $2.10 on Thursday. The stock has a fifty day moving average price of $3.25 and a two-hundred day moving average price of $10.62. Next Technology has a 52-week low of $0.45 and a 52-week high of $960.00. The company has a market cap of $10.25 million, a price-to-earnings ratio of 0.01 and a beta of 7.14.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Next Technology in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Next Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in shares of Next Technology in the third quarter valued at about $42,000. Empowered Funds LLC bought a new stake in Next Technology during the 4th quarter worth about $61,000. Bridgeway Capital Management LLC acquired a new stake in Next Technology in the 4th quarter valued at about $61,000. Qube Research & Technologies Ltd acquired a new stake in Next Technology in the 2nd quarter valued at about $32,000. Finally, DRW Securities LLC bought a new position in shares of Next Technology in the fourth quarter worth about $183,000. 2.71% of the stock is currently owned by institutional investors and hedge funds.

Next Technology Company Profile

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.