Next Technology (NASDAQ:NXTT) Posts Quarterly Earnings Results

Next Technology (NASDAQ:NXTT) issued its quarterly earnings results on Friday. The company reported $59.55 earnings per share for the quarter, FiscalAI reports. The company had revenue of $8.66 million during the quarter. Next Technology had a negative return on equity of 60.08% and a negative net margin of 2,355.97%.

Next Technology Stock Down 1.5%

Shares of NXTT traded down $0.07 during mid-day trading on Friday, hitting $4.47. 9,257 shares of the company traded hands, compared to its average volume of 18,927. Next Technology has a 1 year low of $4.39 and a 1 year high of $1,949.00. The stock has a 50-day moving average price of $5.32 and a two-hundred day moving average price of $140.80.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NXTT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Next Technology in a research report on Thursday, October 29th. Wall Street Zen downgraded shares of Next Technology to a “strong sell” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Next Technology Company Profile

Next Technology Holding Inc (NASDAQ:NXTT) is a technology holding company with operations historically associated with blockchain and digital asset-related services. Its activities have included cryptocurrency mining and the development or deployment of computing infrastructure used in blockchain applications.

The company has been associated with operations in China, although publicly available information about its current products, services, operating subsidiaries and geographic footprint is limited.