Next Technology (NASDAQ:NXTT) Stock Price Down 10% - Should You Sell?

Key Points

• Next Technology Holding Inc. (NASDAQ:NXTT) shares dropped 10% during trading, closing at $2.14 with a significant decrease in trading volume of 96% compared to the average session.
• Despite the recent decline, Wall Street Zen upgraded Next Technology to a "hold" rating, indicating potential growth prospects.
• The company reported a loss of ($0.01) earnings per share in its latest quarterly earnings results, which were published on May 9th.
• Next Technology specializes in providing technical services through its social e-commerce platform, focusing on Mainland China and leveraging big data and AI solutions.

Next Technology Holding Inc. (NASDAQ:NXTT - Get Free Report) fell 10% during trading on Friday . The company traded as low as $2.14 and last traded at $2.14. 138,223 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 3,267,323 shares. The stock had previously closed at $2.38.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Next Technology to a "hold" rating in a research report on Saturday, June 21st.

Next Technology Stock Performance

The stock's 50 day simple moving average is $2.11 and its 200-day simple moving average is $1.36.

Next Technology (NASDAQ:NXTT - Get Free Report) last released its earnings results on Friday, May 9th. The company reported ($0.01) earnings per share for the quarter.

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.