Next Technology (NASDAQ:NXTT) Stock Price Down 3.3% - Time to Sell?

Key Points

• Next Technology Holding Inc. (NASDAQ:NXTT) experienced a stock price decline of 3.3%, trading down to $25.45 after reaching a low of $25.30.
• Analysts have mixed ratings for NXTT, with Weiss Ratings issuing a "sell (d)" rating while Wall Street Zen raised it to a "hold," indicating a prevailing consensus of "sell."
• The company reported an earnings per share of ($6.86) for the last quarter, alongside a significant drop in trading volume by 88% compared to its average.

Next Technology Holding Inc. (NASDAQ:NXTT - Get Free Report) was down 3.3% during trading on Wednesday . The company traded as low as $25.30 and last traded at $25.45. Approximately 53,786 shares changed hands during trading, a decline of 88% from the average daily volume of 441,284 shares. The stock had previously closed at $26.32.

Wall Street Analyst Weigh In

NXTT has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Next Technology to a "hold" rating in a research note on Saturday, June 21st. Weiss Ratings reissued a "sell (d)" rating on shares of Next Technology in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Next Technology has a consensus rating of "Sell".

Next Technology Stock Down 3.3%

The business's 50 day moving average is $135.12 and its 200-day moving average is $234.52.

Next Technology (NASDAQ:NXTT - Get Free Report) last announced its earnings results on Wednesday, October 8th. The company reported ($6.86) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Next Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in Next Technology during the 2nd quarter worth $92,000. Vident Advisory LLC acquired a new stake in Next Technology during the 2nd quarter worth $124,000. Qube Research & Technologies Ltd acquired a new stake in Next Technology during the 2nd quarter worth $32,000. Invesco Ltd. acquired a new stake in Next Technology during the 2nd quarter worth $788,000. Finally, XTX Topco Ltd acquired a new stake in Next Technology during the 2nd quarter worth $76,000. Institutional investors and hedge funds own 2.71% of the company's stock.

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.

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