Next Technology (NASDAQ:NXTT) Shares Up 8.4% - Time to Buy?

Key Points

• Shares of Next Technology Holding Inc. (NASDAQ:NXTT) increased by 8.4% on Thursday, reaching a last traded price of $1.94.
• The company's stock trading volume was approximately 170,380 shares, significantly lower than its average daily volume of 3,186,880 shares.
• Wall Street Zen has upgraded Next Technology to a "hold" rating, potentially indicating a more positive outlook for the stock.

Next Technology Holding Inc. (NASDAQ:NXTT - Get Free Report) rose 8.4% during trading on Thursday . The stock traded as high as $1.88 and last traded at $1.94. Approximately 170,380 shares traded hands during trading, a decline of 95% from the average daily volume of 3,186,880 shares. The stock had previously closed at $1.79.

Analysts Set New Price Targets

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

Next Technology Stock Performance

The firm has a 50 day moving average of $2.09 and a 200 day moving average of $1.35.

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

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.