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NASDAQ:NXL

Nexalin Technology (NXL) Stock Price, News & Analysis

Nexalin Technology logo
$3.35 +0.01 (+0.30%)
(As of 11:25 AM ET)

About Nexalin Technology Stock (NASDAQ:NXL)

Key Stats

Today's Range
$3.03
$3.44
50-Day Range
$0.62
$3.80
52-Week Range
$0.25
$4.05
Volume
529,148 shs
Average Volume
1.47 million shs
Market Capitalization
$35.47 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.00
Consensus Rating
Buy

Company Overview

Nexalin Technology, Inc., a medical device company, designs and develops neurostimulation products for the treatment of mental health in the United States and China. The company designs and develops Generation 2 and Generation 3, that is in clinical trials for the treatment of substance abuse issues related to opiate, cocaine, alcohol abuse, alzheimer's disease, and dementia. It also licenses and sells Nexalin Device, a non-invasive and undetectable to the human body that can provide relief to its afflicted with mental health issues. The company is based in Houston, Texas.

Nexalin Technology Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
23rd Percentile Overall Score

NXL MarketRank™: 

Nexalin Technology scored higher than 23% of companies evaluated by MarketBeat, and ranked 261st out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Nexalin Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Nexalin Technology has only been the subject of 1 research reports in the past 90 days.

  • Read more about Nexalin Technology's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Nexalin Technology is -5.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Nexalin Technology is -5.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Nexalin Technology has a P/B Ratio of 7.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Nexalin Technology's valuation and earnings.
  • Percentage of Shares Shorted

    15.95% of the float of Nexalin Technology has been sold short.
  • Short Interest Ratio / Days to Cover

    Nexalin Technology has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Nexalin Technology has recently increased by 1,281.16%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Nexalin Technology does not currently pay a dividend.

  • Dividend Growth

    Nexalin Technology does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    15.95% of the float of Nexalin Technology has been sold short.
  • Short Interest Ratio / Days to Cover

    Nexalin Technology has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Nexalin Technology has recently increased by 1,281.16%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Nexalin Technology has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Nexalin Technology this week, compared to 1 article on an average week.
  • Search Interest

    9 people have searched for NXL on MarketBeat in the last 30 days. This is an increase of 350% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Nexalin Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Nexalin Technology insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,095.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    24.00% of the stock of Nexalin Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 0.65% of the stock of Nexalin Technology is held by institutions.

  • Read more about Nexalin Technology's insider trading history.
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NXL Stock News Headlines

Nexalin Technology releases letter to shareholders
J.P. Morgan’s warns of "most predictable crisis in history"
When the largest bank in the U.S. says a crisis is coming - you NEED to listen.
See More Headlines

NXL Stock Analysis - Frequently Asked Questions

Nexalin Technology's stock was trading at $0.4048 on January 1st, 2024. Since then, NXL shares have increased by 735.0% and is now trading at $3.38.
View the best growth stocks for 2024 here
.

Nexalin Technology, Inc. (NASDAQ:NXL) released its quarterly earnings data on Friday, November, 8th. The company reported ($0.23) EPS for the quarter. The company had revenue of $0.04 million for the quarter. Nexalin Technology had a negative trailing twelve-month return on equity of 213.51% and a negative net margin of 3,578.81%.

Nexalin Technology (NXL) raised $10 million in an initial public offering on Friday, September 16th 2022. The company issued 2,315,000 shares at $4.15 per share.

Shares of NXL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Nexalin Technology investors own include Meta Platforms (META), NVIDIA (NVDA), Faraday Future Intelligent Electric (FFIE), Intel (INTC), PayPal (PYPL), Advanced Micro Devices (AMD) and DoorDash (DASH).

Company Calendar

Last Earnings
11/08/2024
Today
11/12/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/26/2025

Industry, Sector and Symbol

Industry
Electromedical equipment
Sub-Industry
Medical Equipment
Current Symbol
NASDAQ:NXL
Fax
N/A
Employees
3
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.00
High Stock Price Target
$3.00
Low Stock Price Target
$3.00
Potential Upside/Downside
-10.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-4,650,000.00
Net Margins
-3,578.81%
Pretax Margin
-3,590.07%

Debt

Sales & Book Value

Annual Sales
$150,159.00
Book Value
$0.43 per share

Miscellaneous

Free Float
8,046,000
Market Cap
$35.36 million
Optionable
Not Optionable
Beta
3.50
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This page (NASDAQ:NXL) was last updated on 11/12/2024 by MarketBeat.com Staff
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