Next Technology (NASDAQ:NXTT) Issues Earnings Results

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

Next Technology Price Performance

Shares of NXTT stock traded down $0.07 during trading hours on Friday, hitting $4.47. The stock had a trading volume of 9,257 shares, compared to its average volume of 18,927. The stock has a market capitalization of $6.57 million, a price-to-earnings ratio of -0.00 and a beta of 5.92. Next Technology has a one year low of $4.39 and a one year high of $1,949.00. The stock’s 50-day moving average price is $5.32 and its two-hundred day moving average price is $140.80.

Analyst Ratings Changes

Several research firms have recently issued reports on NXTT. Wall Street Zen cut shares of Next Technology to a “strong sell” rating in a research report on Saturday, August 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Next Technology in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company 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.