XWELL (NASDAQ:XWEL) Releases Earnings Results, Misses Expectations By $0.51 EPS

XWELL (NASDAQ:XWEL) issued its quarterly earnings data on Wednesday. The company reported ($1.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.51), Zacks reports. XWELL had a negative net margin of 58.17% and a negative return on equity of 352.37%.

XWELL Stock Performance

Shares of XWELL stock remained flat at $1.46 on Wednesday. The stock had a trading volume of 48,469 shares, compared to its average volume of 5,649,626. XWELL has a fifty-two week low of $0.26 and a fifty-two week high of $2.20. The firm has a market cap of $11.58 million, a PE ratio of -0.29 and a beta of 1.01. The business has a 50-day moving average price of $1.28 and a 200 day moving average price of $0.88.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XWEL. Wall Street Zen lowered XWELL from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings lowered XWELL from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

XWELL Company Profile

XWELL, Inc provides health and wellness services in airport and off airport marketplaces in the United States and internationally. It operates in four segments: XpresSpa, XpresTest, Naples Wax Center, and Treat. The XpresSpa segment traveler's spa services, including massage, nail, and skin care services, as well as spa and travel products. The XpresTest segment offers diagnostic COVID-19 tests at XpresCheck Wellness Centers in airports, to airport employees and to the traveling public but has transitioned to the CDC's bio-surveillance program; and provides marketing support through HyperPointe business to various health and health-related channels.