NextPlat Corp. (NASDAQ:NXPL) Short Interest Update

NextPlat Corp. (NASDAQ:NXPL) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 3,291 shares, a decline of 37.0% from the August 31st total of 5,222 shares. Based on an average daily trading volume, of 31,718 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Litchfield Hills Research assumed coverage on shares of NextPlat in a research note on Wednesday, June 24th. They set a “buy” rating and a $11.00 target price for the company. Wall Street Zen raised NextPlat to a “hold” rating in a research note on Saturday, August 22nd. Zacks Research upgraded NextPlat to a “hold” rating in a research report on Thursday, June 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NextPlat in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NextPlat has an average rating of “Hold” and a consensus target price of $11.00.

NextPlat Stock Up 1.0%

NXPL traded up $0.09 during trading on Friday, reaching $8.79. 2,936 shares of the stock were exchanged, compared to its average volume of 65,060. The stock’s 50 day moving average price is $8.21 and its two-hundred day moving average price is $6.82. The stock has a market cap of $23.83 million, a P/E ratio of -2.40 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.92 and a current ratio of 2.29. NextPlat has a twelve month low of $3.38 and a twelve month high of $11.10.

NextPlat (NASDAQ:NXPL) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.16. NextPlat had a negative net margin of 20.38% and a negative return on equity of 54.66%. The firm had revenue of $11.88 million during the quarter, compared to analysts’ expectations of $11.00 million. Equities analysts expect that NextPlat will post -0.85 EPS for the current year.

NextPlat Company Profile

NextPlat Corporation (NASDAQ: NXPL) is a technology-driven company with operations in e-commerce and healthcare. Its e-commerce business sells consumer products through online marketplaces, including Amazon and Walmart, as well as through direct-to-consumer websites. The company also provides e-commerce development, marketplace management, marketing, logistics and related services to brands seeking to expand their online presence.

NextPlat’s healthcare operations are conducted through Progressive Care, a subsidiary that provides pharmacy and related healthcare services.