XWELL (NASDAQ:XWEL) Stock Price Down 6.6% – Time to Sell?

XWELL, Inc. (NASDAQ:XWEL) shares were down 6.6% during mid-day trading on Friday . The stock traded as low as $0.3940 and last traded at $0.3940. Approximately 56,888 shares changed hands during trading, a decline of 3% from the average daily volume of 58,728 shares. The stock had previously closed at $0.4220.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XWELL in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

XWELL Price Performance

The company has a market cap of $2.27 million, a price-to-earnings ratio of -0.12 and a beta of 1.32. The company’s 50-day simple moving average is $0.67 and its 200-day simple moving average is $0.92.

XWELL (NASDAQ:XWEL) last posted its earnings results on Friday, November 14th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $7.35 million for the quarter. XWELL had a negative return on equity of 352.37% and a negative net margin of 51.85%.

About XWELL

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.