Next Technology (NASDAQ:NXTT) Announces Earnings Results

Next Technology (NASDAQ:NXTT) released its quarterly earnings data on Friday. The company reported ($0.20) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $0.84 million during the quarter.

Next Technology Stock Down 14.3%

Shares of NXTT opened at $0.61 on Friday. The company’s fifty day moving average is $1.29 and its 200-day moving average is $2.60. Next Technology has a 12 month low of $0.45 and a 12 month high of $476.00. The firm has a market cap of $46.84 million, a price-to-earnings ratio of -0.00 and a beta of 6.06.

Institutional Investors Weigh In On Next Technology

Several institutional investors and hedge funds have recently modified their holdings of the business. Qube Research & Technologies Ltd bought a new stake in Next Technology in the second quarter worth $32,000. BNP Paribas Financial Markets bought a new position in Next Technology during the third quarter valued at about $42,000. Empowered Funds LLC acquired a new stake in shares of Next Technology in the fourth quarter worth about $61,000. Bridgeway Capital Management LLC acquired a new stake in shares of Next Technology in the fourth quarter worth about $61,000. Finally, XTX Topco Ltd acquired a new position in shares of Next Technology during the 2nd quarter valued at about $76,000. Institutional investors and hedge funds own 2.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Next Technology in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Next Technology presently has an average rating of “Sell”.

About Next Technology

Next Technology Holding Inc provides technical services and solutions through its social e-commerce platform primarily in Mainland China. It offers YCloud, a micro-business cloud intelligent internationalization system that conducts multi-channel data analysis through the learning of big data and social recommendation relationships, as well as provides users with AI fission and management systems, and supply chain systems. The company’s YCloud system also provides micro-business owners with various payment methods, such as Alipay, WeChat, and UnionPay.