The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Nexalin Technology Inc’s current trading price is -43.46% away from its 52-week high, while its distance from the 52-week low is 805.85%. The stock’s price range for this period has been between $0.25 and $4.05 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 17.64 million for the day, a number notably higher than the average daily volume of 0.73 million over the last three months.
Nexalin Technology Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $4.05 on 06/26/24, while the lowest price for the same duration was marked at $0.25 on 02/13/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Nexalin Technology Inc (NXL) has experienced a quarterly rise of 92.44% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.25M and boasts a workforce of 6 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.09, with a change in price of +1.58. Similarly, Nexalin Technology Inc recorded 2,372,657 in trading volume during the last 100 days, posting a change of +222.54%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for NXL stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.
NXL Stock Stochastic Average
Nexalin Technology Inc’s raw stochastic average for the past 50 days is presently 73.58%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 73.58%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 71.40% and 78.52%, respectively.
NXL Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. This year’s metric has recorded a Price increase of 465.71%. However, over the past six months, we’ve seen a weaker performance of 59.03%. The price of NXL fallen by 241.59% over the last 30 days. And in the last five days, it has surged by 81.75%.
