In yesterday’s Wall Street session, NextPlay Technologies Inc (NASDAQ:NXTP) shares traded at $0.93, up 29.09% from the previous session.
As of this writing, 1 analysts cover NextPlay Technologies Inc (NASDAQ:NXTP). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $20.00, we find $20.00. Given the previous closing price of $0.72, this indicates a potential upside of 2677.78 percent. NXTP stock price is now 46.00% away from the 50-day moving average and -12.69% away from the 200-day moving average. The market capitalization of the company currently stands at $5.55M.
There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $20.00 as their price target over the next twelve months.
With the price target of $3, H.C. Wainwright recently initiated with Buy rating for NextPlay Technologies Inc (NASDAQ: NXTP).
In other news, Sikora Timothy James, Chief Information Officer sold 22,000 shares of the company’s stock on Dec 14. The stock was sold for $3,300 at an average price of $0.15. Upon completion of the transaction, the Chief Information Officer now directly owns 6,000 shares in the company, valued at $5580.0. Insiders disposed of 22,000 shares of company stock worth roughly $20460.0 over the past 1 year. A total of 26.08% of the company’s stock is owned by insiders.
During the past 12 months, NextPlay Technologies Inc has had a low of $0.25 and a high of $4.40. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 1.06, and a quick ratio of 1.06. The fifty day moving average price for NXTP is $0.6368 and a two-hundred day moving average price translates $1.0648 for the stock.
The latest earnings results from NextPlay Technologies Inc (NASDAQ: NXTP) was released for Nov, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.55, beating analysts’ expectations of -$0.6 by 0.05. This compares to -$0.31 EPS in the same period last year. The net profit margin was -1296.07% and return on equity was -55.20% for NXTP. The company reported revenue of $0.63 million for the quarter, compared to $0.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.41 percent. For the current quarter, analysts expect NXTP to generate $2.17M in revenue.
NextPlay Technologies Inc(NXTP) Company Profile
NextPlay Technologies, Inc., a technology solutions company, provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. The company operates through three segments: Media, FinTech, and Travel. The Media segment provides HotPlay games studio, a game development studio that develops a range of casual games; HotPlay redemption mobile application, a digital wallet that is used to collect the HotPlay IGA rewards; HotPlay In game advertising and rewards platform, that enable advertisements and rewards to be inserted in game; goPlay platform, a gamification platform for users to compete against each other through tournaments and challenges, as well as a reward platform that rewards users for their continued loyalty and continuous game; and Zappware, a TV as a Service platform, which includes media source ingest, encoding and transcoding, packaging, protection, delivery, playback, and analytics that provide telco operators for their digital media processing, as well as a client side set top box and smart TV middleware platform, associated application framework and corresponding, and supporting content management system. The FinTech segment engages in the development of NextFinTech Platform, an integrated digital financial platform, which offers mobile banking, investments into alternative assets, and insurance to businesses and individuals. The Travel segment offers booking solutions for business and leisure; and travel technology solutions comprising alternative lodging rental properties under NextTrip ConNextions brand. The company was incorporated in 2005 and is based in Sunrise, Florida.
