How Does Wall Street Rate Shares Of NextPlay Technologies Inc. (NXTP)?

NextPlay Technologies Inc. (NASDAQ:NXTP) saw a downside of -0.21% on Monday to $2.35 after subtracting $0.0. The 5-day average trading volume is 4,599,807 shares of the company’s common stock. It has gained $2.58 in the past week. An average of 1,261,862 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 564,761.

NXTP’s 1-month performance is 23.04% or $0.35 on its low of $1.26 reached on 10/05/21. The company’s shares have touched a 52-week low of $1.26 and high of $4.99, with the stock’s rally to the 52-week high happening on 03/18/21. YTD, NXTP has achieved 3.52% or $0.01. However, the current price is down -53.01%% from the 52-week high price.

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Valuation Metrics

NextPlay Technologies Inc. (NXTP) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.37 for the sector. The company’s PE ratio for the last five years has touched a high of 6.811 and a low of 3.567. NXTP stock has a beta of 2.75. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 2.18.

NextPlay Technologies Inc.’s quick ratio for the period ended May 30 was 1.20, with the current ratio over the same period at 1.20 meaning that NXTP stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending May 30 was 0.00, while the total debt to equity was 1.17The trailing 12-month EBITDA margin is -15437.65%. The firm’s gross profit as reported stood at $5000.0 against revenue of $48000.0.

Earnings Surprise

For the quarterly period ending May 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NXTP to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.38, representing a -192.30% surprise. EBITDA for the quarter stood at more than -$3.28 million. NXTP stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 28.2 million, with total debt at $12.8 million. Shareholders hold equity totaling $87.1 million

Technical Picture

Let’s look briefly at NextPlay Technologies Inc. (NXTP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 75.44% to suggest the stock is trending Overbought, with historical volatility in this time period at 149.87%.

The stock’s 5-day moving average is $1.90, reflecting a +71.43% or $0.95 change from its current price. NXTP is currently trading +26.67% above its 20-day SMA, -5.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +27.37% and -30.06% respectively.

Stochastic %K and %D was 82.31% and 68.81% and the average true range (ATR) pointed at 0.28. The RSI (14) points at 68.42%, while the 14-day stochastic is at 77.27% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at 0.53 and 0.61 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for NextPlay Technologies Inc. (NASDAQ: NXTP), H.C. Wainwright launched coverage with a Buy rating. Analysts offering their rating for NXTP stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NXTP as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is NXTP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $3.00 and a high of $6.50, with their median price target at $4.75. Looking at these predictions, the average price target given by analysts is for NextPlay Technologies Inc. (NXTP) stock is $4.75.


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