NextPlat Corp (NASDAQ: NXPL) is -37.77% lower on its value in year-to-date trading and has touched a low of $0.63 and a high of $2.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NXPL stock was last observed hovering at around $0.80 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $0.67, the stock is -21.74% and -28.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.01 million and changing -15.99% at the moment leaves the stock -38.34% off its SMA200. NXPL registered -54.93% loss for a year compared to 6-month loss of -42.06%. The firm has a 50-day simple moving average (SMA 50) of $0.9352 and a 200-day simple moving average (SMA200) of $1.0902.
The stock witnessed a -29.26% gain in the last 1 month and extending the period to 3 months gives it a -45.36%, and is -12.74% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 23.15% over the week and 12.09% over the month.
NextPlat Corp (NXPL) has around 180 employees, a market worth around $17.45M and $65.48M in sales. Profit margin for the company is -21.42%. Distance from 52-week low is 6.68% and -74.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-49.82%).
14.0 institutions hold shares in NextPlat Corp (NXPL), with institutional investors hold 5.89% of the company’s shares. The shares outstanding are 25.96M, and float is at 13.98M with Short Float at 0.40%. Institutions hold 3.44% of the Float.
The top institutional shareholder in the company is GEODE CAPITAL MANAGEMENT, LLC with over 92328.0 shares valued at $99730.0. The investor’s holdings represent 0.4905 of the NXPL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 62448.0 shares valued at $67444.0 to account for 0.3317 of the shares outstanding. The other top investors are STATE STREET CORP which holds 25655.0 shares representing 0.1363 and valued at over $27707.0, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.0983 of the shares totaling 18502.0 with a market value of $19982.0.
NextPlat Corp (NXPL) Insider Activity
The most recent transaction is an insider purchase by Miller John Edward, the company’s Director. SEC filings show that Miller John Edward bought 5,000 shares of the company’s common stock on Apr 16 ’24 at a price of $1.43 per share for a total of $7150.0. Following the purchase, the insider now owns 28000.0 shares.
