Next Technology (NASDAQ:NXTT) Releases Quarterly Earnings Results

Next Technology (NASDAQ:NXTT) released its earnings results on Tuesday. The company reported ($110.08) earnings per share for the quarter, FiscalAI reports. The company had revenue of $9.83 million for the quarter.

Next Technology Stock Up 14.0%

NXTT stock traded up $0.29 during midday trading on Wednesday, hitting $2.34. The company’s stock had a trading volume of 313,863 shares, compared to its average volume of 1,380,997. Next Technology has a 12 month low of $0.45 and a 12 month high of $960.00. The company has a 50 day moving average of $3.33 and a two-hundred day moving average of $10.68. The firm has a market capitalization of $11.41 million, a price-to-earnings ratio of 0.05 and a beta of 7.19.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Next Technology in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Next Technology

Hedge funds have recently modified their holdings of the stock. Invesco Ltd. bought a new position in Next Technology during the second quarter valued at $788,000. Geode Capital Management LLC bought a new stake in shares of Next Technology in the 2nd quarter worth about $412,000. Vident Advisory LLC purchased a new stake in shares of Next Technology during the 2nd quarter valued at about $124,000. Tower Research Capital LLC TRC purchased a new stake in shares of Next Technology during the 2nd quarter valued at about $92,000. Finally, XTX Topco Ltd bought a new position in shares of Next Technology in the 2nd quarter valued at about $76,000. Hedge funds and other institutional investors own 2.71% of the company’s stock.

Next Technology Company Profile

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.