NextPlat Corp. (NASDAQ:NXPL) Short Interest Update

NextPlat Corp. (NASDAQ:NXPL) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,291 shares, a decrease of 37.0% from the August 31st total of 5,222 shares. Based on an average trading volume of 31,718 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NXPL shares. Zacks Research raised NextPlat to a “hold” rating in a research report on Thursday, June 25th. Litchfield Hills Research started coverage on NextPlat in a research report on Wednesday, June 24th. They issued a “buy” rating and a $11.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextPlat in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded shares of NextPlat to a “hold” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.00.

NextPlat Price Performance

NXPL stock opened at $8.55 on Friday. NextPlat has a 52-week low of $3.38 and a 52-week high of $11.10. The stock’s fifty day simple moving average is $8.27 and its 200-day simple moving average is $6.83. The company has a quick ratio of 1.92, a current ratio of 2.29 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $23.17 million, a price-to-earnings ratio of -2.33 and a beta of 1.90.

NextPlat (NASDAQ:NXPL) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.16. The business had revenue of $11.88 million during the quarter, compared to analyst estimates of $11.00 million. NextPlat had a negative net margin of 20.38% and a negative return on equity of 54.66%. Equities research analysts expect that NextPlat will post -0.85 EPS for the current year.

NextPlat Company Profile

NextPlat Corporation (NASDAQ: NXPL) is a technology-driven company with operations in e-commerce and healthcare. Its e-commerce business sells consumer products through online marketplaces, including Amazon and Walmart, as well as through direct-to-consumer websites. The company also provides e-commerce development, marketplace management, marketing, logistics and related services to brands seeking to expand their online presence.

NextPlat’s healthcare operations are conducted through Progressive Care, a subsidiary that provides pharmacy and related healthcare services.