NextPlat (NASDAQ:NXPL) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

NextPlat Corp. (NASDAQ:NXPL)’s share price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $6.88 and traded as low as $5.86. NextPlat shares last traded at $6.69, with a volume of 52,956 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NXPL. Weiss Ratings restated a “sell (d-)” rating on shares of NextPlat in a report on Wednesday, November 4th. Wall Street Zen upgraded 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 given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

NextPlat Price Performance

The company has a current ratio of 2.29, a quick ratio of 1.92 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $18.13 million, a PE ratio of -1.82 and a beta of 1.95. The stock’s 50-day moving average is $8.80 and its two-hundred day moving average is $6.88.

NextPlat (NASDAQ:NXPL) last announced its quarterly earnings data on Thursday, November 12th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.18. NextPlat had a negative net margin of 20.38% and a negative return on equity of 54.66%. The business had revenue of $10.50 million during the quarter, compared to the consensus estimate of $13.00 million. On average, equities analysts predict that NextPlat Corp. will post -0.85 EPS for the current year.

About NextPlat

NextPlat Corp. (NASDAQ: NXPL) is a technology-focused company operating in the e-commerce and healthcare sectors. The company develops and manages online commerce businesses, including the sale of consumer products through major digital marketplaces and direct-to-consumer channels. Through its e-commerce operations, NextPlat provides online retail, marketplace management, and related digital commerce services designed to help brands market and distribute products across platforms such as Amazon, Walmart, eBay, and Shopify.