XWELL (NASDAQ:XWEL) Trading 0.9% Higher – Time to Buy?

Shares of XWELL, Inc. (NASDAQ:XWEL) shot up 0.9% on Thursday . The stock traded as high as $1.10 and last traded at $1.07. 24,013 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 102,763 shares. The stock had previously closed at $1.06.

Wall Street Analyst Weigh In

Several equities analysts recently commented on XWEL shares. Weiss Ratings downgraded XWELL from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Wall Street Zen cut XWELL from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, XWELL has a consensus rating of “Sell”.

XWELL Price Performance

The stock has a market capitalization of $9.03 million, a P/E ratio of -0.19 and a beta of 1.03. The company’s 50 day simple moving average is $1.25 and its two-hundred day simple moving average is $0.97.

XWELL (NASDAQ:XWEL) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($1.51) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($0.51). The firm had revenue of $6.64 million for the quarter, compared to analyst estimates of $2.37 million. XWELL had a negative return on equity of 2,318.99% and a negative net margin of 81.43%.

About XWELL

XWELL, Inc provides health and wellness services in airport and off airport marketplaces in the United States and internationally. It operates in four segments: XpresSpa, XpresTest, Naples Wax Center, and Treat. The XpresSpa segment traveler's spa services, including massage, nail, and skin care services, as well as spa and travel products. The XpresTest segment offers diagnostic COVID-19 tests at XpresCheck Wellness Centers in airports, to airport employees and to the traveling public but has transitioned to the CDC's bio-surveillance program; and provides marketing support through HyperPointe business to various health and health-related channels.