Next Technology (NASDAQ:NXTT) Issues Earnings Results

Next Technology (NASDAQ:NXTT) released its quarterly earnings results on Friday. The company reported $59.55 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $8.66 million for the quarter. Next Technology had a negative return on equity of 60.08% and a negative net margin of 2,355.97%.

Next Technology Stock Performance

Next Technology stock opened at $4.47 on Friday. The firm’s fifty day moving average price is $5.32 and its 200-day moving average price is $140.80. The stock has a market cap of $6.57 million, a P/E ratio of -0.00 and a beta of 5.92. Next Technology has a fifty-two week low of $4.39 and a fifty-two week high of $1,949.00.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NXTT. Wall Street Zen lowered Next Technology to a “strong sell” rating in a report on Saturday, August 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Next Technology in a research report on Thursday, October 29th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Next Technology Company Profile

Next Technology Holding Inc (NASDAQ:NXTT) is a technology holding company with operations historically associated with blockchain and digital asset-related services. Its activities have included cryptocurrency mining and the development or deployment of computing infrastructure used in blockchain applications.

The company has been associated with operations in China, although publicly available information about its current products, services, operating subsidiaries and geographic footprint is limited.