NextPlat Corp. (NASDAQ:NXPL – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 5,570 shares, a growth of 88.6% from the September 30th total of 2,954 shares. Based on an average daily trading volume, of 8,964 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are short sold.
NextPlat Price Performance
Shares of NASDAQ:NXPL opened at $8.30 on Tuesday. NextPlat has a 52 week low of $3.38 and a 52 week high of $9.94. The stock has a market cap of $22.49 million, a PE ratio of -2.26 and a beta of 1.90. 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 company’s fifty day moving average is $9.02 and its 200 day moving average is $6.84.
NextPlat (NASDAQ:NXPL – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.16. The business had revenue of $11.88 million during the quarter, compared to the consensus estimate of $11.00 million. NextPlat had a negative net margin of 20.38% and a negative return on equity of 54.66%. Research analysts anticipate that NextPlat will post -0.85 earnings per share for the current year.
Wall Street Analysts Forecast Growth
NXPL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of NextPlat to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextPlat in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.00.
Check Out Our Latest Analysis on NextPlat
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.
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