Last Updated: 14 Nov 2024
Executive Summary
Next Technology Holding Inc. (NXTT) is a Chinese company that provides technical services and solutions through its social e-commerce platform. The company has a market capitalization of $9.05 million and trades on the NASDAQ exchange. NXTT's latest stock price is $2.06.
Company Overview
Next Technology Holding Inc. was founded in 2006 and is headquartered in Beijing, China. The company's social e-commerce platform, WeTrade, connects businesses with consumers through a variety of channels, including online marketplaces, social media, and mobile apps. WeTrade offers a wide range of products and services, including consumer electronics, home appliances, and fashion items.
Fundamental Analysis
NXTT's financial performance has been mixed in recent years. The company reported revenue of $26.3 million in the past twelve months, a decrease of 10.9% year-over-year. However, the company's net income increased by 12.5% to $1.1 million. NXTT's gross profit margin is 0%, and its operating margin is -0.9%. The company's return on assets is -2.5%, and its return on equity is 17.6%.
NXTT has a strong balance sheet, with $11.3 million in cash and equivalents and no debt. The company's current ratio is 2.2, and its quick ratio is 1.8.
Technical Analysis
NXTT's stock price has been trending down in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 30.1, which indicates that the stock is oversold.
Short Term Outlook
NXTT's stock price is likely to continue to trend down in the short term. The stock is currently trading below its key moving averages and its RSI is oversold. There is no major support level below the current price, so the stock could continue to fall.
Long Term Outlook
NXTT's long-term outlook is more positive. The company has a strong balance sheet and a growing business. The company's social e-commerce platform has the potential to be a major player in the Chinese market. If NXTT can continue to execute on its growth strategy, the stock could be a good long-term investment.
Analyst Recommendations
Analysts are mixed on NXTT's stock. Some analysts believe that the stock is undervalued and has the potential to rebound. Other analysts believe that the stock is overvalued and could continue to fall.
