NextPlay Technologies (NASDAQ:NXTP) Announces Earnings Results

NextPlay Technologies (NASDAQ:NXTP) released its quarterly earnings results on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.02), MarketWatch Earnings reports. NextPlay Technologies had a negative return on equity of 83.08% and a negative net margin of 1,132.17%.

NXTP opened at $0.68 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.21. NextPlay Technologies has a twelve month low of $0.63 and a twelve month high of $4.99. The business’s 50-day moving average price is $1.02.

Several institutional investors and hedge funds have recently modified their holdings of NXTP. Goldman Sachs Group Inc. purchased a new position in NextPlay Technologies during the 3rd quarter valued at about $52,000. Morgan Stanley bought a new position in shares of NextPlay Technologies in the third quarter worth about $78,000. Geode Capital Management LLC grew its holdings in NextPlay Technologies by 30.2% during the 3rd quarter. Geode Capital Management LLC now owns 149,379 shares of the company’s stock valued at $200,000 after buying an additional 34,621 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in shares of NextPlay Technologies during the 3rd quarter worth approximately $239,000. Institutional investors own 22.02% of the company’s stock.

NXTP has been the subject of several research reports. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of NextPlay Technologies in a research note on Tuesday, October 26th. Zacks Investment Research upgraded shares of NextPlay Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, December 29th.

About NextPlay Technologies

NextPlay Technologies, Inc provides digital advertising services. It operates as a technology solutions company, which offers gaming, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. The company was is headquartered in Sunrise, FL.

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Earnings History for NextPlay Technologies (NASDAQ:NXTP)

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