NextPlay Technologies (NASDAQ:NXTP – Get Rating) posted its earnings results on Tuesday. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.18), Fidelity Earnings reports. NextPlay Technologies had a negative net margin of 566.50% and a negative return on equity of 71.24%.
NXTP stock opened at $0.27 on Thursday. The company’s 50 day moving average price is $0.31 and its 200 day moving average price is $0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.91 and a current ratio of 1.91. NextPlay Technologies has a fifty-two week low of $0.17 and a fifty-two week high of $3.68.
Several hedge funds have recently added to or reduced their stakes in NXTP. Vanguard Group Inc. increased its stake in shares of NextPlay Technologies by 13.9% during the first quarter. Vanguard Group Inc. now owns 3,423,699 shares of the company’s stock worth $1,883,000 after buying an additional 418,384 shares during the period. Bank of New York Mellon Corp purchased a new position in NextPlay Technologies in the first quarter valued at approximately $64,000. Finally, BlackRock Inc. increased its stake in NextPlay Technologies by 9.8% in the first quarter. BlackRock Inc. now owns 912,274 shares of the company’s stock valued at $501,000 after purchasing an additional 81,227 shares during the last quarter. Hedge funds and other institutional investors own 25.11% of the company’s stock.
NextPlay Technologies, Inc, a technology solutions company, provides games, in-game advertising, crypto-banking, connected TV, and travel booking services to consumers and corporations. The company is based in Sunrise, Florida.
- Get a free copy of the StockNews.com research report on NextPlay Technologies (NXTP)
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