NextPlay Technologies (NASDAQ:NXTP) Releases Quarterly Earnings Results, Misses Expectations By $0.18 EPS

NextPlay Technologies (NASDAQ:NXTP – Get Rating) released its quarterly earnings data on Tuesday. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate 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%.

NASDAQ NXTP opened at $0.27 on Thursday. NextPlay Technologies has a 1-year low of $0.17 and a 1-year high of $3.68. The business has a 50 day moving average price of $0.31 and a 200 day moving average price of $0.56. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.01.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NXTP. Bank of New York Mellon Corp purchased a new position in NextPlay Technologies during the first quarter worth $64,000. BlackRock Inc. increased its position in NextPlay Technologies by 9.8% during the first quarter. BlackRock Inc. now owns 912,274 shares of the company’s stock worth $501,000 after buying an additional 81,227 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in 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 in the last quarter. 25.11% of the stock is owned by hedge funds and other institutional investors.

NextPlay Technologies Company Profile (Get Rating)

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.

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