XWELL (NASDAQ:XWEL) Trading Up 10.3% – What’s Next?

XWELL, Inc. (NASDAQ:XWEL)’s stock price traded up 10.3% during trading on Wednesday . The company traded as high as $1.21 and last traded at $1.18. 83,402 shares were traded during trading, a decline of 30% from the average session volume of 118,791 shares. The stock had previously closed at $1.07.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of XWELL from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. Weiss Ratings lowered XWELL from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

XWELL Stock Performance

The stock has a market cap of $9.96 million, a price-to-earnings ratio of -0.21 and a beta of 1.01. The company has a 50-day simple moving average of $1.27 and a two-hundred day simple moving average of $0.93.

XWELL (NASDAQ:XWEL) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($1.51) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($0.51). The company had revenue of $6.64 million for the quarter, compared to analyst estimates of $2.37 million. XWELL had a negative return on equity of 2,318.99% and a negative net margin of 81.43%.

About XWELL

XWELL, Inc provides health and wellness services in airport and off airport marketplaces in the United States and internationally. It operates in four segments: XpresSpa, XpresTest, Naples Wax Center, and Treat. The XpresSpa segment traveler's spa services, including massage, nail, and skin care services, as well as spa and travel products. The XpresTest segment offers diagnostic COVID-19 tests at XpresCheck Wellness Centers in airports, to airport employees and to the traveling public but has transitioned to the CDC's bio-surveillance program; and provides marketing support through HyperPointe business to various health and health-related channels.