NextPlat (NASDAQ:NXPL) Stock Price Down 10.7% – What’s Next?

NextPlat Corp (NASDAQ:NXPL)’s stock price fell 10.7% during trading on Monday . The stock traded as low as $0.55 and last traded at $0.55. 275,442 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 200,531 shares. The stock had previously closed at $0.62.

NextPlat Price Performance

The business’s 50 day moving average price is $0.90 and its two-hundred day moving average price is $1.03. The company has a current ratio of 3.70, a quick ratio of 3.04 and a debt-to-equity ratio of 0.04. The stock has a market cap of $12.36 million, a P/E ratio of -0.70 and a beta of 0.95.

NextPlat (NASDAQ:NXPL) last released its earnings results on Monday, March 24th. The company reported ($0.10) earnings per share (EPS) for the quarter. NextPlat had a negative net margin of 19.11% and a positive return on equity of 14.24%. The business had revenue of $15.63 million for the quarter.

Institutional Trading of NextPlat

A hedge fund recently bought a new stake in NextPlat stock. Renaissance Technologies LLC purchased a new position in NextPlat Corp (NASDAQ:NXPL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,000 shares of the company’s stock, valued at approximately $30,000. Renaissance Technologies LLC owned about 0.11% of NextPlat at the end of the most recent reporting period. 1.30% of the stock is currently owned by institutional investors and hedge funds.

About NextPlat

NextPlat Corp operates as a healthcare and e-commerce company in Europe, North America, South America, the Asia and Pacific, and Africa. The company operates full-service retail specialty services pharmacies that provides prescription pharmaceuticals prescription pharmaceuticals, third-party administration, risk and data management services, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, contracted pharmacy services, and health practice risk management to healthcare organizations and providers, as well as supplies prescription medications to long-term care facilities.