Nexalin Technology (NASDAQ:NXL – Get Free Report) announced its earnings results on Friday. The company reported ($0.28) earnings per share for the quarter, Zacks reports. Nexalin Technology had a negative net margin of 3,407.98% and a negative return on equity of 187.59%. The company had revenue of $0.03 million during the quarter.
Nexalin Technology Trading Up 10.3 %
Shares of NXL stock opened at $2.15 on Friday. Nexalin Technology has a 12-month low of $0.35 and a 12-month high of $4.49. The company has a market cap of $28.60 million, a price-to-earnings ratio of -3.36 and a beta of 4.33. The stock has a 50 day simple moving average of $2.85 and a 200-day simple moving average of $2.47.
Analyst Upgrades and Downgrades
Separately, Maxim Group reissued a “hold” rating on shares of Nexalin Technology in a research note on Thursday, December 5th.
Nexalin Technology Company Profile
Nexalin Technology, Inc, a medical device company, designs and develops neurostimulation products for the treatment of mental health in the United States and China. The company designs and develops Generation 2 and Generation 3, that is in clinical trials for the treatment of substance abuse issues related to opiate, cocaine, alcohol abuse, alzheimer's disease, and dementia.
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