NextPlay Technologies (NASDAQ:NXTP) Posts Earnings Results

NextPlay Technologies (NASDAQ:NXTP) posted its earnings results on Wednesday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02), MarketWatch Earnings reports. NextPlay Technologies had a negative return on equity of 83.08% and a negative net margin of 1,132.17%.

Shares of NXTP stock traded up $0.10 on Friday, hitting $0.78. The stock had a trading volume of 25,095,042 shares, compared to its average volume of 3,212,866. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50 day moving average is $1.02. NextPlay Technologies has a 12-month low of $0.63 and a 12-month high of $4.99.

A number of analysts have commented on NXTP shares. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of NextPlay Technologies in a report on Tuesday, October 26th. Zacks Investment Research upgraded NextPlay Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, December 29th.

Large investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in shares of NextPlay Technologies in the 3rd quarter worth approximately $239,000. Geode Capital Management LLC boosted its position in NextPlay Technologies by 30.2% in the third quarter. Geode Capital Management LLC now owns 149,379 shares of the company’s stock worth $200,000 after purchasing an additional 34,621 shares during the last quarter. Morgan Stanley bought a new position in NextPlay Technologies in the 3rd quarter valued at $78,000. Finally, Goldman Sachs Group Inc. bought a new position in NextPlay Technologies in the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 22.02% of the company’s stock.

NextPlay Technologies Company Profile

NextPlay Technologies, Inc provides digital advertising services. It operates as a technology solutions company, which offers gaming, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. The company was is headquartered in Sunrise, FL.

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Earnings History for NextPlay Technologies (NASDAQ:NXTP)

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