NextPlat (NASDAQ:NXPL) Upgraded to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of NextPlat (NASDAQ:NXPL – Free Report) to a hold rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of NextPlat in a research note on Friday, August 7th. Zacks Research raised NextPlat to a “hold” rating in a research note on Thursday, June 25th. Finally, Litchfield Hills Research started coverage on NextPlat in a research note on Wednesday, June 24th. They set a “buy” rating and a $11.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.00.

View Our Latest Stock Report on NextPlat

NextPlat Price Performance

NXPL stock opened at $9.15 on Friday. The firm has a 50 day simple moving average of $6.65 and a two-hundred day simple moving average of $6.03. The stock has a market cap of $24.80 million, a PE ratio of -2.49 and a beta of 1.83. NextPlat has a one year low of $3.38 and a one year high of $11.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.29 and a quick ratio of 2.12.

NextPlat (NASDAQ:NXPL – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.16. NextPlat had a negative net margin of 20.38% and a negative return on equity of 54.66%. The firm had revenue of $11.88 million for the quarter, compared to analysts’ expectations of $11.00 million. On average, analysts predict that NextPlat will post -0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On NextPlat

An institutional investor recently bought a new stake in NextPlat stock. Citadel Advisors LLC bought a new position in shares of NextPlat Corp. (NASDAQ:NXPL – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 48,176 shares of the company’s stock, valued at approximately $40,000. Citadel Advisors LLC owned 0.19% of NextPlat at the end of the most recent quarter. 1.30% of the stock is currently owned by hedge funds and other institutional investors.

About NextPlat

(Get Free Report)

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.

Read More