Polaris Wealth Advisory Group LLC recently announced the acquisition of new stake in NextPlay Technologies Inc (NASDAQ:NXTP). This fresh investment now brings its stake to 1.61% valued currently at $39341.0. In addition, Two Sigma Securities LLC raised its holdings by 72787.0 to 72787.0 shares. And Geode Capital Management LLC has lifted its position by 27.15% or 8926.0 shares – to 41807.0 shares.
With over 93.55 million NextPlay Technologies Inc (NXTP) shares trading Friday and a closing price of $2.73 on the day, the dollar volume was approximately $255.4 million. The shares have shown a positive half year performance of 165.05% and its price on 12/22/23 gained nearly 201.66%. Currently, there are 5.97M common shares owned by the public and among those 4.41M shares have been available to trade.
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Insiders at the company have transacted a total of 14 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 14 of these insider trades were purchases, accounting for 89,254 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in NextPlay Technologies Inc are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Total Market Index Fund. Vanguard Extended Market Index Fu owns 28329.0 shares of the company’s stock, all valued at over $11615.0. Fidelity Total Market Index Fund now owns shares totaling to 0.08% of the shares outstanding.
Shares of NextPlay Technologies Inc (NASDAQ: NXTP) opened at $1.88, up $0.98 from a prior closing price of $0.90. However, the script later moved the day high at 3.8000, up 201.66%. The company’s stock has a 5-day price change of 152.78% and 200.00% over the past three months. NXTP shares are trading 19.21% year to date (YTD), with the 12-month market performance up to 16.67% higher. It has a 12-month low price of $0.25 and touched a high of $3.26 over the same period. NXTP has an average intraday trading volume of 2.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 272.16%, 307.33%, and 162.72% respectively.
Institutional ownership of NextPlay Technologies Inc (NASDAQ: NXTP) shares accounts for 5.44% of the company’s 5.97M shares outstanding. Mutual fund holders own 28.76%, while other institutional holders and individual stakeholders account for 4.35% and 1.09% respectively.
It has a market capitalization of $16.30M and a beta (3y monthly) value of 2.13. The earnings-per-share (ttm) stands at -$6.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 47.32% over the week and 58.03% over the month.
Analysts forecast that NextPlay Technologies Inc (NXTP) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$5.4 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate NextPlay Technologies Inc (NXTP) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the NXTP, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on August 20, 2021, with the firm’s price target at $3.
