NextPlay Technologies (NASDAQ:NXTP) Releases Earnings Results, Misses Expectations By $0.18 EPS

NextPlay Technologies (NASDAQ:NXTPGet Rating) issued its quarterly earnings results on Tuesday. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.18), Fidelity Earnings reports. NextPlay Technologies had a negative net margin of 566.50% and a negative return on equity of 71.24%.

NXTP traded up $0.04 during trading on Thursday, reaching $0.31. 38,072 shares of the company’s stock were exchanged, compared to its average volume of 3,785,095. The company’s fifty day moving average price is $0.31 and its 200-day moving average price is $0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.91 and a current ratio of 1.91. NextPlay Technologies has a fifty-two week low of $0.17 and a fifty-two week high of $3.68. The firm has a market capitalization of $35.02 million, a PE ratio of -0.34 and a beta of 2.94.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new stake in NextPlay Technologies during the 1st quarter worth $64,000. BlackRock Inc. boosted its position in shares of NextPlay Technologies by 9.8% during the first quarter. BlackRock Inc. now owns 912,274 shares of the company’s stock worth $501,000 after purchasing an additional 81,227 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of NextPlay Technologies by 13.9% during the first quarter. Vanguard Group Inc. now owns 3,423,699 shares of the company’s stock worth $1,883,000 after purchasing an additional 418,384 shares in the last quarter. 25.11% of the stock is owned by hedge funds and other institutional investors.

About NextPlay Technologies (Get Rating)

NextPlay Technologies, Inc, a technology solutions company, provides games, in-game advertising, crypto-banking, connected TV, and travel booking services to consumers and corporations. The company is based in Sunrise, Florida.

See Also

Earnings History for NextPlay Technologies (NASDAQ:NXTP)

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