Nexalin Technology Stock Price on August 15, 2024
| NXL Stock | USD 3.85 0.05 1.28% |
If you're considering investing in Nexalin Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nexalin Technology stands at 3.85, as last reported on the 26th of November, with the highest price reaching 4.22 and the lowest price hitting 3.72 during the day. Nexalin Technology is extremely dangerous given 3 months investment horizon. Nexalin Technology has Sharpe Ratio of 0.24, which conveys that the firm had a 0.24% return per unit of risk over the last 3 months. We have analyzed and interpolated twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.94% are justified by taking the suggested risk. Use Nexalin Technology Mean Deviation of 8.31, risk adjusted performance of 0.1842, and Downside Deviation of 7.95 to evaluate company specific risk that cannot be diversified away.
At this time, Nexalin Technology's Total Stockholder Equity is quite stable compared to the past year. Common Stock Shares Outstanding is expected to rise to about 8 M this year, although the value of Other Stockholder Equity will most likely fall to about 77 M. . At this time, Nexalin Technology's Price Book Value Ratio is quite stable compared to the past year. Price To Book Ratio is expected to rise to 0.98 this year, although the value of Price Earnings Ratio will most likely fall to (0.67). Nexalin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nexalin |
Sharpe Ratio = 0.2367
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Estimated Market Risk
| 12.42 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.94 actual daily | 58 58% of assets have lower returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average Nexalin Technology is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nexalin Technology by adding it to a well-diversified portfolio.
Price Book 10.1175 | Enterprise Value Ebitda 0.0236 | Price Sales 334.0475 | Shares Float 8.1 M | Wall Street Target Price 3 |
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Nexalin Technology Valuation on August 15, 2024
It is possible to determine the worth of Nexalin Technology on a given historical date. On August 15, 2024 Nexalin was worth 1.0 at the beginning of the trading date compared to the closed value of 0.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nexalin Technology stock. Still, in general, we apply an absolute valuation method to find Nexalin Technology's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nexalin Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nexalin Technology's related companies.
| Open | High | Low | Close | Volume | |
| 0.97 | 0.99 | 0.95 | 0.98 | 91,862 | |
08/15/2024 | 1.00 | 1.03 | 0.94 | 0.98 | 240,936 |
| 1.00 | 1.00 | 0.96 | 0.98 | 66,833 |
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Nexalin Technology Trading Date Momentum on August 15, 2024
| On August 16 2024 Nexalin Technology was traded for 0.98 at the closing time. Highest Nexalin Technology's price during the trading hours was 1.00 and the lowest price during the day was 0.96 . The net volume was 66.8 K. The overall trading history on the 16th of August 2024 did not cause price change. The trading delta at closing time to current price is 2.04% . |
Nexalin Technology Fundamentals Correlations and Trends
By evaluating Nexalin Technology's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nexalin Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nexalin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nexalin Technology Stock history
Nexalin Technology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nexalin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nexalin Technology will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nexalin Technology stock prices may prove useful in developing a viable investing in Nexalin Technology
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 7.4 M | 8 M | |
| Net Loss | -2 M | -2.1 M |
Nexalin Technology Stock Technical Analysis
Nexalin Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Nexalin Technology Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Nexalin Technology cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nexalin Technology November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Nexalin Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nexalin Technology shares will generate the highest return on investment. By undertsting and applying Nexalin Technology stock market strength indicators, traders can identify Nexalin Technology entry and exit signals to maximize returns
Nexalin Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nexalin Technology's price direction in advance. Along with the technical and fundamental analysis of Nexalin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nexalin to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1842 | |||
| Jensen Alpha | 2.62 | |||
| Total Risk Alpha | 0.8907 | |||
| Sortino Ratio | 0.3365 | |||
| Treynor Ratio | 1.93 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexalin Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Nexalin Stock please use our How to buy in Nexalin Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nexalin Technology. If investors know Nexalin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nexalin Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Revenue Per Share 0.02 | Quarterly Revenue Growth (0.24) | Return On Assets (1.19) | Return On Equity (2.02) |
The market value of Nexalin Technology is measured differently than its book value, which is the value of Nexalin that is recorded on the company's balance sheet. Investors also form their own opinion of Nexalin Technology's value that differs from its market value or its book value, called intrinsic value, which is Nexalin Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nexalin Technology's market value can be influenced by many factors that don't directly affect Nexalin Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nexalin Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexalin Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexalin Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.