NextPlat Stock Set to Reverse Split on Monday, April 6th (NASDAQ:NXPL)
by Mitch Edgeman · The Markets DailyNextPlat Corp. (NASDAQ:NXPL – Free Report)’s stock is scheduled to reverse split before the market opens on Monday, April 6th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, April 5th.
NextPlat Price Performance
Shares of NASDAQ:NXPL opened at $0.39 on Thursday. NextPlat has a one year low of $0.34 and a one year high of $1.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.56 and a quick ratio of 2.80. The company has a market cap of $10.57 million, a price-to-earnings ratio of -0.89 and a beta of 1.38. The firm has a 50 day simple moving average of $0.54 and a 200 day simple moving average of $0.65.
NextPlat (NASDAQ:NXPL – Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $12.81 million during the quarter. NextPlat had a negative net margin of 14.58% and a negative return on equity of 34.22%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NextPlat in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
View Our Latest Stock Report on NextPlat
Hedge Funds Weigh In On NextPlat
An institutional investor recently bought a new position in NextPlat stock. Simplicity Wealth LLC purchased a new position in shares of NextPlat Corp. (NASDAQ:NXPL – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 600,000 shares of the company’s stock, valued at approximately $497,000. Simplicity Wealth LLC owned 2.31% of NextPlat as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.30% of the company’s stock.
About NextPlat
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.