NextPlat (NASDAQ:NXPL) Shares Down 4.7% – Here’s Why

NextPlat Corp (NASDAQ:NXPL)’s share price fell 4.7% on Friday . The company traded as low as $1.01 and last traded at $1.02. 62,727 shares traded hands during trading, a decline of 93% from the average session volume of 839,551 shares. The stock had previously closed at $1.07.

NextPlat Stock Down 4.7 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 3.70 and a quick ratio of 3.04. The firm has a 50-day simple moving average of $1.08 and a 200 day simple moving average of $1.14. The company has a market capitalization of $26.48 million, a PE ratio of -1.50 and a beta of 0.76.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NextPlat stock. Omnia Family Wealth LLC bought a new position in NextPlat Corp (NASDAQ:NXPL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 93,429 shares of the company’s stock, valued at approximately $132,000. Omnia Family Wealth LLC owned about 0.49% of NextPlat as of its most recent SEC filing. Institutional investors own 1.30% of the company’s stock.

NextPlat Company Profile

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.