How to Buy Nexalin Technology Stock
Nexalin Technology Inc
Nexalin Technology, Inc. , a medical device company, designs and develops neurostimulation products for the treatment of mental health in the United States and China.
Nexalin Technology stock last closed at $1.42, down 12.62% from the previous day, and has increased 72.12% in one year. It has overperformed other stocks in the Medical Devices industry by 0.89 percentage points. Nexalin Technology stock is currently +461.26% from its 52-week low of $0.25, and -58.24% from its 52-week high of $3.40.
As of Apr 24, 2024, there are 7.44M NXL shares outstanding. The market cap of NXL is $10.56M. In the past 24 hours, 76,498 NXL shares were traded.
How to Buy Nexalin Technology Stock
Not sure how to invest in Nexalin Technology stock? Here's how.
- Choose where to buy Nexalin Technology stock: You need to pick an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Nexalin Technology stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Choose your payment method and add your information.
- Evaluate Nexalin Technology stock: The Nexalin Technology ticker symbol is NXL. Is Nexalin Technology stock a good investment? Should you buy shares of NXL? How do NXL's underlying business fundamentals look? Do top analysts think Nexalin Technology is a good buy? Why has NXL's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if NXL is a good stock to buy).
- Make your NXL trade: Decide if you will purchase NXL shares at the current market price or use a limit order to purchase NXL shares at a particular price.
- Keep an eye on your investment in NXL: Create a watchlist to important updates regarding your investment in Nexalin Technology shares.
Step 1: Choose where to buy Nexalin Technology stock
You will need a brokerage account to access the NASDAQ market and buy NXL stock.
Our recommended brokerage: eToro
In our opinion, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal details so you are able to buy NXL stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new trading account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have opened your account on one of the best stock trading apps, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of depositing money into your new brokerage account.
Step 4: Evaluate Nexalin Technology stock
After you have identified the best place to buy Nexalin Technology stock, it's crucial to analyze their stock prior to buying, so you can understand the risk as well as the upside.
Nexalin Technology Numbers
Nexalin Technology Fundamentals
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on NXL's stock page.
What is the fair value of NXL stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge NXL's true value.
Using relative valuations ratios:
- NXL may be undervalued based on its P/B ratio of 3.29x, relative to Medical Devices industry P/B ratio of 3.73x
You can access additional valuation analysis on NXL's stock here.
NXL Financial Health Summary
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the NXL balance sheet.
- There are more short-term assets than short-term liabilities on the NXL balance sheet.
- NXL has a low debt to equity ratio of 0.13.
Negative Financial Indicators:
- NXL profit margin has gone down from -128.5% to -4,197.6% in the past year.
- NXL has $2.95M in cash and short term investments. This is not sufficient to cover its annual cash burn of $3.84M.
- NXL has cash burn of 3835384. It does not have enough cash and short-term investments to cover this.
NXL Technical Indicators
Is NXL Making Money?
Last year, NXL revenue was $110.75k. Over the last three year, NXL's revenue has grown by -81.64% per year. This was slower than the Medical Devices industry average of 13.35%.
Dig into NXL's earnings and revenue performance here.
Who is buying/selling NXL?
Over the past 12 months, insiders at NXL have not bought or sold any shares.
Research more about who owns NXL stock here.
Does NXL stock generate passive income?
No, Nexalin Technology doesn't provide an income stream by paying out dividends.
What others are saying about NXL
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your NXL trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, use a limit order.
Press the Open Trade button and your broker will place your order.
If you require additional info about buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your investment in NXL
Now that you own some NXL shares, you'll want to stay up-to-date on your shares.
Create a watchlist to track the most important metrics related to your NXL stock.
NXL Feed
How to Buy Stock in Nexalin Technology
To summarize, here are the 6 steps you need to take to buy Nexalin Technology stock right now:
- Choose where to buy Nexalin Technology stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Evaluate Nexalin Technology stock
- Make your NXL trade
- Keep an eye on your investment in NXL
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Nexalin Technology, add NXL to your watchlist by clicking the button below.
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