XWELL (NASDAQ:XWEL) Trading Up 0.9% – Still a Buy?

Shares of XWELL, Inc. (NASDAQ:XWEL) shot up 0.9% on Thursday . The company traded as high as $1.10 and last traded at $1.07. 24,013 shares were traded during trading, a decline of 77% from the average daily volume of 102,763 shares. The stock had previously closed at $1.06.

Wall Street Analysts Forecast Growth

XWEL has been the subject of several recent research reports. Weiss Ratings lowered shares of XWELL from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded shares of XWELL from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, XWELL has an average rating of “Sell”.

XWELL Trading Up 0.9%

The business’s 50-day simple moving average is $1.26 and its two-hundred day simple moving average is $0.97. The company has a market capitalization of $9.03 million, a PE ratio of -0.19 and a beta of 1.03.

XWELL (NASDAQ:XWEL) last announced its earnings results on Wednesday, May 20th. The company reported ($1.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.51). XWELL had a negative return on equity of 2,318.99% and a negative net margin of 81.43%.The business had revenue of $6.64 million for the quarter, compared to analysts’ expectations of $2.37 million.

About XWELL

XWELL, Inc provides health and wellness services in airport and off airport marketplaces in the United States and internationally. It operates in four segments: XpresSpa, XpresTest, Naples Wax Center, and Treat. The XpresSpa segment traveler's spa services, including massage, nail, and skin care services, as well as spa and travel products. The XpresTest segment offers diagnostic COVID-19 tests at XpresCheck Wellness Centers in airports, to airport employees and to the traveling public but has transitioned to the CDC's bio-surveillance program; and provides marketing support through HyperPointe business to various health and health-related channels.