XWELL (NASDAQ:XWEL) Stock Price Up 0.5% – Still a Buy?

XWELL, Inc. (NASDAQ:XWEL)’s share price traded up 0.5% during mid-day trading on Friday. The company traded as high as $0.9164 and last traded at $0.8940. Approximately 25,492 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 27,030 shares. The stock had previously closed at $0.8896.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of XWELL from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

XWELL Trading Up 0.5%

The stock has a fifty day simple moving average of $0.98 and a 200-day simple moving average of $1.14. The company has a market capitalization of $7.55 million, a PE ratio of -0.17 and a beta of 1.00.

XWELL (NASDAQ:XWEL) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($1.00) by $0.74. XWELL had a negative return on equity of 1,091.48% and a negative net margin of 82.90%.The business had revenue of $7.14 million for the quarter, compared to the consensus estimate of $2.37 million.

About XWELL

XWELL Corporation (NASDAQ: XWEL) is a health and wellness company that provides services designed to support well-being, relaxation and preventive care. The company operates wellness facilities in high-traffic locations, including airports, and offers services such as massage, beauty treatments and other spa-related experiences.

XWELL also provides health-focused services through offerings that have included diagnostic testing, travel health and wellness programs. Its business has evolved from the company formerly known as XpresSpa Group, which operated airport spa locations and expanded into health screening and related services during the COVID-19 pandemic.

The company primarily serves travelers and consumers in the United States through airport and other commercial locations, with its operations and service offerings subject to change as it develops its broader wellness platform.