NXL
Price:
$3.82
Market Cap:
$49.13M
Nexalin Technology, Inc., a medical device company, designs and develops neurostimulation products for the treatment of mental health in the United States and China. It licenses and markets Nexalin Device, a non-invasive and drug-free therapy for the treatment of anxiety and insomnia. The company's Nexalin device emits a patented frequency-based waveform, which stimulates a positive response from the mid-brain structures associated with various mental health disorders. It also engages in the development of Generation 2, a medical device that is in clinical trials for the treatment of substance abuse issues related to opiates, chronic pain, Alzheimer's disease, and dementia. The company was i...[Read more]
Industry
Medical - Devices
IPO Date
2022-09-16
Stock Exchange
NASDAQ
Ticker
NXL
According to Nexalin Technology, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 16.39. This represents a change of 86.89% compared to the average of 8.77 of the last 4 quarters.
The mean historical Current Ratio of Nexalin Technology, Inc. over the last ten years is 2.47. The current 16.39 Current Ratio has changed 66.13% with respect to the historical average. Over the past ten years (40 quarters), NXL's Current Ratio was at its highest in in the September 2024 quarter at 16.39. The Current Ratio was at its lowest in in the March 2020 quarter at 0.
Average
2.47
Median
0.32
Minimum
0.07
Maximum
8.07
Discovering the peaks and valleys of Nexalin Technology, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 1.10%
Maximum Annual Current Ratio = 8.07
Minimum Annual Increase = -30.06%
Minimum Annual Current Ratio = 0.07
Year | Current Ratio | Change |
---|---|---|
2023 | 8.07 | 111.68% |
2022 | 3.81 | 1.10% |
2021 | 0.32 | 326.78% |
2020 | 0.07 | -30.06% |
The current Current Ratio of Nexalin Technology, Inc. (NXL) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
4.06
5-year avg
2.47
10-year avg
2.47
Nexalin Technology, Inc.’s Current Ratio is greater than Ainos, Inc. (1.37), greater than Electromed, Inc. (5.53), less than Armm Inc. (0), greater than Surmodics, Inc. (3.96), greater than Bluejay Diagnostics, Inc. (6.26), greater than INVO Bioscience, Inc. (0.30), greater than Motus GI Holdings, Inc. (1.74), greater than IRIDEX Corporation (1.54), greater than Aziyo Biologics, Inc. (0.87), greater than Ainos, Inc. (1.37), greater than LENSAR, Inc. (3.37), greater than ProSomnus, Inc. Common Stock (0.30), greater than LivaNova PLC (3.37), greater than OrthoPediatrics Corp. (7.17), greater than Modular Medical, Inc. (3.36), greater than NeuroPace, Inc. (5.59), greater than STRATA Skin Sciences, Inc. (1.13), greater than Nemaura Medical Inc. (0.19),
Company | Current Ratio | Market cap |
---|---|---|
1.37 | $6.08M | |
5.53 | $251.96M | |
0 | $106.25K | |
3.96 | $561.12M | |
6.26 | $1.89M | |
0.30 | $3.25M | |
1.74 | $5.11K | |
1.54 | $29.95M | |
0.87 | $24.21M | |
1.37 | $6.45M | |
3.37 | $85.72M | |
0.30 | $8.18M | |
3.37 | $2.79B | |
7.17 | $637.85M | |
3.36 | $58.08M | |
5.59 | $289.53M | |
1.13 | $12.72M | |
0.19 | $8.07K |
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